CMG Stock Chipotle Mexican Grill (CMG, $56.93) entered a bearish trend. Expect a Downtrend continuation

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CMG - Chipotle Mexican Grill

Bearish Trend Signal

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Odds of DOWN Trend

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Price: $56.93

Daily change: -$1.57 (-2.68%)

Daily volume: 10.2M

Capitalization: $78B

Industry: Restaurants

CMG in -4.11% downward trend, declining for three consecutive days on November 05, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where CMG declined for three days, in of 266 cases, the price declined further within the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 69 cases where CMG's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 12, 2024. You may want to consider a long position or call options on CMG as a result. In of 76 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for CMG just turned positive on November 12, 2024. Looking at past instances where CMG's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .

CMG moved above its 50-day moving average on November 06, 2024 date and that indicates a change from a downward trend to an upward trend.

The 50-day moving average for CMG moved above the 200-day moving average on November 12, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CMG advanced for three days, in of 350 cases, the price rose further within the following month. The odds of a continued upward trend are .

CMG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 333 cases where CMG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CMG’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (22.124) is normal, around the industry mean (10.170). P/E Ratio (54.448) is within average values for comparable stocks, (56.999). Projected Growth (PEG Ratio) (2.030) is also within normal values, averaging (1.762). CMG has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.037). P/S Ratio (7.364) is also within normal values, averaging (8.691).