SoundHound AI, Inc. stock price ended at $19.89 on Monday, after losing 3.54%

The SoundHound AI, Inc. stock price fell by -3.54% on the last day (Monday, 6th Jan 2025) from $20.62 to $19.89. During the last trading day the stock fluctuated 4.52% from a day low at $19.89 to a day high of $20.79. The price has fallen in 6 of the last 10 days but is still up by 5.49% over the past 2 weeks. 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 -77 million shares and in total, 0 shares were bought and sold for approximately $0 .

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 middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled.Given the current short-term trend, the stock is expected to rise 281.72% during the next 3 months and, with a 90% probability hold a price between $59.88 and $99.61 at the end of this 3-month period.

The SoundHound AI, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $21.63. On a fall, the stock will find some support from the long-term average at approximately $14.36. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, January 03, 2025, and so far it has fallen -3.54%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

SoundHound AI, Inc. finds support from accumulated volume at $19.69 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.90 between high and low, or 4.52%. For the last week the stock has had daily average volatility of 11.29%

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for SoundHound AI, Inc. stock to perform well in the short-term.