Resistance

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Chipotle Mexican Grill, Inc. stock added over $510 to its trading price in Year-to-Date time frame.&nbsp;</a> </li> 
 <li> <span>2</span> <a>In the weekly time frame, CMG stock lost approximately 2.20% of its trading price.</a> </li> 
 <li> <span>3</span> <a>On September 21 2023, CMG stock opened below its previous trading price and lost $27 in two hours of trading.</a> </li> 
</ul> 
<p>CMG stock added $549.35 to its trading price in the Year-to Date time frame. On January 3 2023, Chipotle Mexican Grill, Inc. stock was trading at $1371.13, which is around 40.07% less than its current trading price.</p> 
<h2 class="wp-block-heading" id="strong-chipotle-mexican-grill-inc-cmg-stock-price-analysis-strong"><strong>Chipotle Mexican Grill, Inc. (CMG) Stock Price Analysis&nbsp;</strong></h2> 
<p>On September 21, CMG stock opened below its previous closing and after trading for 30 minutes, it lost $24.72 of its trading value.</p> 
<p>In the 52 weeks time frame, CMG stock peaked at $2175.01 and its lowest trading price was $1344.05. The annual price target of Chipotle stock is $2176.57 which is around 14.73% greater than its press time trading price.</p> 
<p>Chipotle Mexican Grill, Inc. has a market capitalization of $52.416 Billion. Data from companiesmarketcap(dot)com shows that a surge of 36.52% is seen in the trading price in 2023 compared to that in 2022.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large is-resized">
  <img decoding="async" loading="lazy" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-653-1024x551.png" alt="After Adding 38% YTD, CMG Stock Aims to Break $2000 Hurdle" class="wp-image-170144" style="width: 100%;height:551px" width="1170" height="551">
  <figcaption class="wp-element-caption">
   Source: CMG stock price chart from <a href="https://www.tradingview.com/x/gDKQA8H1/">TradingView&nbsp;</a>
  </figcaption>
 </figure>
</div> 
<p>The MACD line seems to be intersecting the signal line just above the zero line and no significant selling pressure is seen. As per market analyst a surge in CMG stock trading price might be seen in the coming sessions.</p> 
<p>If bulls succeed in taking over the control from bears then it is expected that CMG stock price might face the immediate resistance of $1943.85 possibly following resistance of $1975.15.&nbsp;</p> 
<p>In a different scenario, if sellers continue to dominate, a steep decline in the Chipotle stock is expected. The nearest visible support levels are $1872.64 &amp; $1841.17.&nbsp;</p> 
<p>On July 27 2023, CMG stock lost $204.88 of its trading price amid sustained selling pressure.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-chipotle-mexican-grill-inc-financial-updates-strong"><strong>Chipotle Mexican Grill, Inc. Financial Updates</strong></h3> 
<p>The estimated revenue of <a href="https://www.thecoinrepublic.com/2023/09/19/will-amc-stock-break-the-consolidating-range-and-retest-8/">Chipotle Mexican Grill, Inc</a> was $2.53 Billion; however the company failed to meet the expectations and reported less revenue than estimated.&nbsp;</p> 
<p>Despite negative revenue, the reported EPS of the company surged over 2.50% compared to the estimated figure. The estimated EPS for the third quarter is positive $10.55 and revenue is $2.48 Billion.&nbsp;</p> 
<p>In 2022, the company reported $8.63 Billion from which its gross profit was 21% and net income was 10%.</p> 
<p>It is important to note that <a href="https://www.thecoinrepublic.com/2023/09/19/will-amc-stock-break-the-consolidating-range-and-retest-8/">Chipotle Mexican Grill, Inc</a> stock lost 2.44% of its trading value in the weekly time frame and 6.95% in the quarterly time frame.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels: $1872.64 &amp; $1841.17</p> 
<p>Resistance Levels: $1943.85 &amp; $1975.17</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong>: </h4> 
<p>CMG stock recorded a $549 uptick in trading price in the Year-to-Date time frame. However, in the weekly and quarterly time frame, Chipotle stock lost 2.44% &amp; 6.95%, respectively. As per market analysts, chances of a surge are likely if the stock succeeds in breaking the consolidation range of $2000.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

After Adding 38% YTD, CMG Stock Aims to Break $2000 Hurdle

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