CAVA GROUP INC (CAVA) Technical Analysis
NYSE:CAVA • US1489291021
Current stock price
CAVA Technical Rating and Analysis
Taking everything into account, CAVA scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, CAVA has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- CAVA is part of the Hotels, Restaurants & Leisure industry. There are 126 other stocks in this industry. CAVA outperforms 81% of them.
- CAVA is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month CAVA has a been trading in the 72.63 - 98.79 range, which is quite wide. It is currently trading near the high of this range.
- CAVA has an average volume of 3355290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that CAVA is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CAVA Weekly and Daily overview Charts
CAVA Setup Rating and Analysis
Although CAVA has an excellent technical rating, it does not present a decent entry opportunity 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
CAVA Support and Resistance Analysis
77.16
2 important support areas can be observed.
- Support @82.50 from a trend line in the daily time frame.
- Support @77.94 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 96.76 to 97.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
CAVA Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for CAVA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CAVA is up. |
| ChartMill Relative Strength | 80.74 | POSITIVE | CAVA has a high relative strength, it outperformed 80.74% 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) | UP | POSITIVE | The current price of CAVA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.22 | OVERBOUGHT | The high RSI value suggests CAVA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.16 | POSITIVE | The MACD value suggests CAVA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.22 | OVERBOUGHT | The high Stochastics value suggests CAVA may be overbought. |
| Average True Range in percent/ATR (20) | 4.47 | MEDIUM VOLATILITY | The ATR as a percentage value for CAVA suggests some volalility. |
| Average Directional Index/ADX (14) | 24.64 | NEUTRAL | The ADX value for CAVA suggests a possible start of a new trend. |
CAVA Chart- and CandleStick Pattern Analysis
CAVA Technicals: Chart, Performance Metrics, Trend & Indicators
96.75
+0.48 (+0.5%)
CAVA GROUP INC / CAVA TA FAQ
What is the ChartMill technical rating of CAVA GROUP INC (CAVA) stock?
ChartMill assigns a technical rating of 9 / 10 to CAVA.
What is the trend direction for CAVA stock?
The current trend direction for CAVA GROUP INC (CAVA) is Bullish.
Can you provide the RSI signal for CAVA GROUP INC?
CAVA GROUP INC (CAVA) has an RSI value of 70.2151. This indicates that the stock is currently overbought.
Can you provide the MACD signal for CAVA GROUP INC?
The MACD indicator for CAVA GROUP INC (CAVA) has a value of 1.16057, indicating a bullish trend.
What is the short term momentum for CAVA stock?
The short term momentum for CAVA GROUP INC (CAVA) is positive.