CAVA GROUP INC (CAVA) Stock Technical Analysis
NYSE:CAVA - US1489291021 - Common Stock
66.63 USD
+0.67 (+1.02%)
66.52 USD
-0.11 (-0.17%)
Overall CAVA gets a technical rating of 0 out of 10. CAVA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
93% of all other stocks performed better in the past year than CAVA.
CAVA is one of the lesser performing stocks in the Hotels, Restaurants & Leisure industry. 79% of 134 stocks in the same industry do better.
CAVA is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
CAVA is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
CAVA has an average volume of 4851610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
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
64.80
88.16
We found 2 important support areas.
- Support @66.62 from a horizontal line in the weekly time frame.
- Support @65.45 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 66.64 to 66.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 80.22 to 80.33. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @83.83 from a trend line in the daily time frame.
- Resistance @87.29 from a trend 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 | 7.2 | NEGATIVE | CAVA has a low relative strength, it was outperformed by 92.8% 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) | 35.52 | NEUTRAL | The RSI value for CAVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests CAVA has a positive trend. |
| Stochastics (14,3) | 20.71 | NEUTRAL | The Stochastics value for CAVA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.06 | HIGH VOLATILITY | The high ATR as a percentage value for CAVA suggests high volalility. |
| Average Directional Index/ADX (14) | 37.95 | POSITIVE | The high ADX value value for CAVA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
66.63
+0.67 (+1.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg1.02%
1 Week-2.32%
2 Weeks-1.04%
1 Month-25.05%
3 Month-15.69%
6 Month-20.79%
12 Month-42.62%
2 Year117.53%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.26
ATR(20)%5.06%
ATR Inc-31.59%
Range Today2.1
ADR(20)2.7
ADR(20)%4.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.2
Mansfield-4.18
10 Day High69.87
10 Day Low65.03
20 Day High88.47
20 Day Low65.03
52 Week High172.43
52 Week Low65.03
CS1 End66.62
CR1 Start66.64
Volume & EV
DER(3)4.95%
DER(5)0.56%
Volume3.00M
Volume Incr-52.02%
Vol(5)3.02M
Vol(50)4.85M