A very red day for SoundHound AI, Inc. stock price after a -5.62% fall in the Tuesday trading session

The SoundHound AI, Inc. stock price fell by -5.62% on the last day (Tuesday, 25th Feb 2025) from $9.43 to $8.90. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 9.89% from a day low at $8.49 to a day high of $9.33. The price has fallen in 7 of the last 10 days and is down by -41.94% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -11 million shares and in total, 34 million shares were bought and sold for approximately $305.36 million.

On Sep 18, 2024, it was reported that H.C. Wainwright gave SOUN a "Underperform" grade with a "hold" action.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $5.58 is broken, it will firstly indicate a stronger fall rate.Given the current short-term trend, the stock is expected to fall -8.14% during the next 3 months and, with a 90% probability hold a price between $5.13 and $21.03 at the end of this 3-month period.

There are few to no technical positive signals at the moment. The SoundHound AI, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $10.43 and $14.25. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, December 26, 2024, and so far it has fallen -63.27%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

SoundHound AI, Inc. finds support from accumulated volume at $8.88 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.84 between high and low, or 9.89%. For the last week, the stock has had daily average volatility of 9.87%.

SoundHound AI, Inc. is oversold on RSI14 (19). Some stock may drop long and hard while being oversold on RSI before turning, which increases the general risk.

SoundHound AI, Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.