CAVA GROUP INC (CAVA) Stock Technical Analysis
USA - NYSE:CAVA - US1489291021 - Common Stock
62.29 USD
-0.57 (-0.91%)
62.6996 USD
+0.41 (+0.66%)
We assign a technical rating of 0 out of 10 to CAVA. CAVA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
96% of all other stocks performed better in the past year than CAVA.
CAVA is one of the lesser performing stocks in the Hotels, Restaurants & Leisure industry. 81% of 134 stocks in the same industry do better.
CAVA is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month CAVA has a been trading in the 58.33 - 67.45 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
CAVA has an average volume of 4938860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, CAVA does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
61.52
82.15
When analyzing the support we notice one important area.
- Support @62.14 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 62.88 to 63.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 65.03 to 65.60. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 67.04 to 67.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @81.34 from a trend line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for CAVA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CAVA is down. |
| ChartMill Relative Strength | 4.46 | NEGATIVE | CAVA has a low relative strength, it was outperformed by 95.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CAVA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CAVA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CAVA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.25 | NEUTRAL | The RSI value for CAVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests CAVA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.66 | NEUTRAL | The Stochastics value for CAVA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.6 | MEDIUM VOLATILITY | The ATR as a percentage value for CAVA suggests some volalility. |
| Average Directional Index/ADX (14) | 18.25 | NEGATIVE | The low ADX value for CAVA suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
62.29
-0.57 (-0.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-0.91%
1 Week-1.64%
2 Weeks-2.37%
1 Month-4.94%
3 Month-29.23%
6 Month-31.4%
12 Month-54.23%
2 Year97.18%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.82
ATR(20)%4.6%
ATR Inc-34.56%
Range Today2.11
ADR(20)2.79
ADR(20)%4.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.46
Mansfield-4.18
10 Day High66.85
10 Day Low61.41
20 Day High67.45
20 Day Low58.33
52 Week High172.43
52 Week Low58.33
CS1 End62.14
CR1 Start62.88
Volume & EV
DER(3)-4.69%
DER(5)-2.61%
Volume2.10M
Volume Incr-35.11%
Vol(5)2.78M
Vol(50)4.94M