RSI CMG

The Relative Strength Index (RSI) for Chipotle Mexican Grill (CMG) as of August 14, 2024, is 35.65. The RSI is a technical analysis tool used to measure the speed and change of price movements. An RSI below 30 is typically considered oversold, indicating a stock may be undervalued and due for a price increase. Conversely, an RSI above 70 is considered overbought, suggesting that a stock may be overvalued and due for a price correction. |Ticker|Name|Date|RSI|code|market_code| |---|---|---|---|---|---| |CMG.N|Chipotle Mexican|20240814|35.6540|CMG|169| For CMG, the RSI is below the oversold threshold, which could imply that the stock may be undervalued or that there is a lack of positive momentum. However, it's important to note that the RSI should not be used in isolation when making investment decisions. It should be combined with other fundamental and technical analysis indicators to provide a more comprehensive view of the stock's performance and potential.