RSI Flashes Caution as CMG Extends to $37.81

Chipotle Mexican Grill Inc (CMG) closed down 0.24% at $37.81 on December 27.

Technical indicators paint a bullish picture:

• Moving Averages: Price trades above the 9-day EMA ($37.15) with a bullish stack. The 21-day EMA at $35.82 provides support.
• Momentum: RSI at 78.7 is in overbought territory, suggesting potential near-term exhaustion. MACD is bullish (1.01 vs signal 0.62).
• Volatility: Bollinger Band width at 18.5% indicates normal volatility.

While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.

Key levels to watch: Support at $32.32, Resistance at $38.93.