SOUNDHOUND AI INC-A (SOUN) Technical Analysis
NASDAQ:SOUN • US8361001071
Taking everything into account, SOUN scores 0 out of 10 in our technical rating. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, SOUN is a bad performer in the overall market: 89% of all stocks are doing better.
- SOUN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- SOUN has an average volume of 26745700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- SOUN is part of the Software industry. There are 277 other stocks in this industry, SOUN did better than 43% of them.
- In the last month SOUN has a been trading in the 7.04 - 9.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SOUN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 7.62, a Stop Loss order could be placed below this zone.
More info and screens
7.24
We found 3 important support areas.
- Support @7.62 from a trend line in the weekly time frame.
- Support @7.45 from a horizontal line in the weekly time frame.
- A support zone ranging from 7.31 to 7.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 8.20 to 8.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @8.61 from a horizontal line in the weekly time frame.
- Resistance @8.81 from a horizontal line in the daily time frame.
- Resistance @9.96 from a trend line in the daily time frame.
- Resistance @11.30 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 | 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 | 11.23 | NEGATIVE | SOUN has a low relative strength, it was outperformed by 88.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SOUN is below 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) | DOWN | NEGATIVE | The current price of SOUN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.81 | NEUTRAL | The RSI value for SOUN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests SOUN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 31.59 | NEUTRAL | The Stochastics value for SOUN is a neutral value. |
| Average True Range in percent/ATR (20) | 7.14 | HIGH VOLATILITY | The high ATR as a percentage value for SOUN suggests high volalility. |
| Average Directional Index/ADX (14) | 20.12 | NEUTRAL | The ADX value for SOUN suggests a possible start of a new trend. |
SOUN Technicals: Chart, Performance Metrics, Trend & Indicators
7.79
-0.11 (-1.39%)
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 39.8144. This indicates that the stock is currently neutral.
What is the buy/sell signal for SOUN stock?
The buy/sell signal for SOUNDHOUND AI INC-A (SOUN) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for SOUNDHOUND AI INC-A?
SOUNDHOUND AI INC-A (SOUN) has a support level at 7.62 and a resistance level at 8.2. Check the full technical report for our detailed analysis of SOUN support and resistance levels.