CAVA GROUP INC (CAVA) Stock Technical Analysis
NYSE:CAVA - New York Stock Exchange, Inc. - US1489291021 - Common Stock - Currency: USD
Taking everything into account, CAVA scores 0 out of 10 in our technical rating. 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.
93% of all other stocks performed better in the past year than CAVA.
CAVA is part of the Hotels, Restaurants & Leisure industry. There are 131 other stocks in this industry, of which 81% 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 65.70 - 93.69 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
CAVA has an average volume of 4910440 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of CAVA is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
68.24
89.97
3 important resistance areas can be observed.
- A resistance zone ranging from 82.59 to 83.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 85.42 to 86.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @89.08 from a trend line in the weekly 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 | 7.27 | NEGATIVE | CAVA has a low relative strength, it was outperformed by 92.73% 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) | 30.81 | NEUTRAL | The RSI value for CAVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.1 | NEGATIVE | The MACD value suggests CAVA has a negative trend. |
| Stochastics (14,3) | 18.81 | OVERSOLD | The low Stochastics value suggests CAVA may be oversold. |
| Average True Range in percent/ATR (20) | 6.11 | HIGH VOLATILITY | The high ATR as a percentage value for CAVA suggests high volalility. |
| Average Directional Index/ADX (14) | 18.24 | 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)
68.93
-1.52 (-2.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-2.16%
1 Week-22.46%
2 Weeks-21.68%
1 Month-20.56%
3 Month-28.8%
6 Month-47.41%
12 Month-30.35%
2 Year55.21%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.62
ATR(20)%6.11%
ATR Inc204.51%
Range Today3.49
ADR(20)3.17
ADR(20)%4.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.27
Mansfield-4.16
10 Day High90.35
10 Day Low65.7
20 Day High93.69
20 Day Low65.7
52 Week High172.43
52 Week Low65.7
CS1 EndN/A
CR1 Start82.59
Volume & EV
DER(3)-0.59%
DER(5)-1.37%
Volume12.34M
Volume Incr387.1%
Vol(5)15.14M
Vol(50)4.91M