CAVA GROUP INC (CAVA) Technical Analysis
NYSE:CAVA • US1489291021
Current stock price
CAVA Technical Rating and Analysis
Taking everything into account, CAVA scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CAVA is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- CAVA is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 92% of 126 stocks in the same industry.
- CAVA is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CAVA is performing more or less in line with the market.
- In the last month CAVA has a been trading in the 66.15 - 91.83 range, which is quite wide. It is currently trading near the high of this range.
- CAVA has an average volume of 3688370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, CAVA did better than 86% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CAVA Weekly and Daily overview Charts
CAVA Setup Rating and Analysis
Although CAVA has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
CAVA Support and Resistance Analysis
66.61
When analyzing the support we can see 3 important areas.
- Support @77.07 from a horizontal line in the daily time frame.
- Support @70.27 from a trend line in the daily time frame.
- Support @67.28 from a trend line in the daily time frame.
CAVA Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CAVA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CAVA is up. |
| ChartMill Relative Strength | 86.94 | POSITIVE | CAVA has a high relative strength, it outperformed 86.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CAVA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CAVA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CAVA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.6 | NEUTRAL | The RSI value for CAVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.57 | POSITIVE | The MACD value suggests CAVA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.51 | OVERBOUGHT | The high Stochastics value suggests CAVA may be overbought. |
| Average True Range in percent/ATR (20) | 5.57 | HIGH VOLATILITY | The high ATR as a percentage value for CAVA suggests high volalility. |
| Average Directional Index/ADX (14) | 30.01 | POSITIVE | The high ADX value value for CAVA suggests a strong trend. |
CAVA Chart- and CandleStick Pattern Analysis
CAVA Technicals: Chart, Performance Metrics, Trend & Indicators
87.64
-1.29 (-1.45%)
CAVA GROUP INC / CAVA TA FAQ
What is the ChartMill technical rating of CAVA GROUP INC (CAVA) stock?
ChartMill assigns a technical rating of 9 / 10 to CAVA.
What is the trend direction for CAVA stock?
The current trend direction for CAVA GROUP INC (CAVA) is Bullish.
What is the RSI signal for CAVA stock?
CAVA GROUP INC (CAVA) has an RSI value of 65.6018. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CAVA GROUP INC?
The short term momentum for CAVA GROUP INC (CAVA) is positive.
What is the buy/sell signal for CAVA stock?
The buy/sell signal for CAVA GROUP INC (CAVA) is buy as both the short term and long term trends are positive.