SOVOS BRANDS INC (SOVO) Stock Technical Analysis
NASDAQ:SOVO - Nasdaq - US84612U1079 - Common Stock - Currency: USD
Overall SOVO gets a technical rating of 10 out of 10. Both in the recent history as in the last year, SOVO has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that SOVO is one of the better performing stocks in the market, outperforming 85% of all stocks. On top of that, SOVO also shows a nice and consistent pattern of rising prices.
SOVO is part of the Food Products industry. There are 89 other stocks in this industry. SOVO outperforms 86% of them.
A new 52 week high is currently being made by SOVO, which is a very good signal! Especially since the S&P500 is only trading in the middle part of its 52 week range, so SOVO is leading the market.
SOVO has an average volume of 1794710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month SOVO has a been trading in a tight range between 22.17 and 23.00.
Volume is considerably higher in the last couple of days.
Although SOVO has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
12.97
23.22
3 important support areas can be observed.
- A support zone ranging from 22.31 to 22.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.49 to 21.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.10 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 22.98 to 22.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.94
Mansfield-0.3
10 Day High23
10 Day Low22.49
20 Day High23
20 Day Low22.17
52 Week High23
52 Week Low14.75
Performance
1 Week1.01%
2 Weeks1.82%
1 Month3.23%
3 Month4.69%
6 Month1.46%
12 Month55.17%
2 Year62.06%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.03
RSI(14)79.02
LBB22.39
UBB23.07
22.98
+0.03 (+0.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg0.13%
1 Week1.01%
2 Weeks1.82%
1 Month3.23%
3 Month4.69%
6 Month1.46%
12 Month55.17%
2 Year62.06%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%0.48%
ATR Inc-65.79%
Range Today0.04
ADR(20)0.09
ADR(20)%0.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.94
Mansfield-0.3
10 Day High23
10 Day Low22.49
20 Day High23
20 Day Low22.17
52 Week High23
52 Week Low14.75
CS1 End22.8
CR1 Start22.98
Volume & EV
DER(3)0.6%
DER(5)-2.04%
Volume6.87M
Volume Incr90.24%
Vol(5)4.12M
Vol(50)1.79M