SOUNDHOUND AI INC (SOUNW) Technical Analysis
NASDAQ:SOUNW
Current stock price
SOUNW Technical Rating and Analysis
Overall SOUNW gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. SOUNW was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, SOUNW is a bad performer in the overall market: 91% of all stocks are doing better.
- SOUNW is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Warning: SOUNW has an average volume of 28538 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- In the last month SOUNW has a been trading in the 1.60 - 3.16 range, which is quite wide. It is currently trading near the high of this range.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
SOUNW Weekly and Daily overview Charts
SOUNW Setup Rating and Analysis
The technical rating of SOUNW 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
SOUNW Support and Resistance Analysis
2.00
When analyzing the support we can see 2 important areas.
- Support @2.77 from a horizontal line in the daily time frame.
- Support @2.02 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 2.87 to 2.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.52 from a trend line in the weekly time frame.
SOUNW Technical Indicator Signal Analysis
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 SOUNW is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SOUNW is up. |
| ChartMill Relative Strength | 9.84 | NEGATIVE | SOUNW has a low relative strength, it was outperformed by 90.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SOUNW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SOUNW is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SOUNW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.71 | NEUTRAL | The RSI value for SOUNW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests SOUNW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.56 | NEUTRAL | The Stochastics value for SOUNW is a neutral value. |
| Average True Range in percent/ATR (20) | 9.94 | HIGH VOLATILITY | The high ATR as a percentage value for SOUNW suggests high volalility. |
| Average Directional Index/ADX (14) | 23.63 | NEUTRAL | The ADX value for SOUNW suggests a possible start of a new trend. |
SOUNW Chart- and CandleStick Pattern Analysis
SOUNW Technicals: Chart, Performance Metrics, Trend & Indicators
2.85
+0.01 (+0.35%)
SOUNDHOUND AI INC / SOUNW TA FAQ
What is the ChartMill technical rating of SOUNDHOUND AI INC (SOUNW) stock?
ChartMill assigns a technical rating of 3 / 10 to SOUNW.
What is the current trend direction of SOUNDHOUND AI INC (SOUNW) stock?
The current trend direction for SOUNDHOUND AI INC (SOUNW) is Bearish.
What is the RSI signal for SOUNW stock?
SOUNDHOUND AI INC (SOUNW) has an RSI value of 58.7069. This indicates that the stock is currently neutral.
What is the MACD signal for SOUNDHOUND AI INC (SOUNW) stock?
The MACD indicator for SOUNDHOUND AI INC (SOUNW) has a value of 0.0843165, indicating a bearish trend.
Can you provide the short term momentum for SOUNDHOUND AI INC?
The short term momentum for SOUNDHOUND AI INC (SOUNW) is positive.