US stock / ETF

Chipotle Mexican Grill, Inc.

CMG · NYSE · USD

4 hoursRange47%
4h Range probability 94%Range

CMG 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

4h: price is above EMA21, short trend is constructive

Confirmation Trigger

Break either side of $28.04 - $33.45 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

4h
Momentum StateRange
Momentum mixed

RSI 51.1, MACD -0.084

4h
Volatility EnvironmentRange
Medium volatility

ATR is $0.7507 (2.38%)

4h

EMA Structure

Range
EMA 8$31.51Bullish
EMA 21$31.48Bullish
EMA 50$31.59Bearish

Signals

CategoryReadStrength
Momentum
RSI 51.1 · MACD -0.084

Neutral zone

Strength
Range
Volatility
ATR $0.7507 · BB 10.53%

Medium volatility

Strength
Range
Volume
MFI 40.7 · OBV -15.93%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$28.04 - $33.45

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+8.28% · 3.5 ATR above latest close

$34.2
Nearest resistance

+5.91% · 2.5 ATR above · 34-bar high

$33.45
Current price

Price shown is delayed

$31.58
Nearest support

-11.23% · 4.7 ATR below · 34-bar low

$28.04
Deeper support zone

-13.6% · 5.7 ATR below latest close

$27.28
ATR zone

Latest close ± ATR14

$30.83 - $32.33

Indicators

Trend

Dow Theory Structure

Confirmation $32.81, invalidation $30.45

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is active

37.8 / 21.9 / 27.5Bearish
Supertrend (10,3)

Price is above Supertrend

$29.09Bullish
Ichimoku Cloud

Cloud Span A / Span B

$31.35 / $30.99Bullish
Donchian Channel (20)

20-period breakout channel position

49%Range

Volatility

ATR (14)

Medium volatility

$0.7507 (2.38%)Range
Bollinger Bands (20,2)

Width 10.53%

44%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$33.05 / $29.93Range
ATR channel lower / upper

Current Volatility Envelope

$30.83 / $32.33Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$33.45Range
Support

Nearest Downside Decision Level

$28.04Range

Momentum

RSI (14)

Neutral zone

51.1Range
MACD (12,26,9)

Histogram is negative

-0.084Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

37.7 / 31.8Bullish
Williams %R (14)

Neutral zone

-62.3Range
CCI (20)

Balanced zone

-21.2Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

40.7Bearish
OBV slope

20-period OBV slope

-15.93%Bearish
Volume ratio

Relative to 20-period average volume

0.67xBearish

Trend

Dow Theory Structure

Confirmation $32.81, invalidation $30.45

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is active

37.8 / 21.9 / 27.5Bearish
Supertrend (10,3)

Price is above Supertrend

$29.09Bullish
Ichimoku Cloud

Cloud Span A / Span B

$31.35 / $30.99Bullish
Donchian Channel (20)

20-period breakout channel position

49%Range

Momentum

RSI (14)

Neutral zone

51.1Range
MACD (12,26,9)

Histogram is negative

-0.084Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

37.7 / 31.8Bullish
Williams %R (14)

Neutral zone

-62.3Range
CCI (20)

Balanced zone

-21.2Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volatility

ATR (14)

Medium volatility

$0.7507 (2.38%)Range
Bollinger Bands (20,2)

Width 10.53%

44%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$33.05 / $29.93Range
ATR channel lower / upper

Current Volatility Envelope

$30.83 / $32.33Range

Volume / Money Flow

MFI (14)

Money flow is weak

40.7Bearish
OBV slope

20-period OBV slope

-15.93%Bearish
Volume ratio

Relative to 20-period average volume

0.67xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$33.45Range
Support

Nearest Downside Decision Level

$28.04Range

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