Volatile ride for SoundHound AI, Inc. stock price on Thursday moving between $13.99 and $15.43

The SoundHound AI, Inc. stock price gained 9.16% on the last trading day (Thursday, 13th Feb 2025), rising from $13.97 to $15.25. During the last trading day the stock fluctuated 10.28% from a day low at $13.99 to a day high of $15.43. The price has risen in 6 of the last 10 days and is up by 8.93% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 million more shares were traded than the day before. In total, 38 million shares were bought and sold for approximately $579.17 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 part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $13.07 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift.Given the current short-term trend, the stock is expected to rise 34.04% during the next 3 months and, with a 90% probability hold a price between $17.52 and $37.57 at the end of this 3-month period.

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $16.49. On a fall, the stock will find some support from the short-term average at $15.08. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, December 26, 2024, and so far it has fallen -37.06%. Further fall is indicated until a new bottom pivot has been found.

SoundHound AI, Inc. finds support from accumulated volume at $15.06 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 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 $1.44 between high and low, or 10.28%. For the last week, the stock has had daily average volatility of 8.07%.

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