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Stock Trend Analysis Report

Prepared for you on Monday, October 2, 2023.

Sovos Brands, Inc. (NASDAQ:SOVO)

Weak Downtrend (-65) - SOVO is showing signs of a strengthening downtrend. Monitor SOVO as it may be building momentum to the downside.

Is it time to buy, sell, or avoid SOVO?

MarketClub looks at technical strength and momentum to determine if the timing is right for SOVO.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low SOVO Price Change
22.55 22.56 22.48 22.50 -0.05
Entry Signal

MarketClub’s Trade Triangles for SOVO

long term up The long-term trend has been UP since Mar 9th, 2023 at 14.8200

intermediate term down The intermediate-term trend has been DOWN since Sep 21st, 2023 at 22.3700

short term down The short-term trend has been DOWN since Sep 28th, 2023 at 22.5625

Smart Scan Analysis for SOVO

Based on our trend formula, SOVO is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for SOVO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.55 22.56 22.48 22.50 -0.05
Prev. Close Volume Bid Ask Time
22.55 1815792 2023-10-02 15:59:43
52wk High22.7352wk High Date2023-09-22
52wk Low12.7452wk Low Date2023-02-21
Average Volume2,314,768Shares Outstanding101,318
P/E Ratio-43.90320000
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