SOUNDHOUND AI INC-A (SOUN) Technical Analysis
NASDAQ:SOUN • US8361001071
Current stock price
9.56 USD
+1.6 (+20.1%)
At close:
9.52 USD
-0.04 (-0.42%)
After Hours:
SOUN Technical Rating and Analysis
Overall SOUN gets a technical rating of 6 out of 10. In the past year, SOUN was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- SOUN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- SOUN is part of the Software industry. There are 272 other stocks in this industry. SOUN outperforms 74% of them.
- In the last month SOUN has a been trading in the 6.22 - 9.60 range, which is quite wide. It is currently trading near the high of this range.
- SOUN has an average volume of 27554900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, SOUN outperforms 53% of them, which is more or less in line with the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
SOUN Weekly and Daily overview Charts
SOUN Setup Rating and Analysis
SOUN has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
SOUN Support and Resistance Analysis
5.95
15.89
2 important support areas can be observed.
- Support @7.31 from a trend line in the daily time frame.
- Support @6.01 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @15.73 from a trend line in the weekly time frame.
SOUN Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for SOUN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SOUN is up. |
| ChartMill Relative Strength | 53.14 | NEUTRAL | SOUN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SOUN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SOUN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SOUN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 68.66 | NEUTRAL | The RSI value for SOUN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests SOUN has a positive trend. |
| Stochastics (14,3) | 72.42 | NEUTRAL | The Stochastics value for SOUN is a neutral value. |
| Average True Range in percent/ATR (20) | 6 | HIGH VOLATILITY | The high ATR as a percentage value for SOUN suggests high volalility. |
| Average Directional Index/ADX (14) | 27.52 | POSITIVE | The high ADX value value for SOUN suggests a strong trend. |
SOUN Chart- and CandleStick Pattern Analysis
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)
SOUN Technicals: Chart, Performance Metrics, Trend & Indicators
9.56
+1.6 (+20.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg20.1%
1 Week16.73%
2 Weeks18.32%
1 Month41%
3 Month13%
6 Month-45.74%
12 Month1.81%
2 Year89.31%
3 Year213.44%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.62
ATR(20)%6%
ATR Inc81.49%
Range Today1.54
ADR(20)0.54
ADR(20)%5.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.14
3 months CRS84.92
6 months CRS9.39
Mansfield-2.32
10 Day High9.6
10 Day Low7.58
20 Day High9.6
20 Day Low6.22
52 Week High22.17
52 Week Low5.83
CS1 End7.31
CR1 Start15.73
Volume & EV
DER(3)-1.25%
DER(5)-0.6%
Volume68.47M
Volume Incr20.9%
Vol(5)30.70M
Vol(50)27.55M
SOUNDHOUND AI INC-A / SOUN TA FAQ
Can you provide the ChartMill technical rating for SOUNDHOUND AI INC-A?
ChartMill assigns a technical rating of 6 / 10 to SOUN.
Can you provide the trend direction for SOUNDHOUND AI INC-A?
The current trend direction for SOUNDHOUND AI INC-A (SOUN) is Bearish.
What is the RSI signal for SOUN stock?
SOUNDHOUND AI INC-A (SOUN) has an RSI value of 68.6628. This indicates that the stock is currently neutral.
What is the short term momentum for SOUNDHOUND AI INC-A (SOUN) stock?
The short term momentum for SOUNDHOUND AI INC-A (SOUN) is positive.