Chipotle Mexican Grill, Inc. (NYSE:CMG)’s Pivot Points Reaching Notable Levels: 1Mo Woodie reaches 615.5375

Investors are constantly trying to set themselves up for success when dealing with the stock market. This may mean tracking the market from a variety of alternate angles. Keeping tabs on the overall economic climate can help provide valuable insight. Taking a look at the bigger picture can help investors filter down and sort out issues at the sector and individual company level. Making sense of the seemingly endless amount of data can be quite a challenge for the investor. Once investors become familiar with the data, they can start to devise a plan to help use the information to their advantage. Even though thousands of investors will have access to the same set of data, learning how to trade the data can be extremely important. 

Shifting the technical focus to Keltner Channels, we see that the 20 day upper envelope is 628.3318 on shares of Chipotle Mexican Grill, Inc. (NYSE:CMG). The 20 day lower envelope is currently 616.9539. Traders may be watching for a breakthrough of the higher or lower Keltner bands.

Traders using technical analysis may be employing moving average indicators to assist with gauging a certain market move or to indicate its strength. Many traders will rely on the EMA or Exponential Moving Average to accomplish this. Checking on some recent levels we can see that the 10 day EMA is 631.12384, the 20 day is 622.6428, and the 30 day is 615.4613. Pulling back a bit, we note that the 100 day EMA is 567.3939, the 50 day is 600.48737, and the 200 day EMA is 528.4164.

A good way for investors to understand stock price movements is to look at how it has performed at various intervals in the past. Tracking shares of Chipotle Mexican Grill, Inc. (NYSE:CMG), we see that the most recent close price was 642.33
Year-to-date: 48.77371
Prior week: 5.391039
Prior month: 8.208402
Last 6 months:31.575283
Last 3 months: 35.99873

Traders use pivot point analysis to help determine key levels where a stock price may react. Tracking these turn around levels may help the trader while attempting stock analysis. Looking at some current one month pivots, we note that the Fibonacci pivot is 614.93 while the Fibonacci support 1 pivot is 608.6385, and the Fibonacci support 2 is 604.7515. Checking on the one month Woodie pivot, we note the level at 615.5375. The Woodie support 1 pivot is 608.795, and the Woodie resistance 1 pivot is 625.265.

Following recent trading activity, we note that Chipotle Mexican Grill, Inc. (NYSE:CMG) has seen a move of 0.18560688% since the open. The prior close was 642.33 and the one month high price is currently 642.93. 

After a recent check, we see that the Bull Bear Power reading is 27.306637. Moving to some volatility readings, we see that the current value is 1.1850803. Looking out for the week, volatility is 1.6423781. For the previous month, volatility is at 1.5550572. Investors often track volatility across sectors to compare with the overall volatility in the market.

Investors are always striving to make wiser decisions when it comes to handling the markets. There are so many options available, and that can make things more complex. Beginning with a solid approach can help ease the investor’s initial foray into the stock market. Accumulating market knowledge may take a lot of time and effort. Many investors may find out the hard way that there is no easy way to beat the markets. Many investors are teased with investment tips from friends or colleagues. It can be very tempting to take advice from someone who has a track record of beating the market. However, the old saying remains the same; past results may not indicate future results. Investors may find that doing their own research can provide a huge boost to portfolio performance.

Investors might be looking around every corner when analyzing shares of Chipotle Mexican Grill, Inc. (NYSE:CMG). Many investors will closely track a stock when it nears a major historical high or low point. Let’s take a quick peek at some major historical highs and lows for the stock:

All time high: 758.61
All time low: 36.86
52 week high: 642.93
52 week low: 307.7
6 month high: 642.93
6 month low: 383.2
3 month high: 642.93
3 month low: 383.2
One month high: 642.93
One month low: 592.73