High volatility in SoundHound AI, Inc. stock price on Friday which ended trading at $10.97

The SoundHound AI, Inc. stock price fell by -28.10% on the last day (Friday, 14th Feb 2025) from $15.25 to $10.97. During the last trading day the stock fluctuated 14.42% from a day low at $10.40 to a day high of $11.90. The price has been going up and down for this period, and there has been a -22.51% loss for the last 2 weeks. Volume has increased on the last day by 138 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 176 million shares were bought and sold for approximately $1.93 billion.

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

Given the current short-term trend, the stock is expected to rise 27.85% during the next 3 months and, with a 90% probability hold a price between $14.02 and $35.20 at the end of this 3-month period.

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $14.39 and $16.22. 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 -54.75%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

On the downside, the stock finds support just below today's level from accumulated volume at $10.15 and $9.31.There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, SoundHound AI, Inc. finds support just below today's level at $10.15. If this is broken, then the next support from accumulated volume will be at $9.31 and $8.25.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.50 between high and low, or 14.42%. For the last week, the stock has had daily average volatility of 9.94%.

The SoundHound AI, Inc. stock holds several negative signals and despite the positive trend, we believe SoundHound AI, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.