Chipotle Mexican Grill Inc. (CMG)
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|It was a second consecutive positive week for the Chipotle Mexican Grill Inc. (CMG). During the week, the CMG gained 45.92 points, or 4.96%, and closed at 971.75 on Friday, May 15, 2020. CMG was trading at average weekly trading volume. |
Long-term trend: [See CMG long-term trend chart]
A long-term uptrend had started on February 9, 2018 at 247.51 and reached 974.50 on May 15, 2020. CMG gained -726.99 points, or -293.72%, in 118 weeks. Price is near the trend high.
Medium-term trend: [See CMG medium-term trend chart]
A medium-term uptrend had started on March 18, 2020 at 415.00 and reached 974.50 on May 15, 2020. CMG gained -559.50 points, or -134.82%, in 8 weeks. Price is near the trend high.
Weekly Technical Indicators: [See CMG weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since April 24, 2020. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
Short-term trend: [See CMG short-term trend chart]
A short-term uptrend had started on May 13, 2020 at 888.62 and reached 974.50 on May 15, 2020. CMG gained -85.88 points, or -9.66%, in 2 days. Price is near the trend high.
Daily Technical Indicators: [See CMG daily technical indicators chart]
Daily technical indicators are neutral. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is above its signal line since May 14, 2020. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.