USA - New York Stock Exchange - NYSE:CAVA - US1489291021 - Common Stock
Taking everything into account, CAVA scores 6 out of 10 in our technical rating. CAVA has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
CAVA has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
60.16
When analyzing the support we notice one important area.
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 | NEUTRAL | NEUTRAL | The long term trend for CAVA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CAVA is up. |
| ChartMill Relative Strength | 18 | NEGATIVE | CAVA has a low relative strength, it was outperformed by 82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CAVA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CAVA is above the rising 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) | 79.34 | OVERBOUGHT | The high RSI value suggests CAVA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.24 | POSITIVE | The MACD value suggests CAVA has a positive trend. |
| Stochastics (14,3) | 94.58 | OVERBOUGHT | The high Stochastics value suggests CAVA may be overbought. |
| Average True Range in percent/ATR (20) | 3.6 | MEDIUM VOLATILITY | The ATR as a percentage value for CAVA suggests some volalility. |
| Average Directional Index/ADX (14) | 38.31 | POSITIVE | The high ADX value value for CAVA suggests a strong trend. |
70.86
+1.26 (+1.81%)
ChartMill assigns a technical rating of 6 / 10 to CAVA.
The current trend direction for CAVA GROUP INC (CAVA) is Bearish.
CAVA GROUP INC (CAVA) has an RSI value of 79.3445. This indicates that the stock is currently overbought.
The short term momentum for CAVA GROUP INC (CAVA) is positive.