CMG NEWS why is Chipotle Mexican Grill, Inc. price falling or rising

CMG NEWS reasons for why stock price of Chipotle Mexican Grill, Inc. is falling or rising

CMG Chipotle Mexican is falling or rising technical reasons

Technical analysis forecast for Chipotle Mexican Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Chipotle Mexican CMG at this time. Stock is falling and might fall more.

It appears as if Chipotle Mexican CMG gave a large move recently.

Stock of Chipotle Mexican (CMG) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Chipotle Mexican is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Chipotle Mexican stays below 58.2, but if it comes above 58.2, then a intra day buy could be more profitable.
If you take a sell trade below 58.2, then use 58.2 as stoploss and 56 as target. However if you take a buy trade in Chipotle Mexican, then use 58.2 as stoploss and 60.13 as target.

CMG Chipotle Mexican is falling or rising NEWS fundamental reasons

More announcements and NEWS

CMG Chipotle Mexican Grill, Inc. current price & indicator signals

Moving Averages for Chipotle Mexican Grill, Inc.

  • 5Day Average: 57.98
  • 12Day Average: 57.44
  • 20Day Average: 56.08
  • 50Day Average: 54.47
  • 100Day Average: 1059.58
  • 150Day Average: 1678.62
  • 200Day Average: 1865.35

CMG Indicators & signals

Indicator MACD (12,26,9)

57.33, 73.05, -23.73
Indicator MACD is in negative zone

Indicator ADX (14)

56.85, 14.9, 54.15
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 18
Indicator RSI is indicating selling pressure and stock might fall.

Recent prices of CMG Chipotle Mexican Grill, Inc. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Thu Sep 2024 58.05 57.76 to 59.00 -0.57% 1.04 times
25 Wed Sep 2024 58.38 57.63 to 58.45 0.72% 0.85 times
24 Tue Sep 2024 57.96 57.52 to 58.34 -0.57% 0.9 times
23 Mon Sep 2024 58.29 57.28 to 58.50 1.85% 0.94 times
20 Fri Sep 2024 57.23 56.99 to 58.18 -1.28% 1.48 times
19 Thu Sep 2024 57.97 57.41 to 58.43 1.83% 0.96 times
18 Wed Sep 2024 56.93 56.81 to 58.54 -2.68% 1.03 times
17 Tue Sep 2024 58.50 57.49 to 58.77 1.46% 1.07 times
16 Mon Sep 2024 57.66 56.40 to 57.75 2.74% 1.07 times
13 Fri Sep 2024 56.12 55.69 to 56.57 -0.41% 0.8 times
12 Thu Sep 2024 56.35 55.55 to 56.48 1% 0.91 times
11 Wed Sep 2024 55.79 53.96 to 55.87 2.91% 1.29 times

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CMG NEWS why is Chipotle Mexican Grill, Inc. price falling or rising

 

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