CMG stock forecast and price prediction

CMG stock price: $1,816.26 -1.03% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021


CMG forecast brief

  • Chipotle sliced a -1.03% after making all-time highs on Tuesday
  • On July 21 broke out above its latest top at $1,579.52
  • Chipotle made public its earnings report on July 20
  • Chipotle Mexican Grill, Inc., together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants.

Chipotle stock price forecast

Nobody can predict how much a share will be priced in the future. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.

Along with buy or sell recommendations, brokerage institutions release their price predictions based on the stock price action and the company fundamental data. Most of these estimates follow the publication of new financial data by the company, and usually. Again, these estimates are not direct recommendations for small investors and must not be followed blindly.

We don't have any target price posted in the previous 4 weeks for Chipotle.

Analysts recommendations

In the previous month we couldn't find any rating for Chipotle

Earnings and financials

On July 20, Chipotle Mexican Grill, Inc. ($CMG) posted adjusted EPS for that improved Market expectations. Quarterly EPS was $7.46 per share versus the estimated $6.52. This quarterly report represents an earnings surprise of 14.42%.

Same quarter one year ago, reported EPS was $5.36, so current EPS is an increase of 39.18%. Sales exploded a 38.67% on an annualized basis in the , from $13.6B to $18.9B last quarter.

CMG ($CMG) is hosting the earnings call next October. Market forecasts of $6.26, compared to Q1 that was $7.46.

Chipotle stock: buy or sell?

Is $CMG stock a buy?

Chipotle had no ratings in the last 4 weeks Read the article to get additional tips on trading CMG stock.

In the current situation of Chipotle there is not any eligible buy setup. This doesn't mean $CMG will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Chipotle?

Currently, Chipotle stock doesn't match any of our preferred sell setups, so if you hold Chipotle shares and your operation is in profit probably is not time to sell now

Chipotle stock technical predictions

$CMG at Highs

Chipotle did it again, and reached new all-time highs (ATH) on Tuesday at $1,841.52. Stock cracked new all-time highs 4 times in the last 10 sessions

SMAs overview

CMG stock SMAs chart

Supports and resistances

Price is at all-time highs and there are not upper resistance levels.

The current supports are:

  • S1: $1,579.52 (-13.03% below)
  • S2: $1,564.91 (-13.84% below)
  • S3: $1,511.00 (-16.81% below)
  • Bollinger bands

    Since the price surpassed the upper band on Tuesday, the price dropped by 1.37%. The price is moving near to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a sell signal, as price can move in these levels for many days and weeks

    CMG stock Bollinger Bands chart

    Relative strength index

    Crossed over the 70 level Wednesday, marking a value of 75.32. Breaking out above the overvalued zone is not a bearish signal, as shares can climb during several weeks being in the overbought zone

    CMG stock RSI chart

    Chipotle stock price history

    Chipotle started trading on Jan 26th, 2006 at $45.00 per share1. Since then, CMG stock has risen by 3,936.13%, with an average of 262.41% per year. If you had invested $1,000USD in Chipotle stock on Jan 2006, it would have a value of $40,361.33 today.

    1: Adjusted price after possible price splits or reverse-splits

    CMG stock price history chart

    Important note:
    The comments expressed in this post are personal and not recommendations for you to buy or sell shares. The author of this report does not have any knowledge of the specific conditions of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are expressed for general educational reasons only

    CMG summary

    Wednesday, July 28th, 2021
    Day range$1798.41 - $1834.24
    Previous close$1835.12
    Session gain-1.03%
    Average true range$72.74
    50d mov avg$1,481.40
    100d mov avg$1,467.54
    200d mov avg$1,420.90
    Earnings dateOctober 19th, 2021

    Frequently asked questions

    What is Chipotle stock symbol?

    Chipotle Mexican Grill, Inc. is a public company trading in the US stock market with the CMG symbol

    Will CMG go up?

    There were no price targets issued by analysts in the last 30 days for Chipotle.