CMG Weekly Technical Analysis
Chipotle Mexican Grill
Fast-casual restaurant chain serving customizable Mexican-inspired meals.
CMG Technical Analysis Summary
CMG is currently experiencing a vigorous short-term counter-trend rally after bottoming near $28 following a devastating multi-month sell-off. While short-term momentum is decisively bullish, supported by rising RSI and a positive MACD crossover, the long-term technical picture remains heavily damaged. The overarching trend is bearish, confirmed by price trading well below a 'death cross' of the 50-week and 200-week SMAs. This rally will likely face its first true test of sustainability as it approaches the heavy resistance zone in the $43-$44 area.
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CMG Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price has rebounded sharply from a major low, reclaimed the 20-week SMA, and momentum indicators are positive with RSI rising from oversold levels and MACD showing a bullish crossover with expanding positive histogram.
Long-term Sentiment (weeks to months): Bearish
Despite the recent counter-trend rally, the broader trend is down. Price remains significantly below the declining 50-week SMA and the 200-week SMA, with a bearish 'death cross' having recently occurred between these two key moving averages.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-02-21T18:36:51.636Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $36.50 | $36.00 - $37.00 | Weak | Immediate support at the rising 20-week SMA (middle Bollinger Band). |
| $29.00 | $28.00 - $30.00 | Strong | Recent major swing low and the origin of the current strong bounce. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $43.50 | $43.00 - $44.00 | Strong | Major resistance zone created by the confluence of the declining 50-week SMA and the 200-week SMA. |
| $49.00 | $48.00 - $50.00 | Strong | Previous major structural support that was broken, now acting as significant overhead resistance. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Counter-trend Rally / Oversold Bounce | Bullish | $43.50 | A sharp V-shaped recovery following a severe, capitulation-style sell-off that pushed RSI well below 30. Momentum is carrying price upward toward major resistance levels. |
| Strong | Major Top Breakdown | Bearish | N/A | A massive topping structure formed over a year, which broke down violently below the 48-50 level, initiating the current long-term bear phase. This dictates the overarching negative context. |
Frequently Asked Questions about CMG
What is the current sentiment for CMG?
The short-term sentiment for CMG is currently Bullish because Price has rebounded sharply from a major low, reclaimed the 20-week SMA, and momentum indicators are positive with RSI rising from oversold levels and MACD showing a bullish crossover with expanding positive histogram.. The long-term trend is classified as Bearish.
What are the key support levels for CMG?
StockDips.AI has identified key support levels for CMG at $36.50 and $29.00. These levels may represent potential accumulation zones where buying interest could emerge.
Is CMG in a significant dip or a Value Dip right now?
CMG has a Value Score of 41/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.