When Chipotle Mexican Grill ($CMG) Moves Investors should Listen

October 24, 2023, 15:00 pm ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CMG

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short CMG slightly under 1880.90, target n/a, stop loss @ 1886.33 Details

The technical summary data is suggesting a short of CMG as it gets near 1880.90, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 1886.33. 1880.90 is the first level of resistance above 1852.66, and by rule, any test of resistance is a short signal. In this case, if resistance 1880.90 is being tested, so a short signal would exist.

Swing Trading Plans for CMG

• Buy CMG slightly over 1880.90, target 2058.76, Stop Loss @ 1875.47 Details

If 1880.90 begins to break higher, the technical summary data tells us to buy CMG just slightly over 1880.90, with an upside target of 2058.76. The data also tells us to set a stop loss @ 1875.47 in case the stock turns against the trade. 1880.90 is the first level of resistance above 1852.66, and by rule, any break above resistance is a buy signal. In this case, 1880.90, 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 1880.90, target 1841.12, Stop Loss @ 1886.33. Details

The technical summary data is suggesting a short of CMG if it tests 1880.90 with a downside target of 1841.12. We should have a stop loss in place at 1886.33 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, 1880.90, 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 1861.65, target 1880.90, Stop Loss @ 1857.31 Details

If 1861.65 begins to break higher, the technical summary data tells us to buy CMG just slightly over 1861.65, with an upside target of 1880.90. The data also tells us to set a stop loss @ 1857.31 in case the stock turns against the trade. 1861.65 is the first level of resistance above 1852.66, and by rule, any break above resistance is a buy signal. In this case, 1861.65, 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 1861.65, target 1841.12, Stop Loss @ 1865.99. Details

The technical summary data is suggesting a short of CMG if it tests 1861.65 with a downside target of 1841.12. We should have a stop loss in place at 1865.99 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, 1861.65, 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 October 24:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	1880.90
P2	1831.36	1787.57	2058.76
P3	1861.65	1841.12	2244.49

AI Generated Signals for CMG

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How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Chipotle Mexican Grill (NYSE: CMG) report below is a real world example. Included are trading plans for CMG, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.