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Advanced TA SearchArchive
- 11/24/2023 -
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Chipotle Mexican Grill (CMG) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a sixth positive week after 5 consecutive negative weeks for the Chipotle Mexican Grill (CMG). During the week, the CMG gained 57.45 points, or 2.66%, and closed at 2219.67 on Friday, November 24, 2023. Weekly volume was -42% below average.
 Long-term trend: [See CMG long-term trend chart]
A long-term uptrend had started on June 14, 2022 at 1196.28 and reached 2225.00 on November 24, 2023. CMG gained -1028.72 points, or -85.99%, in 75 weeks. Price is near the trend high.
Medium-term trend: [See CMG medium-term trend chart]
A medium-term uptrend had started on October 13, 2023 at 1768.64 and reached 2225.00 on November 24, 2023. CMG gained -456.36 points, or -25.80%, in 6 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 November 10, 2023. 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 November 22, 2023 at 2224.80 and reached 2225.00 on November 24, 2023. CMG gained -0.20 points, or -0.01%, in 2 days. The price is now at the 2665.00% retracement level.
 Daily Technical Indicators: [See CMG daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.
The daily MACD line is above its signal line since October 17, 2023. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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