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.
MarketClub’s Trade Triangles for SOVO
The long-term trend has been UP since Apr 13th, 2022 at 15.80
The intermediate-term trend has been DOWN since Aug 9th, 2022 at 13.79
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).
|52wk High||17.41||52wk High Date||2021-12-13|
|52wk Low||9.52||52wk Low Date||2022-03-15|
|Average Volume||593,428||Shares Outstanding||100,912|