SOUNDHOUND AI INC-A (SOUN) Stock Technical Analysis
NASDAQ:SOUN - Nasdaq - US8361001071 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to SOUN. In the past year, SOUN was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
SOUN is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SOUN is lagging the market.
In the last month SOUN has a been trading in the 8.71 - 12.65 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Looking at the yearly performance, SOUN did better than 94% of all other stocks.
SOUN is one of the better performing stocks in the Software industry, it outperforms 86% of 283 stocks in the same industry.
SOUN has an average volume of 27340100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
SOUN has an excellent technical rating, but the quality of the setup is only medium 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
7.43
11.51
When analyzing the support we can see 4 important areas.
- A support zone ranging from 8.97 to 8.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.01 from a trend line in the weekly time frame.
- Support @7.82 from a trend line in the daily time frame.
- A support zone ranging from 7.50 to 7.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @10.96 from a trend line in the daily time frame.
- Resistance @11.40 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for SOUN is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SOUN is neutral. |
| ChartMill Relative Strength | 94.66 | POSITIVE | SOUN has a high relative strength, it outperformed 94.66% 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) | 48.34 | NEUTRAL | The RSI value for SOUN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests SOUN has a negative trend. |
| Stochastics (14,3) | 24.2 | NEUTRAL | The Stochastics value for SOUN is a neutral value. |
| Average True Range in percent/ATR (20) | 7.86 | HIGH VOLATILITY | The high ATR as a percentage value for SOUN suggests high volalility. |
| Average Directional Index/ADX (14) | 18.6 | 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)
9.55
+0.08 (+0.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.84%
1 Week-13.26%
2 Weeks-1.95%
1 Month1.81%
3 Month-7.37%
6 Month15.76%
12 Month88.74%
2 Year213.12%
3 Year24.35%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.82
ATR(20)%7.86%
ATR Inc-3.52%
Range Today0.76
ADR(20)0.66
ADR(20)%6.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.66
Mansfield0.77
10 Day High12.65
10 Day Low8.92
20 Day High12.65
20 Day Low8.71
52 Week High24.98
52 Week Low3.82
CS1 End8.97
CR1 Start10.96
Volume & EV
DER(3)-4.58%
DER(5)-4.78%
Volume29.77M
Volume Incr6.77%
Vol(5)31.99M
Vol(50)27.34M