Chipotle (CMG) stock has recently dropped from its peak of $56.92, breaking below its previous quarterly low and showing a decline in short-term momentum. This decline suggests that the stock has lost some of the gains it accumulated since 2023. Historically, CMG has faced significant declines, ranging from 40% to 75% from its peaks.
However, despite these recent setbacks, CMG has maintained a strong long-term upward trend. The strong performance in 2023 and 2024 indicates that the current correction may not lead to a complete reversal of its trend.
The stock has initial support around $47-$48, with additional support levels at $43-$45. Given the recent pullback, there may be a buying opportunity with potential upside of 20-30% over the next six months. A target price range for the stock could be between $62 and $69.
However, despite these recent setbacks, CMG has maintained a strong long-term upward trend. The strong performance in 2023 and 2024 indicates that the current correction may not lead to a complete reversal of its trend.
The stock has initial support around $47-$48, with additional support levels at $43-$45. Given the recent pullback, there may be a buying opportunity with potential upside of 20-30% over the next six months. A target price range for the stock could be between $62 and $69.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.