High volatility in SoundHound AI, Inc. stock price on Monday which ended trading at $9.43

The SoundHound AI, Inc. stock price fell by -8.54% on the last day (Monday, 24th Feb 2025) from $10.31 to $9.43. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 10.68% from a day low at $9.08 to a day high of $10.05. The price has fallen in 7 of the last 10 days and is down by -39.55% for this period. Volume has increased on the last day by 11 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, 45 million shares were bought and sold for approximately $425.23 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 $6.90 is broken, it will firstly indicate a stronger fall rate.Given the current short-term trend, the stock is expected to fall -2.97% during the next 3 months and, with a 90% probability hold a price between $6.69 and $23.06 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 $11.34 and $14.57. 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 -61.08%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

SoundHound AI, Inc. finds support from accumulated volume at $9.31 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 $0.97 between high and low, or 10.68%. For the last week, the stock has had daily average volatility of 10.55%.

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.Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.