pool adsChipotle CMG is Strong on a Near Term Basis
Chipotle CMG is Strong on a Near Term Basis, but neutral on both a midterm and longer term basis.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Neutral | Neutral |
| P1 | 327.17 | 297.97 | 274.78 |
| P2 | 332.55 | 334.55 | 316.88 |
| P3 | 342.81 | 371.25 | 359.43 |
Support and Resistance Plot Chart for CMG
Long Term Trading Plans for CMG
April 24, 2018, 12:08 pm ET
The technical Summary and associated Trading Plans for CMG listed below will help you make important timing decisions for your trades. This data is based on our proprietary analysis for CMG. In addition we offer Market Timing Models and Stock Filters in the links above which may increase the proficiency of the decisions you make.
CMG - (Long) Support Plan
Buy over 316.88 target 359.43 stop loss @ 316.62.
The technical summary data tells us to buy CMG near 316.88 with an upside target of 359.43. This data also tells us to set a stop loss @ 316.62 to protect against excessive loss in case the stock begins to move against the trade. 316.88 is the first level of support below 335.4 , and by rule, any test of support is a buy signal. In this case, support 316.88 is being tested, a buy signal would exist.
CMG - (Short) Resistance Plan
Short under 359.43 target 316.88 stop loss @ 359.69
The technical summary data is suggesting a short of CMG as it gets near 359.43 with a downside target of 316.88. We should have a stop loss in place at 359.69 though. 359.43 is the first level of resistance above 335.4, and by rule, any test of resistance is a short signal. In this case, if resistance 359.43 is being tested, a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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