RSI Flashes Caution as CMG Extends to $37.81
BearishChipotle 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.