CAVA GROUP INC (CAVA) Stock Technical Analysis
NYSE:CAVA - New York Stock Exchange, Inc. - US1489291021 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to CAVA. Although CAVA is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
CAVA is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
CAVA is part of the Hotels, Restaurants & Leisure industry. There are 136 other stocks in this industry. CAVA outperforms 79% of them.
CAVA has an average volume of 3953490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, CAVA did better than 84% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
In the last month CAVA has a been trading in the 70.00 - 93.73 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, CAVA does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 75.19, a Stop Loss order could be placed below this zone.
More info and screens
73.33
134.00
We found 1 important support area.
- A support zone ranging from 74.07 to 75.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @90.07 from a horizontal line in the weekly time frame.
- Resistance @91.95 from a horizontal line in the daily time frame.
- Resistance @124.53 from a trend line in the weekly time frame.
- Resistance @132.67 from a trend line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.87
Mansfield-1.35
10 Day High93.41
10 Day Low70
20 Day High93.73
20 Day Low70
52 Week High172.43
52 Week Low58.22
Performance
1 Week-3.12%
2 Weeks2.16%
1 Month1.58%
3 Month-27.26%
6 Month-36.46%
12 Month44.13%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)1.08
RSI(14)47.43
LBB76.27
UBB95.28
86
+0.44 (+0.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg0.51%
1 Week-3.12%
2 Weeks2.16%
1 Month1.58%
3 Month-27.26%
6 Month-36.46%
12 Month44.13%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)7.41
ATR(20)%7.7%
ATR Inc-47.17%
Range Today2.94
ADR(20)5.73
ADR(20)%6.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.87
Mansfield-1.35
10 Day High93.41
10 Day Low70
20 Day High93.73
20 Day Low70
52 Week High172.43
52 Week Low58.22
CS1 End75.19
CR1 Start90.07
Volume & EV
DER(3)0.44%
DER(5)0.33%
Volume1.92M
Volume Incr-58.58%
Vol(5)1.92M
Vol(50)3.95M