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Takip Edin: @UscMarketsCMG Stock Forecast & Chipotle Mexican Grill Chart Analysis
This article provides a detailed analysis of CMG-Chipotle Mexican Grill stock including a forecast for CMG shares. It features Chipotle Mexican Grill, Inc. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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CMG Historical Data Review
CMG Current Price Performance Analysis
The Chipotle Mexican Grill - CMG stock traded on the American stock market, on 06-05-2024, closed at 3147.98$ with a %2.24 increased compared to the previous day.
In the last month, the price of CMG changed by %-1.60 decreased in value, from 3199.1 dollars on 05-06-2024 to 3147.98 dollars, decreased.
Last year, the price of CMG was 2058.12 dollars on 06-06-2023, and changed by %52.95 increased in value, to 3147.98 dollars increased within a year.
The price of Chipotle Mexican Grill stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.
CMG with AI Stock Forecast & Price Target
On the CMG chart Chipotle Mexican Grill price was recorded as 3147.98 Dollars on 06/05/2024.
The artificial intelligence's forecast on CMG stock is as follows.
The artificial intelligence's prediction error margin for CMG stock is moderately high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Chipotle Mexican Grill stock over the next 4 months is: 3907.9 Dollars.
The commentary on CMG stock Target Price: Highest: 4323.89 Dollars is predicted.
The commentary on CMG stock Target Price: Lowest: 3298.068 Dollars is predicted.
Resistance Price where Chipotle Mexican Grill stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 07-15-2024 | 3927.781 |
| 10-28-2024 | 4323.890 |
| 02-10-2025 | 3830.577 |
Support Price where Chipotle Mexican Grill stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-14-2024 | 3832.460 |
| 01-21-2025 | 3772.263 |
| 03-27-2025 | 3522.963 |
The commentary on CMG stock: Fluctuations in the target price can be expected in the coming days.
The target price for Chipotle Mexican Grill stock by the end of 2024 is predicted to be 3995.141 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on CMG stock, and the 2024 target price predictions for Chipotle Mexican Grill are detailed above.
The technical analysis and charts for the commentary on CMG stock are below.
CMG Support & Resistance and Trend Analysis
CMG stock you have reviewed the technical analysis support resistance charts regarding.
CMG : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the CMG review, the Chipotle Mexican Grill support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Chipotle Mexican Grill Support and Resistance Prices:
| CMG Support Level Price | CMG Resistance Level Price |
|---|---|
| 2204.09 | 2348.42 |
| 2254.16 | 2725.83 |
| 2557.64 | 2813.99 |
| 2614.98 | 3001.04 |
| 2846.18 | 3023.98 |
| 2850.00 | 3199.99 |
| 3029.64 | 3242.66 |
| 3118.33 | 3260.00 |
| 3130.44 |
CMG Technical Analysis: SMA, RSI, MACD
Upon reviewing the CMG chart, buy and sell signals have been generated in the Chipotle Mexican Grill technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for CMG stock are as follows:- The technical analysis for Chipotle Mexican Grill indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Chipotle Mexican Grill stock: Click here to read more predictions on Duke Energy Corporation stock.
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