CAVA GROUP INC (CAVA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CAVA - US1489291021 - Common Stock
Taking everything into account, CAVA scores 1 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.
CAVA has a poor technical rating and the quality of the setup is also only medium 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
46.74
We found 2 important support areas.
- A support zone ranging from 52.29 to 52.64. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @47.21 from a horizontal line in the weekly time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 52.75 to 53.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 54.50 to 55.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @65.53 from a horizontal line in the daily time frame.
- Resistance @72.79 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 | NEUTRAL | NEUTRAL | The short term trend for CAVA is neutral. |
| ChartMill Relative Strength | 7.36 | NEGATIVE | CAVA has a low relative strength, it was outperformed by 92.64% 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 | 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) | 51.2 | NEUTRAL | The RSI value for CAVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.86 | POSITIVE | The MACD value suggests CAVA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.67 | NEUTRAL | The Stochastics value for CAVA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.56 | MEDIUM VOLATILITY | The ATR as a percentage value for CAVA suggests some volalility. |
| Average Directional Index/ADX (14) | 22.31 | NEUTRAL | The ADX value for CAVA suggests a possible start of a new trend. |
52.65
-0.44 (-0.83%)
CAVA GROUP INC / CAVA FAQ
What is the ChartMill technical rating of CAVA GROUP INC (CAVA) stock?
ChartMill assigns a technical rating of 1 / 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 51.2048. 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 0.863457, 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 neutral.