CAVA GROUP INC. - Daily - Technical analysis published on 10/08/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
28%
17%
My opinion
Bullish above 128.79 USD
My targets
143.50 USD (+8.48%)
155.19 USD (+17.31%)
My analysis
CAVA GROUP INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 128.79 USD. The next resistance located at 143.50 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 155.19 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
7
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAVA GROUP INC. price is 132.29 USD. The price registered an increase of +4.99% on the session and was between 126.70 USD and 132.43 USD. This implies that the price is at +4.41% from its lowest and at -0.11% from its highest.126.70
132.43
132.29
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of CAVA GROUP INC. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 10 are bullish, 3 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 77.82 | 95.37 | 128.79 | 132.29 |
| Change (%) | -41.17% | -27.91% | -2.65% | - |
| Change | -54.47 | -36.92 | -3.50 | - |
| Level | Intermediate | Intermediate | Major | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 120.62 | 122.71 | 124.36 | 126.45 | 128.10 | 130.19 | 131.84 |
| Camarilla | 124.97 | 125.31 | 125.66 | 126.00 | 126.34 | 126.69 | 127.03 |
| Woodie | 120.39 | 122.60 | 124.13 | 126.34 | 127.87 | 130.08 | 131.61 |
| Fibonacci | 122.71 | 124.14 | 125.03 | 126.45 | 127.88 | 128.77 | 130.19 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 110.65 | 114.63 | 120.62 | 124.60 | 130.59 | 134.57 | 140.56 |
| Camarilla | 123.86 | 124.77 | 125.69 | 126.60 | 127.51 | 128.43 | 129.34 |
| Woodie | 111.65 | 115.13 | 121.62 | 125.10 | 131.59 | 135.07 | 141.56 |
| Fibonacci | 114.63 | 118.44 | 120.80 | 124.60 | 128.41 | 130.77 | 134.57 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 90.66 | 100.48 | 112.17 | 121.99 | 133.68 | 143.50 | 155.19 |
| Camarilla | 117.94 | 119.91 | 121.88 | 123.85 | 125.82 | 127.79 | 129.77 |
| Woodie | 91.59 | 100.95 | 113.10 | 122.46 | 134.61 | 143.97 | 156.12 |
| Fibonacci | 100.48 | 108.70 | 113.78 | 121.99 | 130.21 | 135.29 | 143.50 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 67.19 | |
| MACD (12,26,9): | 3.8400 | |
| Directional Movement: | 7.06 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 128.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 129.89 | |
| Elder Ray (13): | 2.16 | |
| Super Trend (3,10): | 115.98 | |
| Zig ZAG (10): | 126.00 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 54.72 | |
| TEMA (21): | 127.76 | |
| Williams %R (14): | -44.09 | |
| Chande Momentum Oscillator (20): | 1.39 | |
| Repulse (5,40,3): | -0.1700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.6400 | |
| Courbe Coppock: | 3.26 |
| MA7: | 124.36 | |
| MA20: | 124.64 | |
| MA50: | 109.87 | |
| MA100: | 98.40 | |
| MAexp7: | 125.18 | |
| MAexp20: | 122.80 | |
| MAexp50: | 112.89 | |
| MAexp100: | 100.69 | |
| Price / MA7: | +6.38% | |
| Price / MA20: | +6.14% | |
| Price / MA50: | +20.41% | |
| Price / MA100: | +34.44% | |
| Price / MAexp7: | +5.68% | |
| Price / MAexp20: | +7.73% | |
| Price / MAexp50: | +17.18% | |
| Price / MAexp100: | +31.38% |
Quotes :
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15 min delayed data
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NYSE Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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