When the Price of (CMG) Talks, People Listen

January 05, 2024, 00:04 am ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CMG

• Buy CMG slightly over 2200.21 target 2384.81 stop loss @ 2193.86 Details

The technical summary data tells us to buy CMG near 2200.21 with an upside target of 2384.81. This data also tells us to set a stop loss @ 2193.86 to protect against excessive loss in case the stock begins to move against the trade. 2200.21 is the first level of support below 2220.47 , and by rule, any test of support is a buy signal. In this case, support 2200.21 is being tested, a buy signal would exist.

• Short CMG slightly under 2384.81, target 2200.21, stop loss @ 2391.7 Details

The technical summary data is suggesting a short of CMG as it gets near 2384.81 with a downside target of 2200.21. We should have a stop loss in place at 2391.7though. 2384.81 is the first level of resistance above 2220.47, and by rule, any test of resistance is a short signal. In this case, if resistance 2384.81 is being tested, a short signal would exist.

Swing Trading Plans for CMG

• Buy CMG slightly over 2224.56, target 2269.86, Stop Loss @ 2218.14 Details

If 2224.56 begins to break higher, the technical summary data tells us to buy CMG just slightly over 2224.56, with an upside target of 2269.86. The data also tells us to set a stop loss @ 2218.14 in case the stock turns against the trade. 2224.56 is the first level of resistance above 2220.47, and by rule, any break above resistance is a buy signal. In this case, 2224.56, 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 2224.56, target 2200.21, Stop Loss @ 2230.98. Details

The technical summary data is suggesting a short of CMG if it tests 2224.56 with a downside target of 2200.21. We should have a stop loss in place at 2230.98 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, 2224.56, 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 2224.56, target 2228.65, Stop Loss @ 2219.37 Details

If 2224.56 begins to break higher, the technical summary data tells us to buy CMG just slightly over 2224.56, with an upside target of 2228.65. The data also tells us to set a stop loss @ 2219.37 in case the stock turns against the trade. 2224.56 is the first level of resistance above 2220.47, and by rule, any break above resistance is a buy signal. In this case, 2224.56, 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 2224.56, target 2213.9, Stop Loss @ 2229.75. Details

The technical summary data is suggesting a short of CMG if it tests 2224.56 with a downside target of 2213.9. We should have a stop loss in place at 2229.75 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, 2224.56, 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 05:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	2014.17
P2	2213.9	2224.56	2200.21
P3	2228.65	2269.86	2384.81

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 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.