Chipotle Mexican Grill(CMG)

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

Auto-detected technical analysis for CMG · data as of Jul 22, 2026. The chart above is live; the read below updates daily.

$32.20last close · Jul 22, 202652-week range $28.04 – $53.03 · 39.28% below the high

Rising Wedge · playing out now

CMG is breaking out above a rising wedge — these usually break lower, so a push higher instead is a notably bullish turn.

On this chart, setups like it have followed through about 46% of the time.

As long as price stays above $33.00, the setup is intact — a daily close back below there is the cue to step away.

A natural first target sits near $41.05 — but moves like this often run further. The simple way to follow the rest is to stay with the 10-day average, and only step aside when a day closes below it.

CMG Rising Wedge Pattern

CMG is currently forming a rising wedge on the daily timeframe. Detected Jul 22, 2026.

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

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

How Rising Wedges Have Performed

Win rate

50.4%

Avg return

+0.20R

Backtested trades

10,660

CMG win rate

46.2%

Historical pattern statistics (1987-01-30 – 2026-07-13), 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.

Pattern	Entry	Exit	Outcome	Result
Triangle	Mar 5, 2026 @ $36.40	Mar 12, 2026 @ $33.15	Win	+9.8% · +1.68R
Rising Wedge	Jun 24, 2025 @ $54.20	Jul 24, 2025 @ $45.74	Loss	+14.2% · -2.00R
Triangle	Jun 5, 2025 @ $52.54	Jul 24, 2025 @ $45.74	Loss	+16.9% · -1.78R
Triangle	May 21, 2025 @ $51.00	Jun 20, 2025 @ $52.78	Loss	+13.9% · -1.06R
Rising Wedge	Oct 30, 2024 @ $57.36	Oct 31, 2024 @ $55.40	Win	+8.4% · +0.50R
Rising Wedge	Oct 1, 2024 @ $57.17	Oct 14, 2024 @ $59.28	Loss	+13.5% · -1.15R
Triangle	Sep 13, 2024 @ $56.54	Dec 17, 2024 @ $64.29	Win	+13.9% · +2.00R
Triangle	Jun 13, 2024 @ $64.66	Jul 2, 2024 @ $61.40	Loss	+11.6% · -1.08R
Bullish Pennant	Jun 28, 2023 @ $41.85	Jul 27, 2023 @ $37.66	Loss	+6.2% · -2.68R
Triangle	Jul 20, 2022 @ $27.06	Aug 22, 2022 @ $32.79	Win	+15.1% · +2.39R
Falling Wedge	Jul 5, 2022 @ $26.74	Jul 12, 2022 @ $25.23	Loss	+13.0% · -1.13R
Falling Wedge	Mar 15, 2022 @ $30.35	May 9, 2022 @ $25.53	Loss	+29.3% · -1.00R

Recent Rising Wedges on Other Charts

LINstopped −4.3%Jul 21, 2026 EWstopped −7.5%Jul 20, 2026 SPGIstopped −8.3%Jul 16, 2026 BROhit target +6.9%Jul 15, 2026

Learn about rising wedge

CMG Support and Resistance Levels

Nothing notable near price right now — the chart is quiet on the weekly view, and that's perfectly normal.

Much of the time charts simply drift between levels; the best reads are worth waiting for.
Keep an eye out for price approaching a floor (where it tends to steady) or a ceiling (where it tends to stall) — that's usually where the next readable move begins.

CMG Recent Daily Prices

Date	Open	High	Low	Close
Jul 22, 2026	$33.37	$33.37	$31.88	$32.20
Jul 21, 2026	$32.55	$33.69	$32.21	$33.32
Jul 20, 2026	$34.15	$34.16	$32.73	$33.13
Jul 17, 2026	$34.72	$35.47	$34.31	$34.44
Jul 16, 2026	$34.61	$34.92	$33.91	$34.20
Jul 15, 2026	$36.77	$36.77	$34.55	$34.63
Jul 14, 2026	$36.60	$37.09	$36.21	$36.43
Jul 13, 2026	$36.13	$37.07	$36.02	$36.63
Jul 10, 2026	$34.96	$35.78	$34.65	$35.25
Jul 9, 2026	$33.43	$34.62	$33.00	$34.60

CMG Frequently Asked Questions

What chart pattern is CMG forming right now?

As of Jul 22, 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 (10,660 trades over 628 symbols), it resolved in the expected direction 50.4% of the time with an average of +0.20R. These are historical statistics, not a prediction.

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 Jul 22, 2026?

Chipotle Mexican Grill (CMG) last closed at $32.20 on Jul 22, 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.