The Greedy Trader Weekly Analysis
Sign In May 22, 2020
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Number of records: 10
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Downtrend Broken Resistance
Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for broken resistance trend trading. Stock trend analysis and broken resistance trend following indicators.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,Broken Resistance

Chipotle Mexican Grill Inc. (CMG)

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Summary:
Weekly :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :MACD bearish divergenceThe price is above the upper Bollinger Band
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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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.96
Williams' Percentage Range (W%R) 23.90
Lane's Stochastic (%D-Slow) 73.07
Greed/Fear Indicator (GFI) 73.36
Moving Average Converg./Diverg. (MACD) 46.73 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.09
Williams' Percentage Range (W%R) 8.70
Strong Overbought
Lane's Stochastic (%D-Slow) 86.98
Overbought
Greed/Fear Indicator (GFI) 76.53
Moving Average Converg./Diverg. (MACD) -4.13
Trading Signals
Description Value Chart
Price 971.75
Upper Bollinger Band 957.13
Daily Stochastic Crossing 941.09
Weekly Stochastic Crossing 937.64
Parabolic System 887.73
20 Day Moving Average 886.02
Lower Bollinger Band 794.25
50 Day Moving Average 749.91
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 5
Industry Restaurants 104
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 888.62
Low Date 05/13/2020
High 974.50
High Date 05/15/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 888.62
Low Date 05/13/2020
High 974.50
High Date 05/15/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 856.50
Low Date 05/04/2020
High 974.50
High Date 05/15/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 415.00
Low Date 03/18/2020
High 974.50
High Date 05/15/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 247.51
Low Date 02/09/2018
High 974.50
High Date 05/15/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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