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| Relative Strength Index (RSI Indicator) |
| The Relative Strength Index is a popular momentum oscillator, developed by Welles Wilder, Jr. It is one of the most widely used technical indicators. Relative Strength Index compares upward vs. downward movements in closing over a selected period. The RSI Indicator fluctuates from 0% to 100%. A stock with RSI Indicator higher than 70% is considered overbought and lower than 30% - oversold. A good rule is to adjust overbought/oversold index range to 80% in bull and to 20% in bear markets. Relative Strength Index can provide an early warning, but not the final signal. It should be used in conjunction with other stock picking techniques. The divergence between RSI Indicator and underlying stock price is the most important signal provided by RSI, and it can be an indication of an impending reversal. Using the RSI divergence (bullish and bearish), chart patterns, trendlines, support, and resistance lines along with the RSI Indicator chart can be very useful. |
Relative strength index- rsi indicator and overbought oversold index. |
relative strength index,relative strength,overbought oversold index,rsi indicator |
RSI divergence - Bullish Bearish. |
rsi divergence,Bullish,Bearish,bullish stocks,Bullish Divergence,Bearish Divergence,stock market |
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Chipotle Mexican Grill (CMG) |
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| Summary:
| | Weekly : | | Daily : 
Move cursor over the icon to see details.
| | It was the negative week for the Chipotle Mexican Grill (CMG). During the week, the CMG dropped -35.20 points, or -1.67%, and closed at 2071.02 on Friday, May 26, 2023. CMG was trading at average weekly trading volume.
 Long-term trend: [See CMG long-term trend chart]
A long-term uptrend had started on June 14, 2022 at 1196.28 and reached 2139.88 on May 22, 2023. CMG gained -943.60 points, or -78.88%, in 48 weeks. The price is now at the 7.30% retracement level.
Medium-term trend: [See CMG medium-term trend chart]
A medium-term uptrend had started on January 5, 2023 at 1344.05 and reached 2139.88 on May 22, 2023. CMG gained -795.83 points, or -59.21%, in 19 weeks. The price is now at the 8.65% retracement level.
 Weekly Technical Indicators: [See CMG weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 January 20, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 March 2, 2023 at 1470.05 and reached 2139.88 on May 22, 2023. CMG gained -669.83 points, or -45.57%, in 81 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (2182.67) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a short-term trend.
 Daily Technical Indicators: [See CMG daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.
The daily MACD line is below its signal line since May 11, 2023.
A Parabolic SAR (stop and reversal) indicator (2058.13) comes close to the price (2071.02). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands (4.2%) is close to one year low (6.37%). It is 73.94% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.
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