Nov. 13 at 2:36 AM
$CAVA is currently trading at
$49.25, significantly below its 30-day moving average (MA30) of
$59.47 and 50-day moving average (MA50) of
$61.20, indicating a bearish trend. The RSI is at 14.55, suggesting that the stock is oversold, which could signal a potential reversal or bounce. However, the stock is also near its 60-day low of
$45.57, which may act as a support level.
Given the current metrics, the directional bias is bearish in the short term, but the extreme RSI indicates a possible short-term recovery. Suggested entry is around
$46.00, just above the 60D low. Set a stop loss at
$44.50 to manage risk. For targets, consider
$50.00 as the first target, aligning with psychological resistance, and
$52.00 as a second target, near the MA30.
Monitor the price action closely for any signs of reversal.
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