SOUNDHOUND AI INC-A (SOUN) Stock Technical Analysis
NASDAQ:SOUN - US8361001071 - Common Stock
12.74 USD
-0.68 (-5.07%)
12.72 USD
-0.02 (-0.16%)
We assign a technical rating of 9 out of 10 to SOUN. Both in the recent history as in the last year, SOUN has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
SOUN is part of the Software industry. There are 280 other stocks in this industry. SOUN outperforms 92% of them.
SOUN has an average volume of 51755800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, SOUN did better than 96% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
SOUN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SOUN is lagging the market.
In the last month SOUN has a been trading in the 10.45 - 17.08 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SOUN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 12.55, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
8.71
16.69
When analyzing the support we can see 5 important areas.
- A support zone ranging from 12.31 to 12.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.90 from a horizontal line in the daily time frame.
- Support @10.93 from a trend line in the daily time frame.
- Support @9.50 from a trend line in the weekly time frame.
- Support @8.80 from a trend line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 13.43 to 13.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @14.83 from a trend line in the weekly time frame.
- Resistance @15.90 from a trend line in the daily time frame.
- Resistance @16.52 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for SOUN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SOUN is up. |
| ChartMill Relative Strength | 96.91 | POSITIVE | SOUN has a high relative strength, it outperformed 96.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SOUN is below 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) | UP | POSITIVE | The current price of SOUN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.16 | NEUTRAL | The RSI value for SOUN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests SOUN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.14 | NEUTRAL | The Stochastics value for SOUN is a neutral value. |
| Average True Range in percent/ATR (20) | 9.21 | HIGH VOLATILITY | The high ATR as a percentage value for SOUN suggests high volalility. |
| Average Directional Index/ADX (14) | 14.89 | NEGATIVE | The low ADX value for SOUN suggests a weak or negative trend. |
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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 13.44 | 12.30 | 1.14 (8.48%) | 11.79% |
| An entry @13.44. This is a Buy Stop order right above the resistance zone. | An exit @12.30. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.14 points, which is 8.48%. | When investing 11.79% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of SOUN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
12.74
-0.68 (-5.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-5.07%
1 Week5.99%
2 Weeks-4.21%
1 Month14.06%
3 Month26.01%
6 Month30.8%
12 Month192.87%
2 Year533.83%
3 Year288.42%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.98
ATR(20)%9.21%
ATR Inc22.99%
Range Today1.05
ADR(20)1.05
ADR(20)%8.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.91
Mansfield0.97
10 Day High13.7
10 Day Low11.81
20 Day High17.08
20 Day Low10.45
52 Week High24.98
52 Week Low4.4
CS1 End12.55
CR1 Start13.43
Volume & EV
DER(3)2.5%
DER(5)2.33%
Volume65.32M
Volume Incr26.44%
Vol(5)68.84M
Vol(50)51.76M