For the last three days, Tickeron A.I.dvisor has detected that SOGO's AroonDown red line is above 70 while the AroonUp green line is below 30 for three straight days. This move could indicate a strong downtrend ahead for SOGO, and traders may view it as a Sell signal for the next month. Traders may consider selling the stock or exploring put options. Tickeron A.I.dvisor backtested this indicator and found 120 similar cases, 104 of which were successful. Based on this data, the odds of success are 87%. Current price $8.65 is above $8.51 the highest resistance line found by Tickeron A.I. Throughout the month of 08/25/20 - 09/25/20, the price experienced a -1% Downtrend. During the week of 09/18/20 - 09/25/20, the stock fell -0.81%.
Bearish Trend Analysis
The 10-day RSI Indicator for SOGO moved out of overbought territory on September 08, 2020. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron A.I.dvisor looked at 13 similar instances where the indicator moved out of overbought territory. In 10 of the 13 cases, the stock moved lower in the following days. This puts the odds of a move lower at 77%.
The Momentum Indicator moved below the 0 level on September 16, 2020. You may want to consider selling the stock, shorting the stock, or exploring put options on SOGO as a result. In 42 of 52 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 81%.
The Moving Average Convergence Divergence Histogram (MACD) for SOGO turned negative on August 13, 2020. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron A.I.dvisor looked at 27 similar instances when the indicator turned negative. In 20 of the 27 cases the stock turned lower in the days that followed. This puts the odds of success at 74%.
Bearish Trend Analysis
The 10-day RSI Indicator for SOGO moved out of overbought territory on September 08, 2020. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron A.I.dvisor looked at 13 similar instances where the indicator moved out of overbought territory. In 10 of the 13 cases, the stock moved lower in the following days. This puts the odds of a move lower at 77%.
The Momentum Indicator moved below the 0 level on September 16, 2020. You may want to consider selling the stock, shorting the stock, or exploring put options on SOGO as a result. In 42 of 52 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 81%.
The Moving Average Convergence Divergence Histogram (MACD) for SOGO turned negative on August 13, 2020. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron A.I.dvisor looked at 27 similar instances when the indicator turned negative. In 20 of the 27 cases the stock turned lower in the days that followed. This puts the odds of success at 74%.