Overall SOUN gets a technical rating of 0 out of 10. SOUN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of SOUN is bad and it also does not present a 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
9.96
3 important support areas can be observed.
- Support @11.30 from a horizontal line in the daily time frame.
- Support @10.59 from a horizontal line in the weekly time frame.
- A support zone ranging from 10.06 to 10.11. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- Resistance @17.61 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 | NEUTRAL | NEUTRAL | The short term trend for SOUN is neutral. |
| ChartMill Relative Strength | 12.06 | NEGATIVE | SOUN has a low relative strength, it was outperformed by 87.94% 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 | MIXED | The current price of SOUN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.77 | NEUTRAL | The RSI value for SOUN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests SOUN has a positive trend. |
| Stochastics (14,3) | 72.26 | NEUTRAL | The Stochastics value for SOUN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.22 | HIGH VOLATILITY | The high ATR as a percentage value for SOUN suggests high volalility. |
| Average Directional Index/ADX (14) | 16.68 | NEGATIVE | The low ADX value for SOUN suggests a weak or negative trend. |
11.75
+0.73 (+6.62%)
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 trend direction for 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 53.7704. This indicates that the stock is currently neutral.
What is the support and resistance level for SOUN stock?
SOUNDHOUND AI INC-A (SOUN) has a support level at 11.3 and a resistance level at 17.61. Check the full technical report for our detailed analysis of SOUN support and resistance levels.