Volatility Contraction Sets Up CMG Move Near $36.49
Chipotle Mexican Grill Inc (CMG) closed down 0.33% at $36.49 on February 25.
Key indicators suggest a bearish bias:
Moving Averages
Bearish EMA structure persists with price below the 9-day ($37.41) and 21-day ($37.99).
Momentum
RSI at 42.1 is neutral but weakening. MACD is bearish (-0.44 vs signal -0.20).
Volatility
A 19-day TTM Squeeze suggests volatility is coiled and a breakout may be imminent.
Traders are watching $35.87 on the downside and $40.62 on the upside.
