Chipotle Mexican Grill (CMG) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for CMG · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$33.82last close · Aug 4, 202652-week range $28.04 – $44.27 · 23.61% below the high

CMG Rising Wedge Pattern

CMG is currently forming a rising wedge on the daily timeframe. Detected Aug 4, 2026.

A rising wedge usually breaks lower, but CMG is breaking higher out of it instead — a notably bullish turn. A breakout projects a measured-move target near $41.05 (+19.0%). Across 9,519 backtested rising wedges, the setup followed through 50.0% of the time, averaging +0.19R; CMG's own rising wedges have hit 58.3%.

DirectionBullishTarget$41.05Projected move+19.0%Breakout level$35.68

New to this pattern? What a rising wedge is and how to trade it →

CMG's Most Recent Rising Wedge Trade

CMG's most recent completed rising wedge (which broke against type) resolved as a loss: it broke higher on Jul 13, 2026 near $36.13, then was stopped out at $32.20 on Jul 22, 2026 — a -1.26R move (10.9%) over 7 sessions. Across 73 backtested rising wedges, this setup wins 52.1% of the time.

OutcomeLossResult-1.26REntry$36.13Exit$32.20

Learn about rising wedge

How Rising Wedges Have Performed

Win rate
50.0%
Avg return
+0.19R
Backtested trades
9,519
CMG win rate
58.3%

Historical pattern statistics (2006-08-04 – 2026-08-04), not a prediction.

How these backtests work →

CMG Pattern Trade History

Every completed pattern trade our nightly backtest found on CMG's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Rising WedgeJul 13, 2026 @ $36.13Jul 22, 2026 @ $32.20Loss-1.26R
TriangleJun 26, 2026 @ $32.58Aug 4, 2026 @ $33.82Win+0.59R
Falling WedgeApr 1, 2026 @ $32.42Apr 23, 2026 @ $33.90Win+0.81R
TriangleMar 5, 2026 @ $36.40Mar 12, 2026 @ $33.11Win+1.70R
Rising WedgeJun 24, 2025 @ $54.20Jul 24, 2025 @ $45.74Loss-2.00R
Falling WedgeApr 24, 2025 @ $49.54Jul 7, 2025 @ $55.46Win+1.36R
TriangleDec 4, 2024 @ $63.03Dec 30, 2024 @ $60.09Loss-1.12R
TriangleNov 22, 2024 @ $60.33Dec 17, 2024 @ $64.29Win+1.49R
Rising WedgeOct 30, 2024 @ $57.36Oct 31, 2024 @ $55.69Win+0.43R
Rising WedgeOct 1, 2024 @ $57.17Oct 14, 2024 @ $59.28Loss-1.15R
TriangleSep 13, 2024 @ $56.55Dec 17, 2024 @ $64.29Win+1.98R
TriangleJun 13, 2024 @ $64.66Jul 2, 2024 @ $61.40Loss-1.08R

CMG Support and Resistance Levels

Price is bouncing off a floor near $32.40 and starting to climb. On the weekly chart, the next ceiling overhead sits near $108.77 — about 222% away.

  • Traders commonly watch $108.77 as a target (its 200% extension) — think of it as a sensible next stop, not a guarantee.
  • That ceiling is the first place the climb might pause — worth watching how price behaves as it gets there.
  • There's nothing to act on here — the spot to watch was the $32.40 floor about a week ago, when price bounced there, but price has already pulled higher. What's left is the climb playing out, not a fresh starting point.

Nearest auto-detected support sits near $31.26, resistance near $107.69. These are chart/swing-derived levels, not formula pivots.

Resistance
$107.69
Support
$31.26$29.92$29.62$28.85$28.79$28.46

CMG Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$37.46$37.65$33.79$33.82
Aug 3, 2026$38.35$38.35$36.87$37.46
Jul 31, 2026$37.97$38.45$37.18$37.22
Jul 30, 2026$36.64$39.09$36.25$38.52
Jul 29, 2026$33.65$34.51$33.61$34.24
Jul 28, 2026$33.81$34.16$33.10$33.51
Jul 27, 2026$32.90$33.38$32.51$33.20
Jul 24, 2026$32.45$32.45$31.58$31.79
Jul 23, 2026$31.74$32.24$31.47$32.01
Jul 22, 2026$33.37$33.37$31.88$32.20

CMG Frequently Asked Questions

What chart pattern is CMG forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a rising wedge on Chipotle Mexican Grill (CMG) on the daily chart, with a measured-move target of $41.05.
Is a rising wedge bullish or bearish?
The rising wedge detected on CMG is a bullish pattern, projecting a measured-move target of $41.05. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a rising wedge pattern, and what is its win rate?
Across TradingPal's backtest of the rising wedge family (9,519 trades over 631 symbols), it resolved in the expected direction 50.0% of the time with an average of +0.19R. These are historical statistics, not a prediction.
What are the support and resistance levels for CMG?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), CMG's nearest support is around $31.26 and nearest resistance around $107.69.
What is the price target if CMG's pattern breaks out?
The detected rising wedge has a geometry-based measured-move target of $41.05 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was CMG's closing price on Aug 4, 2026?
Chipotle Mexican Grill (CMG) last closed at $33.82 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.