Chipotle Mexican Grill $CMG Investment Analysis and Advice

September 16, 2023, 08:30 am ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CMG

• Buy CMG slightly over 1870.45 target 2046.62 stop loss @ 1865.05 Details

The technical summary data tells us to buy CMG near 1870.45 with an upside target of 2046.62. This data also tells us to set a stop loss @ 1865.05 to protect against excessive loss in case the stock begins to move against the trade. 1870.45 is the first level of support below 1912.5 , and by rule, any test of support is a buy signal. In this case, support 1870.45 would be being tested, so a buy signal would exist.

• Short CMG slightly under 2046.62, target 1870.45, stop loss @ 2052.53 Details

The technical summary data is suggesting a short of CMG as it gets near 2046.62 with a downside target of 1870.45. We should have a stop loss in place at 2052.53though. 2046.62 is the first level of resistance above 1912.5, and by rule, any test of resistance is a short signal. In this case, if resistance 2046.62 is being tested, so a short signal would exist.

Swing Trading Plans for CMG

• Buy CMG slightly over 1947.91, target 1987.10, Stop Loss @ 1942.28 Details

If 1947.91 begins to break higher, the technical summary data tells us to buy CMG just slightly over 1947.91, with an upside target of 1987.10. The data also tells us to set a stop loss @ 1942.28 in case the stock turns against the trade. 1947.91 is the first level of resistance above 1912.5, and by rule, any break above resistance is a buy signal. In this case, 1947.91, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CMG slightly near 1947.91, target 1870.45, Stop Loss @ 1953.54. Details

The technical summary data is suggesting a short of CMG if it tests 1947.91 with a downside target of 1870.45. We should have a stop loss in place at 1953.54 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 1947.91, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for CMG

• Buy CMG slightly over 1936.85, target 1947.91, Stop Loss @ 1932.33 Details

If 1936.85 begins to break higher, the technical summary data tells us to buy CMG just slightly over 1936.85, with an upside target of 1947.91. The data also tells us to set a stop loss @ 1932.33 in case the stock turns against the trade. 1936.85 is the first level of resistance above 1912.5, and by rule, any break above resistance is a buy signal. In this case, 1936.85, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CMG slightly near 1936.85, target 1870.45, Stop Loss @ 1941.37. Details

The technical summary data is suggesting a short of CMG if it tests 1936.85 with a downside target of 1870.45. We should have a stop loss in place at 1941.37 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 1936.85, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Chipotle Mexican Grill (CMG) available here: CMG.

CMG Ratings for September 16:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	1870.45
P2	1936.85	1947.91	2046.62
P3	1964.89	1987.10	2229.07

AI Generated Signals for CMG

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Prudent Investment Analysis requires observations of the support and resistance levels for Chipotle Mexican Grill (NYSE: CMG) too.  These define prudent trading plans.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for CMG change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if CMG is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for CMG too.  All of these are offered below the Summary Table.