CAVA GROUP INC (CAVA) Stock Technical Analysis
USA - NYSE:CAVA - US1489291021 - Common Stock
Taking everything into account, CAVA scores 0 out of 10 in our technical rating. CAVA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of CAVA is bad and it also does not present a quality setup 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
48.14
We found 1 important support area.
- Support @48.63 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 56.84 to 57.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @59.76 from a trend line in the daily time frame.
- Resistance @65.53 from a horizontal line in the daily time frame.
- Resistance @78.51 from a trend line in the daily time frame.
- Resistance @94.99 from a horizontal 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 | 3.78 | NEGATIVE | CAVA has a low relative strength, it was outperformed by 96.22% 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) | 28.54 | OVERSOLD | The low RSI value suggests CAVA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.79 | NEGATIVE | The MACD value suggests CAVA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.9 | OVERSOLD | The low Stochastics value suggests CAVA may be oversold. |
| Average True Range in percent/ATR (20) | 5.68 | HIGH VOLATILITY | The high ATR as a percentage value for CAVA suggests high volalility. |
| Average Directional Index/ADX (14) | 33.61 | POSITIVE | The high ADX value value for CAVA suggests a strong trend. |
48.75
-0.5 (-1.02%)
CAVA GROUP INC / CAVA FAQ
What is the ChartMill technical rating of CAVA GROUP INC (CAVA) stock?
ChartMill assigns a technical rating of 0 / 10 to CAVA.
Can you provide the trend direction for CAVA GROUP INC?
The current trend direction for CAVA GROUP INC (CAVA) is Bearish.
What is the RSI signal for CAVA GROUP INC (CAVA) stock?
CAVA GROUP INC (CAVA) has an RSI value of 28.542. This indicates that the stock is currently oversold.
What is the MACD signal for CAVA stock?
The MACD indicator for CAVA GROUP INC (CAVA) has a value of -0.788606, indicating a bearish trend.
What is the short term momentum for CAVA GROUP INC (CAVA) stock?
The short term momentum for CAVA GROUP INC (CAVA) is negative.