CAVA GROUP INC (CAVA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CAVA - US1489291021 - Common Stock
We assign a technical rating of 2 out of 10 to CAVA. Recently some decent action could be observed, but in the medium term time frame this is still negative. CAVA was also a bad performer in the overall market in the last year.
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.
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51.39
We found 2 important support areas.
- A support zone ranging from 53.14 to 54.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 51.91 to 52.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 56.92 to 56.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @71.69 from a trend line in the daily 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 | UP | POSITIVE | The short term trend for CAVA is up. |
| ChartMill Relative Strength | 10.24 | NEGATIVE | CAVA has a low relative strength, it was outperformed by 89.76% 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) | DOWN | MIXED | The current price of CAVA is above 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) | 62.8 | NEUTRAL | The RSI value for CAVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.7 | POSITIVE | The MACD value suggests CAVA has a positive trend. |
| Stochastics (14,3) | 80.68 | OVERBOUGHT | The high Stochastics value suggests CAVA may be overbought. |
| Average True Range in percent/ATR (20) | 4.49 | MEDIUM VOLATILITY | The ATR as a percentage value for CAVA suggests some volalility. |
| Average Directional Index/ADX (14) | 19.77 | NEGATIVE | The low ADX value for CAVA suggests a weak or negative trend. |
56.91
+0.87 (+1.55%)
CAVA GROUP INC / CAVA FAQ
What is the ChartMill technical rating of CAVA GROUP INC (CAVA) stock?
ChartMill assigns a technical rating of 2 / 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 62.8002. This indicates that the stock is currently neutral.
What is the MACD signal for CAVA stock?
The MACD indicator for CAVA GROUP INC (CAVA) has a value of 0.700236, 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 positive.