CAVA Technical Analysis - CAVA GROUP INC

Technical Rating and Analysis

Overall CAVA gets a technical rating of 0 out of 10. 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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

95% of all other stocks performed better in the past year than CAVA.

CAVA is part of the Hotels, Restaurants & Leisure industry. There are 134 other stocks in this industry, of which 79% are performing better than CAVA.

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 60.81 - 68.20 range, which is quite wide. It is currently trading near the lows of this range.

CAVA has an average volume of 4652370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CAVA GROUP INC / CAVA Weekly stock chart

Setup Rating and Analysis

CAVA has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 62.60, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

61.76

86.36

We found 1 important support area.

A support zone ranging from 62.38 to 62.60. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 4 important areas.

A resistance zone ranging from 62.62 to 64.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @65.53 from a horizontal line in the daily time frame.
A resistance zone ranging from 73.57 to 73.90. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @85.50 from a trend line in the weekly time frame.

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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	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	5.6	NEGATIVE	CAVA has a low relative strength, it was outperformed by 94.4% 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)	35.71	NEUTRAL	The RSI value for CAVA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.5	POSITIVE	The MACD value suggests CAVA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	26.55	NEUTRAL	The Stochastics value for CAVA is a neutral value.
Average True Range in percent/ATR (20)	3.44	MEDIUM VOLATILITY	The ATR as a percentage value for CAVA suggests some volalility.
Average Directional Index/ADX (14)	37.28	POSITIVE	The high ADX value value for CAVA suggests a strong trend.