SOUNDHOUND AI INC-A (SOUN) Stock Technical Analysis
NASDAQ:SOUN - Nasdaq - US8361001071 - Common Stock - Currency: USD
Taking everything into account, SOUN scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SOUN is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
SOUN is one of the better performing stocks in the Software industry, it outperforms 90% of 282 stocks in the same industry.
SOUN has an average volume of 38132200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that SOUN is one of the better performing stocks in the market, outperforming 96% of all stocks. However, this overall performance is mostly based on the strong move around 7 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 9.06 - 13.41 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although SOUN has an excellent technical rating, it does not present a decent entry opportunity 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
8.12
12.68
6 important support areas can be observed.
- A support zone ranging from 11.29 to 11.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.82 from a trend line in the daily time frame.
- Support @8.98 from a horizontal line in the daily time frame.
- Support @8.80 from a trend line in the weekly time frame.
- Support @8.55 from a trend line in the daily time frame.
- Support @8.20 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 11.58 to 11.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @12.55 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 | 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 | 96.09 | POSITIVE | SOUN has a high relative strength, it outperformed 96.09% off all stocks 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) | UP | POSITIVE | The current price of SOUN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.83 | NEUTRAL | The RSI value for SOUN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests SOUN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 50.96 | NEUTRAL | The Stochastics value for SOUN is a neutral value. |
| Average True Range in percent/ATR (20) | 7.45 | HIGH VOLATILITY | The high ATR as a percentage value for SOUN suggests high volalility. |
| Average Directional Index/ADX (14) | 22.23 | NEUTRAL | The ADX value for SOUN suggests a possible start of a new 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)
11.3
-0.15 (-1.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.31%
1 Week-11.09%
2 Weeks5.31%
1 Month24.18%
3 Month44.5%
6 Month-17.16%
12 Month129.21%
2 Year384.98%
3 Year222.86%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.96
ATR(20)%7.45%
ATR Inc-19.08%
Range Today0.59
ADR(20)0.78
ADR(20)%6.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.09
Mansfield1
10 Day High13.42
10 Day Low9.89
20 Day High13.42
20 Day Low9.06
52 Week High24.98
52 Week Low3.94
CS1 End11.29
CR1 Start11.58
Volume & EV
DER(3)-6.82%
DER(5)-7.22%
Volume29.78M
Volume Incr26.42%
Vol(5)48.60M
Vol(50)38.13M