When the Price of (CMG) Talks, People Listen
March 29, 2024, 16:44 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CMG
- Buy CMG slightly over 2765.29 target n/a stop loss @ 2757.3. Details
The technical summary data tells us to buy CMG near 2765.29, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 2757.3 to protect against excessive loss in case the stock begins to move against the trade. 2765.29 is the first level of support below 2906.77, and by rule, any test of support is a buy signal. In this case, if support 2765.29 is being tested, a buy signal would exist.
- NONE . Details
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Swing Trading Plans for CMG
- Buy CMG slightly over 2930.76, target 3026.36, Stop Loss @ 2922.3 Details
If 2930.76 begins to break higher, the technical summary data tells us to buy CMG just slightly over 2930.76, with an upside target of 3026.36. The data also tells us to set a stop loss @ 2922.3 in case the stock turns against the trade. 2930.76 is the first level of resistance above 2906.77, and by rule, any break above resistance is a buy signal. In this case, 2930.76, 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 2930.76, target 2765.29, Stop Loss @ 2939.22. Details
The technical summary data is suggesting a short of CMG if it tests 2930.76 with a downside target of 2765.29. We should have a stop loss in place at 2939.22 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, 2930.76, 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 2913.27, target 2930.76, Stop Loss @ 2906.47 Details
If 2913.27 begins to break higher, the technical summary data tells us to buy CMG just slightly over 2913.27, with an upside target of 2930.76. The data also tells us to set a stop loss @ 2906.47 in case the stock turns against the trade. 2913.27 is the first level of resistance above 2906.77, and by rule, any break above resistance is a buy signal. In this case, 2913.27, 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 2913.27, target 2765.29, Stop Loss @ 2920.07. Details
The technical summary data is suggesting a short of CMG if it tests 2913.27 with a downside target of 2765.29. We should have a stop loss in place at 2920.07 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, 2913.27, 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 March 29:
Term → | Near |
Mid |
Long |
Rating |
Neutral |
Strong |
Strong |
P1 |
0 |
0 |
2280.33 |
P2 |
2913.27 |
2930.76 |
2516.52 |
P3 |
2962.62 |
3026.36 |
2765.29 |
AI Generated Signals for CMG
Blue = Current Price
Red= Resistance
Green = Support
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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 Inc. (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.
Fundamental Charts for CMG: