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(CMG) Chipotle Mexican complete technical analysis [charts+indicators] | Buy/Sell Chipotle Mexican | (CMG) share price targets

Complete technical analysis of Chipotle Mexican (CMG) by charts plus indicators, forecast predictions and share price targets for Chipotle Mexican (CMG)

Chipotle Mexican trades in USA in Consumer Services sector.

Showing technical analysis as on 2024-09-18 View latest technical analysis

10 day averaged volume of Chipotle Mexican is 10266470

Date	Daily Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	56.93	58.54	58.54	56.81	0.995 times
17 Tue Sep 2024	58.50	58.05	58.77	57.49	1.031 times
16 Mon Sep 2024	57.66	56.59	57.75	56.40	1.039 times
13 Fri Sep 2024	56.12	56.45	56.57	55.69	0.771 times
12 Thu Sep 2024	56.35	55.93	56.48	55.55	0.884 times
11 Wed Sep 2024	55.79	54.27	55.87	53.96	1.247 times
10 Tue Sep 2024	54.21	54.43	54.90	53.68	0.815 times
09 Mon Sep 2024	54.29	54.04	54.83	54.00	0.923 times
06 Fri Sep 2024	53.68	53.19	54.52	53.08	1.29 times
05 Thu Sep 2024	53.03	53.02	53.78	52.92	0.81 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 56.8, but if it comes below 56.8, then a intra day sell could be more profitable.
If you take a sell trade below 56.8, then use 56.8 as stoploss and 55.25 as target. However if you take a buy trade in stock , then use 56.8 as stoploss and 58.6 as target.

Share price targets for Chipotle Mexican (CMG)

Target Type	Value
Downside Target	47.98
Downside Target	49.41
Downside Target	52.65
Downside Target	55.18
Upside Target	56.98
Upside Target	58.77
Upside Target	61.57
Upside Target	62.96
Upside Target	3055.27
Upside Target	3260.00
Upside Target	3463.07

Intraday share price targets for Chipotle Mexican (CMG)

Target Type	Value
Downside Intraday Target	55.96
Downside Intraday Target	55
Upside Intraday Target	58.33
Upside Intraday Target	59.74
Upside Intraday Target	57.37

Weekly technical analysis of Chipotle Mexican (CMG)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	56.93	56.59	58.77	56.40	0.66 times
13 Fri Sep 2024	56.12	54.04	56.57	53.68	0.989 times
06 Fri Sep 2024	53.68	55.99	56.58	52.65	3.751 times
30 Fri Aug 2024	56.08	55.95	56.23	55.18	0.199 times
30 Fri Aug 2024	56.08	53.82	56.98	53.78	1 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Chipotle Mexican (CMG)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	56.93	55.99	58.77	52.65	0.292 times
30 Fri Aug 2024	56.08	54.29	56.98	47.98	0.939 times
31 Wed Jul 2024	54.32	62.69	62.96	49.41	5.454 times
28 Fri Jun 2024	62.65	3138.88	3463.07	61.57	17.555 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Chipotle Mexican (CMG)

Price action analysis of Chipotle Mexican ( (CMG) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Chipotle Mexican ( (CMG) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Chipotle Mexican ( (CMG) ) based on a mid to longer term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Chipotle Mexican stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Chipotle Mexican in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Chipotle Mexican Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Chipotle Mexican in short term but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Chipotle Mexican is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 55.69 and Chipotle Mexican (CMG) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Chipotle Mexican (CMG) stock. Volume based technical analysis of Chipotle Mexican (CMG) stock is negative.

Chipotle Mexican Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.