Chipotle Mexican GrillCMG

Chipotle Mexican Grill (CMG) chart patterns, support & resistance & technical analysis

Auto-detected technical analysis for CMG · data as of Sep 3, 2026. The chart above is live; the read below updates daily.

$37.78last close · Sep 3, 202652-week range $28.04 – $42.81 · 11.76% below the high

CMG rising wedge pattern

CMG is currently forming a rising wedge on the daily timeframe. Detected Sep 3, 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%).

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 triangle trade

CMG's most recent completed triangle resolved as a win: it broke down on Jun 1, 2026 near $31.21, then reached its target at $28.96 on Jun 3, 2026 — a 7.2% move (+1.07R) over 2 sessions. Across 174,297 backtested triangles, this setup wins 40.8% of the time.

OutcomeWinResult+7.2%R+1.07REntry$31.21Exit$28.96

Learn about triangle

CMG pattern trade history

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

PatternEntryExitOutcomeResult
TriangleJun 1, 2026 @ $31.21Jun 3, 2026 @ $28.96Win+7.2% · +1.07R
Falling wedgeMay 18, 2026 @ $33.22Jun 1, 2026 @ $32.00Loss+6.4% · -0.98R
TriangleMar 6, 2026 @ $35.77Mar 12, 2026 @ $33.30Win+6.9% · +0.97R
TriangleMar 3, 2026 @ $35.63Mar 12, 2026 @ $32.64Win+8.4% · +1.11R
TriangleOct 3, 2025 @ $41.19Oct 13, 2025 @ $40.12Loss+1.2% · -0.44R
Falling wedgeJun 16, 2025 @ $52.83Jul 8, 2025 @ $55.49Win+4.3% · +0.93R
Falling wedgeApr 25, 2025 @ $51.07Jul 8, 2025 @ $55.49Win+9.1% · +1.55R
Falling wedgeMar 7, 2025 @ $48.17Jul 31, 2025 @ $43.08Win+10.6% · +0.45R
TriangleFeb 18, 2025 @ $55.87Feb 19, 2025 @ $54.13Win+3.1% · +0.47R
Rising wedgeDec 4, 2024 @ $63.99Dec 31, 2024 @ $60.15Loss+7.7% · -1.07R
Rising wedgeDec 4, 2024 @ $64.13Dec 31, 2024 @ $60.15Loss+9.7% · -1.07R
TriangleJun 3, 2024 @ $61.83Jun 3, 2024 @ $60.88Win+1.5% · +0.31R

Rising wedge examples on other charts

Historical examples from the published simulation. This selection is not a win-rate sample.

Learn about rising wedge

CMG support and resistance levels

Price found a floor near $31.61 about 3 weeks ago and has been climbing since. On the weekly chart, the next ceiling overhead sits near $110.49 — still about 192% away.

  • Traders commonly watch $110.49 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 $31.61 floor about 3 weeks ago, when price bounced there, but price has already pulled higher. What's left is the climb playing out, not a fresh starting point.

CMG recent daily prices

DateOpenHighLowClose
Sep 3, 2026$38.87$38.92$37.69$37.78
Sep 2, 2026$37.69$38.87$37.69$38.52
Sep 1, 2026$38.13$38.36$37.40$37.51
Aug 31, 2026$37.42$38.23$37.42$38.03
Aug 28, 2026$37.60$38.26$37.53$38.03
Aug 27, 2026$37.10$37.38$36.50$37.22
Aug 26, 2026$37.20$37.72$36.78$37.34
Aug 25, 2026$37.99$38.24$37.43$37.43
Aug 24, 2026$36.50$38.11$36.35$38.02
Aug 21, 2026$35.69$36.90$35.40$36.90

CMG frequently asked questions

What chart pattern is CMG forming right now?
As of Sep 3, 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.
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 Sep 3, 2026?
Chipotle Mexican Grill (CMG) last closed at $37.78 on Sep 3, 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.