Taking everything into account, SOUN scores 0 out of 10 in our technical rating. SOUN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
SOUN has a poor technical rating and the quality of the setup is also not perfect 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
10.68
We found 2 important support areas.
- A support zone ranging from 11.21 to 11.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.79 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 12.77 to 12.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @18.20 from a trend line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for SOUN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SOUN is down. |
| ChartMill Relative Strength | 21.16 | NEGATIVE | SOUN has a low relative strength, it was outperformed by 78.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SOUN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SOUN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SOUN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.12 | NEUTRAL | The RSI value for SOUN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests SOUN has a positive trend. |
| Stochastics (14,3) | 73.83 | NEUTRAL | The Stochastics value for SOUN is a neutral value. |
| Average True Range in percent/ATR (20) | 7 | HIGH VOLATILITY | The high ATR as a percentage value for SOUN suggests high volalility. |
| Average Directional Index/ADX (14) | 29.45 | POSITIVE | The high ADX value value for SOUN suggests a strong trend. |
12.76
-0.04 (-0.31%)
SOUNDHOUND AI INC-A / SOUN FAQ
Can you provide the ChartMill technical rating for SOUNDHOUND AI INC-A?
ChartMill assigns a technical rating of 0 / 10 to SOUN.
What is the current trend direction of SOUNDHOUND AI INC-A (SOUN) stock?
The current trend direction for SOUNDHOUND AI INC-A (SOUN) is Bearish.
Can you provide the RSI signal for SOUNDHOUND AI INC-A?
SOUNDHOUND AI INC-A (SOUN) has an RSI value of 46.1203. 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 negative.
What is the support and resistance level for SOUN stock?
SOUNDHOUND AI INC-A (SOUN) has a support level at 11.29 and a resistance level at 12.77. Check the full technical report for our detailed analysis of SOUN support and resistance levels.