CAVA Group, Inc. stock rallies on earnings beat, but downtrend persists below $65
CAVA Group, Inc. stock closed at $60.81 on 11 August, pinned below every major moving average in a clear downtrend. After the bell, fiscal Q2 2026 results beat revenue expectations and shares jumped after hours. A technically broken chart now faces a fundamentally improved narrative.
Key takeaways
- CAVA Group, Inc. stock closed at $60.81, below the 20-day EMA at $65.33, the 50-day at $70.70, and the 200-day at $73.83.
- Daily RSI at 35.39 reflects persistent selling pressure without reaching capitulation.
- A fiscal Q2 2026 revenue beat ignited an after-hours rally, challenging the bearish technical structure.
- Support sits at $59.69โ$59.77; a decisive break would confirm trend continuation.
- Bulls must reclaim $61.19โ$62.24 on real volume to shift the market bias.
The Daily Chart Still Commands the Bearish Bias for CAVA Group, Inc. Stock
The daily chart remains firmly bearish. Price sits below all three major moving averages in textbook distribution. No reversal signal has yet confirmed. The honest starting point is that the trend structure remains bearish until proven otherwise. Price sits under the 20-day EMA at $65.33, the 50-day at $70.70, and the 200-day at $73.83. Short-term averages are below medium-term, which are below long-term. That is textbook distribution, and it took months of selling to build.
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