CAVA GROUP INC (CAVA) Stock Technical Analysis
NYSE:CAVA - New York Stock Exchange, Inc. - US1489291021 - Common Stock - Currency: USD
Overall CAVA gets a technical rating of 2 out of 10. CAVA has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
CAVA is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
CAVA is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 70% of 136 stocks in the same industry.
In the last month CAVA has a been trading in the 70.00 - 93.95 range, which is quite wide. It is currently trading near the high of this range.
CAVA has an average volume of 4087890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, CAVA turns out to be only a medium performer in the overall market: it outperformed 52% of all stocks.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CAVA has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 92.44. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 88.20, a Stop Loss order could be placed below this zone.
More info and screens
73.33
132.34
5 important support areas can be observed.
- A support zone ranging from 86.00 to 88.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @84.00 from a trend line in the daily time frame.
- Support @80.37 from a horizontal line in the daily time frame.
- Support @77.61 from a trend line in the weekly time frame.
- Support @74.07 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 92.44 to 93.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @121.76 from a trend line in the weekly time frame.
- Resistance @131.03 from a trend line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.26
Mansfield-1.22
10 Day High93.95
10 Day Low78.03
20 Day High93.95
20 Day Low70
52 Week High172.43
52 Week Low70
Performance
1 Week6.92%
2 Weeks4.64%
1 Month6%
3 Month-31.56%
6 Month-29.73%
12 Month28.07%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)1.29
RSI(14)55.32
LBB80.68
UBB95.78
92.43
+0.52 (+0.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg0.57%
1 Week6.92%
2 Weeks4.64%
1 Month6%
3 Month-31.56%
6 Month-29.73%
12 Month28.07%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.91
ATR(20)%7.29%
ATR Inc-28.22%
Range Today5.31
ADR(20)5.82
ADR(20)%6.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.26
Mansfield-1.22
10 Day High93.95
10 Day Low78.03
20 Day High93.95
20 Day Low70
52 Week High172.43
52 Week Low70
CS1 End88.2
CR1 Start92.44
Volume & EV
DER(3)-1.4%
DER(5)-0.92%
Volume2.24M
Volume Incr-46.33%
Vol(5)2.22M
Vol(50)4.09M