As of now cava trend is showing what kind of intraday going forward

As of now, there is no available data on the intraday trend for CAVA However, based on the relevant information, we can make an analysis of the recent trends and forecasts for CAVA.

1. Recent Trends and Analysis:
   • CAVA's shares rose in premarket trading after the company reported strong quarterly results and upped its adjusted core earnings forecast for the year.
   • The company's third quarter highlighted a 39% increase in revenue, and it surpassed consensus EPS estimates by delivering earnings of $0.15 per share, compared to the estimated $0.11 per share.
   • CAVA's stock has been performing well, with a 243.9% increase since the beginning of the year, outperforming the S&P 500's gain of 25.8%.
2. Intraday Trend Forecast:
   • The technical indicators are showing a bullish signal as CAVA crossed above the 20-day moving average, indicating a short-term bullish trend.
   • The options trading activity suggests a bullish sentiment, with a high volume of call options traded, especially for the $145 strike expiring on November 08, 2024.
   • The earnings forecast for the upcoming quarter is optimistic, with an expected year-over-year increase in earnings and revenues.
3. Conclusion:
   • The intraday trend for CAVA is likely to be positive, considering the recent financial performance, technical indicators, and options trading activity. Investors may expect the stock to continue its upward trajectory in the short term. However, it's important to monitor the stock's performance against the S&P 500 and any management commentary on the earnings call, as these factors can influence the stock's immediate price movement and future earnings expectations