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CMG trade ideas

Chipotle: Has the Selling Begun?Chipotle Mexican Grill has been rallying for years, but some traders may think the uptrend is ending. The first pattern on today’s chart is the series of higher highs and higher lows since August. Coming after a big slide in July, that channel could be viewed as a bearish flag. Second, this week’s drop after quarterly results may result in a breakdown from that consolidation. Next, prices have crossed under the 50- and 200-day simple moving averages. Fourth, the recent high was near a price range that offered resistance in March and support in June. Is it resistance again? These patterns, coming after the June 26 stock split, may indicate CMG is running out of catalysts. Finally, there could be signs of a bearish channel starting on the weekly chart: TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:CMG
by TradeStation
CMGThe CMG stock sell from 56$ Stop loss closing above 69$ is rising within an upward channel. It broke through the upper boundary and triggered a trap, then fell back inside the upward channel. It then bounced off the channel's midline, which has supported the stock several times. Afterward, it returned to test the upper peak of the upward channel and indeed dropped sharply from it. We anticipate a decline to the lower boundary of the channel, and from there, we will monitor the prices. If the stock manages to hold the decline and we see some price action, it could signal an entry point. Otherwise, it might break the channel.
NYSE:CMGShort
by IbrahimTarek
6
Chipotle (CMG): Awaiting strong correction in bearish waveAfter the recent 50-1 stock split, we revisited Chipotle's chart, refining our analysis for a clearer picture. With the adjusted setup, we’re more confident in our outlook for a potential bearish correction. Our initial turn-around zone was spot-on when factoring in the split, and we remain committed to our analysis. Today, NYSE:CMG reached the targeted Wave B area at the 61.8%-78.6% Fibonacci level. Immediate reactions are often rare, but we believe a reversal could materialize soon. We’re eyeing the range between $43-$26, near the trendline, as a potential target zone for the next phase in this corrective wave pattern. In the second quarter, Chipotle posted an 18.2% year-over-year revenue growth, boosted by an 11.1% rise in comparable restaurant sales and over 8% transaction growth. The earnings report tomorrow will likely attract more investor attention, but our approach focuses on technical entries at key levels rather than earnings reactions. We have alerts set and are prepared to buy when the scenario aligns. Until then, patience and disciplined timing will guide our approach.
NYSE:CMGShort
by freeguy_by_wmc
$CMG Ready to Add a Quick 8%? NYSE:CMG has quite a few technical indications that it is getting ready to make a measured move to around $63 a share. Longer term $70 seems to be an area where this upcoming move may encounter quite a bit of resistance. See the chart for notes. I am looking at this as being a “W” pattern and while the right side of the “W” is shallow, I think it qualifies “in spirit.” You can see the measured move I have put on the chart. And we have a series of higher lows and now a flat base to launch it’s next move from. If it fails here the stop should be below the most recent higher low, around 56.80. I am long $CMG. Ideas, not investing / trading advice.
NYSE:CMGLong
by jaxdog
5
CMG could be in accumulation phaseChipotle Mexican Grill, Inc recently announced that his CEO will join Starbucks, is this shift concerns investors? We can analyze what happened with the stock by looking at the price/volume. What we see is a clear markdown, followed by PS (Preliminary Support), SC (Selling Climax), AR (Automatic Rally) and finally the ST (Secondary Test), it's interesting that this Secondary Test happened after the news of actual CEO will join Starbucks. Ok, so, after that news the stock the stock plummeted? Not exactly, aggressive buyers plus a lot of sell order limits appeared on the scene, now the question is if we've seeing an accumulation phase or a re-distribution. Personally I think this is accumulation but time will tell, if bullish are in control, first target should be around 55$ level. Disclaimer: Content of this post is for information and education purposes only and should not be treated as investment or trading advice.
NYSE:CMG
by rafaromeroground
Chipotle (CMG): Correction Creates 20-30% Upside PotentialChipotle (CMG) stock has recently dropped from its peak of $56.92, breaking below its previous quarterly low and showing a decline in short-term momentum. This decline suggests that the stock has lost some of the gains it accumulated since 2023. Historically, CMG has faced significant declines, ranging from 40% to 75% from its peaks. However, despite these recent setbacks, CMG has maintained a strong long-term upward trend. The strong performance in 2023 and 2024 indicates that the current correction may not lead to a complete reversal of its trend. The stock has initial support around $47-$48, with additional support levels at $43-$45. Given the recent pullback, there may be a buying opportunity with potential upside of 20-30% over the next six months. A target price range for the stock could be between $62 and $69.
NYSE:CMGLong
by Quantific-Solutions
$CMG top in?As you can see on the weekly chart, we had a deviation above resistance and now look to be closing below it. Typically, that's an extremely bearish pattern. Since the covid low, we've largely seen Chipotle go straight up and now I think we're about to see it go straight down. Ichi also showing exhaustion signs. I'd expect to see a bottom sometime between now and mid-next year down below the $24 range. My base case is that we bottom before the end of the year, but the move can extend into next year. Let's see what happens.
NYSE:CMGShort
by benjihyam
2