Analyst Observations | Nasdaq Dorsey Wright

Comments include: ASH, AU, CAVA, & TKO.

ASH Ashland Inc. ($57.47) - Chemicals - ASH returned to a buy signal Thursday when it broke a double top at $57. The outlook for the stock remains unfavorable, however, as ASH is a 0 for 5'er and ranks in the bottom quartile of the chemicals sector matrix. From here, the next test for the stock is its bearish resistance line at $61. Meanwhile, support can be found at $53.

AU AngloGold Ashanti Limited (South Africa) ADR ($104.15) - Precious Metals - AU gave an initial sell signal Thursday when it broke a double bottom at $104. The outlook for the stock remains positive, however, as AU is a 5 for 5'er that ranks in the top quintile of the precious metals sector matrix. From here, the next level of support sits at $98.

CAVA CAVA Group, Inc. ($90.81) - Restaurants - CAVA broke a double top for a second buy signal in April and to match the March rally high. The stock has maintained a 5 technical attribute rating since February and currently ranks 2nd (out of 26) in the Restaurant sector matrix. Note resistance dating back to summer 2025 resides in the lower $90s. Initial support can be found at $84, while additional resides in the low to high $70s.

TKO TKO Group Holdings, Inc. Class A ($185.27) - Media - Although TKO remains a technically acceptable name, be vary cautious with the name. After falling over 4% with intraday action on 4/16, the stock moved past some seemingly significant support from previous 2026 lows, having now placed a series of lower highs on its default chart. From here, a trip to late 2025 lows at/around the low $170's wouldn't be out of the question. Set alerts for a loss in technical attribute score.

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