US stock / ETF

Chipotle Mexican Grill, Inc.

CMG · NYSE · USD

3 monthsRange53%
3M Range probability 94%Range

CMG 3M chart

EMA21EMA50Bollinger
----

Market View

Market Shift

3M: price is above EMA21, short trend is constructive

Confirmation Trigger

Break either side of $8.3 - $69.26 with volume.

Invalidation Trigger

A trend close outside the ATR band changes the range thesis.

Market Context

Trend PhaseRange
Sideways Structure

Price is above EMA21

3M
Momentum StateBullish
Momentum improving

RSI 51.8, MACD --

3M
Volatility EnvironmentBearish
High volatility

ATR is $12.18 (32.17%)

3M

EMA Structure

Range
EMA 8$40.47Bearish
EMA 21$37.82Bullish
EMA 50--Range

Signals

CategoryReadStrength
Momentum
RSI 51.8 · MACD --

Neutral zone

Strength
Bullish
Volatility
ATR $12.18 · BB 109.33%

High volatility

Strength
Bearish
Volume
MFI 37.2 · OBV -53.45%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$8.3 - $69.26

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+115.16% · 3.6 ATR above latest close

$81.44
Nearest resistance

+82.99% · 2.6 ATR above · 29-bar high

$69.26
Current price

Price shown is delayed

$37.85
Nearest support

-78.07% · 2.4 ATR below · 29-bar low

$8.3
Deeper support zone

-110.24% · 3.4 ATR below latest close

-$3.88
ATR zone

Latest close ± ATR14

$25.67 - $50.03

Indicators

Trend

Dow Theory Structure

Confirmation $28.04, invalidation $58.42

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

36.4 / 23.8 / 21.6Bullish
Supertrend (10,3)

Price is above Supertrend

-$2.31Bullish
Ichimoku Cloud

Cloud Span A / Span B

$44.01 / --Bearish
Donchian Channel (20)

20-period breakout channel position

31%Range

Volatility

ATR (14)

High volatility

$12.18 (32.17%)Bearish
Bollinger Bands (20,2)

Width 109.33%

41%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$63.52 / $13.4Bearish
ATR channel lower / upper

Current Volatility Envelope

$25.67 / $50.03Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$69.26Range
Support

Nearest Downside Decision Level

$8.3Range

Momentum

RSI (14)

Neutral zone

51.8Range
MACD (12,26,9)

Histogram is negative

--Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

23.8 / 17.6Bullish
Williams %R (14)

Neutral zone

-76.2Range
CCI (20)

Balanced zone

-37.7Range
TD Sequential

Setup is not extreme

buy 7Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

37.2Bearish
OBV slope

20-period OBV slope

-53.45%Bearish
Volume ratio

Relative to 20-period average volume

0.36xBearish

Trend

Dow Theory Structure

Confirmation $28.04, invalidation $58.42

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

36.4 / 23.8 / 21.6Bullish
Supertrend (10,3)

Price is above Supertrend

-$2.31Bullish
Ichimoku Cloud

Cloud Span A / Span B

$44.01 / --Bearish
Donchian Channel (20)

20-period breakout channel position

31%Range

Momentum

RSI (14)

Neutral zone

51.8Range
MACD (12,26,9)

Histogram is negative

--Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

23.8 / 17.6Bullish
Williams %R (14)

Neutral zone

-76.2Range
CCI (20)

Balanced zone

-37.7Range
TD Sequential

Setup is not extreme

buy 7Bullish

Volatility

ATR (14)

High volatility

$12.18 (32.17%)Bearish
Bollinger Bands (20,2)

Width 109.33%

41%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$63.52 / $13.4Bearish
ATR channel lower / upper

Current Volatility Envelope

$25.67 / $50.03Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

37.2Bearish
OBV slope

20-period OBV slope

-53.45%Bearish
Volume ratio

Relative to 20-period average volume

0.36xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$69.26Range
Support

Nearest Downside Decision Level

$8.3Range

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