Taking everything into account, SOUNW scores 0 out of 10 in our technical rating. SOUNW's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, SOUNW does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 5.32. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for SOUNW in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
4.31
4 important support areas can be observed.
- A support zone ranging from 5.12 to 5.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 4.69 to 4.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 4.54 to 4.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.35 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 5.32 to 5.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.57 from a trend line in the weekly 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 SOUNW is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SOUNW is down. |
| ChartMill Relative Strength | 9.93 | NEGATIVE | SOUNW has a low relative strength, it was outperformed by 90.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SOUNW is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SOUNW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SOUNW is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.11 | NEUTRAL | The RSI value for SOUNW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests SOUNW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.78 | NEUTRAL | The Stochastics value for SOUNW is a neutral value. |
| Average True Range in percent/ATR (20) | 9.91 | HIGH VOLATILITY | The high ATR as a percentage value for SOUNW suggests high volalility. |
| Average Directional Index/ADX (14) | 15.12 | NEGATIVE | The low ADX value for SOUNW suggests a weak or negative trend. |
5.15
+0.05 (+0.98%)
SOUNDHOUND AI INC / SOUNW FAQ
What is the ChartMill technical rating of SOUNDHOUND AI INC (SOUNW) stock?
ChartMill assigns a technical rating of 0 / 10 to SOUNW.
Can you provide the trend direction for SOUNDHOUND AI INC?
The current trend direction for SOUNDHOUND AI INC (SOUNW) is Bearish.
Can you provide the RSI signal for SOUNDHOUND AI INC?
SOUNDHOUND AI INC (SOUNW) has an RSI value of 43.1064. This indicates that the stock is currently neutral.
What is the MACD signal for SOUNW stock?
The MACD indicator for SOUNDHOUND AI INC (SOUNW) has a value of 0.121252, indicating a bearish trend.
What is the short term momentum for SOUNW stock?
The short term momentum for SOUNDHOUND AI INC (SOUNW) is negative.