Bearish Trend Analysis
The 10-day Indicator for SOGO moved out of overbought territory on September 08, 2020. This could be a 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 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 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 ( ) 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%.