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.
MarketClub’s Trade Triangles for SOVO
The long-term trend has been UP since Mar 9th, 2023 at 14.8200
The intermediate-term trend has been DOWN since Sep 21st, 2023 at 22.3700
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).
|52wk High||22.73||52wk High Date||2023-09-22|
|52wk Low||12.74||52wk Low Date||2023-02-21|
|Average Volume||2,314,768||Shares Outstanding||101,318|