Long-Term Target Analysis for Mondelēz International (MDLZ):Bullish Long-Term Scenario:
If MDLZ reverses course and breaks above the $60.50-$65.00 resistance zone, a long-term bullish trajectory could emerge. Historical price action and Fibonacci projections suggest:
First bullish target: $67.00, the 200-day EMA level and a previous key resistance point.
Second bullish target: $73.00-$75.00, near its 2023 highs, which aligns with a 127.2% Fibonacci extension and analyst estimates for a recovery.
A longer-term breakout above $75.00 could target $85.00-$90.00, contingent on strong earnings growth, favorable market conditions, and a shift in sentiment.
Bullish Long-Term Target: $75.00, with an extended target of $90.00 in a strong recovery scenario.