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Chipotle Mexican Grill, Inc. (CMG) - Buy, Sell or Hold?

Sector: Consumer Services   Sub-Sector: Restaurants
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 17 Nov 2017Bullish EngulfingBullish EngulfingThu, 09 Nov 20175.4%
***Stock database and scans are updated around midnight (New York time) every trading day.
289.84 0.00 (0%) Nov 17 4:00pm EDT
Open: 283.56 Range: 283.56 - 291.51 Vol: 1.28M Avg Vol: 1.41M
EPS: 4.65 P/E ratio: 58.45 EBITDA: 397.78M Mkt Cap: 7.75B
Analyze "CMG" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 283.48
Medium Term: Trading is Range Bound
Last Trade is above the 20 day moving average at 281.96
Last Trade is below the 50 day moving average at 300.49
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 385.01
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of CMG

Stock Trend Analysis - Buy, Sell or Hold "Chipotle Mexican Grill, Inc." (CMG)?

CMG is in a long term downtrend and it has traded about 64% of the time below the 200 day moving average in the last 52 weeks on daily average volume of 1.4M shares changing hands. The medium term trend for CMG is extremely bearish and weak, having traded almost 92% of the time below the 50 day moving average. The 20 day moving average is also showing some signs of weakness as CMG has been trading below its 20 SMA for 60% of the time in the last 8 weeks. As CMG is in a downtrend characterized by the 200 SMA, currently at 385.01, the most likely scenario is that rallies will be sold into until the 200 SMA is convincingly taken out. Technically, there is very little reason to recommend a buy on this counter. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "CMG".

The analyst consensus estimates for the 1 year price target for this stock is $317.44* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 17 Nov 2017
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