When the Price of Chipotle Mexican Grill $CMG Talks, People Listen

March 16, 2023, 13:30 pm ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CMG

• Buy CMG slightly over 1536.12 target 1701.74 stop loss @ 1531.68 Details

The technical summary data tells us to buy CMG near 1536.12 with an upside target of 1701.74. This data also tells us to set a stop loss @ 1531.68 to protect against excessive loss in case the stock begins to move against the trade. 1536.12 is the first level of support below 1624.78 , and by rule, any test of support is a buy signal. In this case, support 1536.12 is being tested, a buy signal would exist.

• Short CMG slightly under 1701.74, target 1536.12, stop loss @ 1706.65 Details

The technical summary data is suggesting a short of CMG as it gets near 1701.74 with a downside target of 1536.12. We should have a stop loss in place at 1706.65though. 1701.74 is the first level of resistance above 1624.78, and by rule, any test of resistance is a short signal. In this case, if resistance 1701.74 is being tested, a short signal would exist.

Swing Trading Plans for CMG

• Buy CMG slightly over 1701.74, target n/a, Stop Loss @ 1696.83 Details

If 1701.74 begins to break higher, the technical summary data tells us to buy CMG just slightly over 1701.74, with an upside target of n/a. The data also tells us to set a stop loss @ 1696.83 in case the stock turns against the trade. 1701.74 is the first level of resistance above 1624.78, and by rule, any break above resistance is a buy signal. In this case, 1701.74, 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 1701.74, target 1609.36, Stop Loss @ 1706.65. Details

The technical summary data is suggesting a short of CMG if it tests 1701.74 with a downside target of 1609.36. We should have a stop loss in place at 1706.65 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, 1701.74, 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 1701.74, target n/a, Stop Loss @ 1697.77 Details

If 1701.74 begins to break higher, the technical summary data tells us to buy CMG just slightly over 1701.74, with an upside target of n/a. The data also tells us to set a stop loss @ 1697.77 in case the stock turns against the trade. 1701.74 is the first level of resistance above 1624.78, and by rule, any break above resistance is a buy signal. In this case, 1701.74, 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 1701.74, target 1609.36, Stop Loss @ 1705.71. Details

The technical summary data is suggesting a short of CMG if it tests 1701.74 with a downside target of 1609.36. We should have a stop loss in place at 1705.71 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, 1701.74, 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 March 16:

Term →	Near	Mid	Long
Rating	Weak	Strong	Neutral
P1	0	0	1369.59
P2	1577.67	1573.19	1536.12
P3	1601.54	1609.36	1701.74

AI Generated Signals for CMG

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Chipotle Mexican Grill (NYSE: CMG) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for CMG can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.