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Stock Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

Sovos Brands, Inc. (NASDAQ:SOVO)

Sidelines Mode (+55) - SOVO is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
13.84 14.61 13.67 14.23 +0.36
Entry Signal

MarketClub’s Trade Triangles for SOVO

long term up The long-term trend has been UP since Apr 13th, 2022 at 15.80

intermediate term down The intermediate-term trend has been DOWN since Aug 9th, 2022 at 13.79

short term up The short-term trend has been UP since Aug 17th, 2022 at 14.24

Smart Scan Analysis for SOVO

Based on our trend formula, SOVO is rated as a +55 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
13.84 14.61 13.67 14.23 +0.36
Prev. Close Volume Bid Ask Time
14.23 595499 2022-08-17 15:59:55
52wk High17.4152wk High Date2021-12-13
52wk Low9.5252wk Low Date2022-03-15
Average Volume593,428Shares Outstanding100,912
P/E Ratio693.5
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