CMG Price Prediction Next Week
Technical Analysis:
Based on the latest price action, CMG is showing bearish momentum after closing at $56.70 on Friday, down 1.49% . The stock is currently trading below both its 20-day moving average of $58.40 and 200-day moving average of $59.15, indicating a short-term downtrend.
The RSI(14) reading of 39.74 suggests the stock is approaching oversold territory but hasn't reached extreme levels yet. The MACD indicator shows a bearish signal with a reading of -1.27, confirming the current downward momentum.
Fibonacci Analysis:
- Resistance levels: R1 at $58.55, R2 at $59.45, R3 at $60.91
- Support levels: S1 at $55.64, S2 at $54.74, S3 at $53.29
- Pivot point: $57.10
News Sentiment Analysis: Recent positive catalysts include:
- Strong fundamental momentum rating of 94% from Validea's Twin Momentum Investor model
- Price increases of about 2% on proteins at approximately 20% of U.S. locations, showing pricing power
However, negative factors include:
- Overall market uncertainty ahead of major tech earnings and Fed meeting next week
- Consumer discretionary sector facing some headwinds
Price Prediction for Next Week: Based on technical indicators and Fibonacci levels:
- Bearish scenario (60% probability): Stock likely to test S1 support at $55.64
- Most likely target: $55.50-$56.00 range
- Stop loss should be placed at R1 $58.55
Trading Recommendation: SELL
- Entry point: Current market price ($56.70)
- Target: $55.50
- Stop loss: $58.55
- Risk/Reward ratio: 1:1.2
The bearish momentum and technical indicators suggest further downside potential in the short term. Traders should wait for a clear break above $58.55 before considering long positions.
CMG Similar Chart Price Prediction
The price of CMG is predicted to go up 19.02%, based on the high correlation periods with MED. The similarity of these two price pattern on the periods is 98.59%.
CMG
MED
Up: 19.02%Similarity: 98.59%
CMG Revenue Forecast
CMG EPS Forecast
CMG FAQs
What is revenue forecast for next quarter？
What is eps forecast for next quarter？
CMG VS S&P500
Accelerated digital adoption during the pandemic supercharged Chipotle's loyalty program, which should continue to drive increased order frequency and reduce customer churn.
Chipotlanes should position the brand to better compete with quick-service rivals while opening up new trade areas. They're in 25% of the existing store footprint and in 80% of new unit openings.
The firm remains behind its 2014 throughput high-water marks, suggesting that recent operational initiatives targeting transaction capacity could provide a durable, multiyear lever for growth.
CMG Analyst's Forecast
Jeffrey Bernstein
Barclays
Hold
Price Target
$60 → $63
Upside
+8.64%
Barclays raised the firm's price target on Chipotle to $63 from $60 and keeps an Equal Weight rating on the shares as part of a 2025 outlook for the U.S. restaurants. The firm expects "more of the same" at the start of 2025 for the restaurants, with discretionary continuing to outperform. Industry comps have accelerated of late, with the consumer strengthening, compares are easing, and confidence is improving, the analyst tells investors in a research note. Barclays thinks growth to prevail over value, led by fast casual, with comps and inflation "moving favorably."
Logan Reich
RBC Capital
Buy
Price Target
$70 → $75
Upside
+16.66%
Jake Bartlett
Truist Securities
Strong Buy
Price Target
$72 → $74
Upside
+15.82%