In the fast-paced world of stock trading, few names evoke the kind of sizzle that Chipotle Mexican Grill (NYSE: NYSE:CMG ) does. With its recent first-quarter earnings report exceeding expectations, NYSE:CMG stock is once again on investors' radar for all the right reasons.
Chipotle ( NYSE:CMG ) reported 27% surge in earnings to $13.37 per share, easily...
CMG catapulted after the best earnings beat with an excessive and overextending move to the
upper bounds of the widening wedge pattern and beyond the third upper VWAP band on
this 30 minute chart. It did have a corresponding leap in volume. However, I expect a
retracement into the 3020 level based on the Fibonacci tool. This is about a 5-6% downside.
I will...
Anything near the $3000 mark is getting a beat down. We currently have a pennant pattern in the making. However recent price action suggests this stock has been manipulated go higher then selling off nearing that $3000 mark price.
This suggests institutions are looking for liquidity to exit .
Overbought on the weekly time-frame and daily.
I expect a...
CMG has announced a split. Makes sense to make shares more affordable but fractionals are
widely available. CMG may be fundamentally challenged by the underpinnings of the fast food
markets. that is overeating and rising prices. In the meanwhile the anti-obesity and anti-
diabetes trends are pushing hard led by the bological injectable meds from LLY, NVO...
In a groundbreaking move reflecting its soaring market success, Chipotle Mexican Grill ( NYSE:CMG ) has announced its first-ever stock split, igniting excitement among investors and signaling a new era of accessibility for potential shareholders. The decision, approved by the company's board, comes as Chipotle's shares continue to reach unprecedented highs, with...
CMG on the weekly chart has been uptrending for a year after being rangebound sideways for a
year. It has seen a volume spike and corresponding price action with the current earnings beat
Price rose 60% in the past year and 16% YTD. This is not linear and nor is it parabolic.
The MACD supports the bullish momentum observation in the price action while the RS...
NYSE:CMG Year to date Chipotle is on an absolute tear. As of writing this post, it is up 58% YTD totaling +$848 per share.
Due to its share price, it has a low daily trading volume and wide bid-ask spread making it a more risky trade.
Since 10/25/23 it has been on a straight line up after retesting the 200-day moving average.
RSI is currently at 80.77...
Analyzing the options chain and the chart patterns of CMG Chipotle Mexican Grill prior to the earnings report this week,
I would consider purchasing the 1720usd strike price Puts with
an expiration date of 2024-1-19,
for a premium of approximately $59.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of...
Could we go to the moon from here? Absolutely.
However, on the monthly chart we are bouncing off of what has historically been a long-term resistance level, ORANGE (with few exceptions--any trip above is short-lived).
I'm not sure we're heading back to YELLOW unless something extreme happens, but this PURPLE line is looking great as the 'near-term' support level...
For the three months ending in June 2023, the average restaurant sales of $2.94M were up 7.1% from June 2022 ($2.74M) and 32.4% from the end of 2019 ($2.22M).
The California-based restaurant chain is expected to report $43.38 in EPS for the current fiscal year ending in Dec 2023. The company registers $40.02 in Diluted EPS on a trailing twelve months ending in...
If we can beak this entry line we have a chance to catch a nice bill paying trade for some small traders out there. Exit would be the weekly 50 EMA as the nearest support. For smaller accounts just buy the put option closes to the exit as you can get it.. Always wait for the break of the entry line.
CMG had earnings today which were a beat but apparently less than expectations
of investors and traders. On the 15-minute chart, the indicators support a reversal
with a bounce on the dual time frame RS lines showing a bit of bullish divergence.
Decelerating bearish momentum on the MACD with lines converging under the histogram
suggests a reversal is...
retest this high. clear the previous highs.
This is not a financial advice, if you like trading stocks you can have this.
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Chipotle shares is likely to continue its bullish bias throughout the year reaching a price target of 2500 by the end of this year. Support is seen between 2000 and 2050 however if CMG stock price falls below a zone between 1970 and 2000, it would be a signal of more downside risk.
