(CMG) Trading Advice

January 15, 2024, 16:48 pm ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CMG

• Buy CMG slightly over 2208.33 target 2391.91 stop loss @ 2201.95 Details

The technical summary data tells us to buy CMG near 2208.33 with an upside target of 2391.91. This data also tells us to set a stop loss @ 2201.95 to protect against excessive loss in case the stock begins to move against the trade. 2208.33 is the first level of support below 2271.9 , and by rule, any test of support is a buy signal. In this case, support 2208.33 is being tested, a buy signal would exist.

• Short CMG slightly under 2391.91, target 2208.33, stop loss @ 2398.82 Details

The technical summary data is suggesting a short of CMG as it gets near 2391.91 with a downside target of 2208.33. We should have a stop loss in place at 2398.82though. 2391.91 is the first level of resistance above 2271.9, and by rule, any test of resistance is a short signal. In this case, if resistance 2391.91 is being tested, a short signal would exist.

Swing Trading Plans for CMG

• Buy CMG slightly over 2391.91, target n/a, Stop Loss @ 2385 Details

If 2391.91 begins to break higher, the technical summary data tells us to buy CMG just slightly over 2391.91, with an upside target of n/a. The data also tells us to set a stop loss @ 2385 in case the stock turns against the trade. 2391.91 is the first level of resistance above 2271.9, and by rule, any break above resistance is a buy signal. In this case, 2391.91, 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 2391.91, target 2260.3, Stop Loss @ 2398.82. Details

The technical summary data is suggesting a short of CMG if it tests 2391.91 with a downside target of 2260.3. We should have a stop loss in place at 2398.82 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, 2391.91, 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 2285.45, target 2391.91, Stop Loss @ 2280.12 Details

If 2285.45 begins to break higher, the technical summary data tells us to buy CMG just slightly over 2285.45, with an upside target of 2391.91. The data also tells us to set a stop loss @ 2280.12 in case the stock turns against the trade. 2285.45 is the first level of resistance above 2271.9, and by rule, any break above resistance is a buy signal. In this case, 2285.45, 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 2285.45, target 2266.1, Stop Loss @ 2290.78. Details

The technical summary data is suggesting a short of CMG if it tests 2285.45 with a downside target of 2266.1. We should have a stop loss in place at 2290.78 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, 2285.45, 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 Inc. (CMG) available here: CMG.

CMG Ratings for January 15:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	2023.54
P2	2266.1	2203.5	2208.33
P3	2285.45	2260.3	2391.91

AI Generated Signals for CMG

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Chipotle Mexican Grill Inc. (NYSE: CMG) while incorporating prudent risk controls.

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.