Sound Hound AI now Exceeding all standard Fibonacci ExtensionsWhereas, I can account for an extended wave 3 hitting the 200.0% fib extension, I have no standard pathways for wave 3 extending past that fib target. Granted that is not to say that sort of price action is impossible...but this is rare.
SOUN is in no man's land...so we continue to look to the next fib area, and so on.
Best to all,
Chris
SOUN
SoundHound AI Filling in the ideal subdivisions do farMuch has been made about the recent parabolic price action of SOUN. The news is confused if the stock price will collapse or if whales are involved and take this much much higher.
I, on the other hand, have a more calm view, as the price action has been fairly predictable in terms of hitting standard Elliott Wave Fibonacci extensions. My perspective is as per the below chart.
Best to all,
Chris
Is $POET the next AI RUNNER?! 86% UPSIDENASDAQ:POET
A great looking H5 Setup that just needs a breakout!
Warning: High Risk/ High Reward Small Cap
-H5 indicator is GREEN
-Pennant breakout that needs a retest. Measured move is $6.13 which puts us to a breakout of the Cup&Handle!
-Williams Consolidation Box needs to create support and bounce in order to be live! A big pullback to retest the Pennant breakout then bounce would be a perfect area for an entry into this trade.
-Large Volume Shelf with nothing but SPACE above.
📏$6.13 🎯$7.75 📏$11
Not Financial Advice - NFA
$SOUN : WE ARE BREAKING THE SOUND BARRIER! I TOLD YOU LAST WEEK!NASDAQ:SOUN : WE ARE BREAKING THE SOUND BARRIER! I TRIED TO TELL YOU LAST WEEK.
Now you see why the video I posted on Sound Hound AI was TV's Editor's pick of the week!
We are just getting started, though, and now you see how well my "High Five Setup" works!
Almost 10% on the day bang! If your in this name with me show some love in the comments!
The chart shows price targets in Green and the measured moves!
Not financial advice.
$SOUN :Is Sound Hound AI the next small cap to SURGE?! 98% move!NASDAQ:SOUN
Is Sound Hound AI the next small cap to SURGE?!
I believe this stock is gearing up for a 98% move higher! So, let's dive into my video below, which talks about the NASDAQ:SOUN stock charting setup for a SURGE to the upside and how it meets my 5/5 trading setup! (My personal trading strategy)
Not financial advice.
Like ❤️ Follow🤳 Share 🔂
Comment what stock you want to see charting analysis on below.
SOUND HOUND AI $SOUN - 6/17 - THE STOCK GAUNTLET CONTINUES!⚔️🛡️ THE STOCK GAUNTLET CONTINUES! ⚔️🛡️
STOCK/ TRADE SETUP UPDATE: 6/17
6⃣ SOUND HOUND AI - NASDAQ:SOUN
Video Analysis:
Show some love by: ❤️
LIKING l FOLLOWING l SHARING
Hit the🔔as well to be notified when each video drops
NFA #tradingstrategy #HIGHFIVESETUP
NASDAQ:SOUN
NASDAQ:SOUN
Sound Hound Ai is about to turn the volume up! 98% Move InboundNASDAQ:SOUN
🔊 NASDAQ:SOUN Update 🔊
We are 6/6 on earnings plays, and now we’ve got the #HIGHFIVESETUP on Sound Hound Ai! 🧠
Called this out a week or two ago, and if you stayed patient and ignored the noise, you had the chance to build your position during the retest of the symmetrical triangle breakout. Now, we’re geared up for a higher move heading into earnings next week.
Here’s what’s happening:
Pullback to the volume shelf and 9/21 EMA: We’re bouncing off, maintaining a higher low from the breakout point—bullish channel intact! 📈
HAMMER candle forming: This reversal candlestick signals a big move higher is on the horizon. 🔨💥
The jacuzzi is reaching that perfect temperature—are you hopping in or missing out? 🚀🌊
Check out the full video and original @TradingView editors' pick linked to this post.
LIKE IT! ♥️ SHARE IT! 🔁 BOOKMARK IT! 📘
NFA
SoundHound AI reports record revenue growth in Q2SoundHound AI Inc. has demonstrated a significant uptick in its financial performance with a strong Q2 earnings report , a testament to its economic stability. Sounhound AI not only posted record revenue, but also maintained a robust cash reserve, signalling healthy operational stamina and potential for further growth. This performance is underpinned by the promising prospects of expanding applications for its voice technology software.
In the last quarter, SoundHound AI's revenue surged 54% year-over-year to 13.5 million USD, while its GAAP gross margin stood at 63%. The company's total subscriptions and order book roughly doubled from the previous year. Despite these gains, SoundHound reported a net loss of 37.3 USD million or 0.11 USD per share. SoundHound's recent acquisition of Amélia, a firm specialising in conversational AI technologies, also positions it to venture into new sectors such as finance, insurance, and healthcare, promising further diversification and revenue streams.
Technical analysis of SoundHound AI Inc. (NASDAQ: SOUN)
Exploring potential trading opportunities based on the current technical landscape of SoundHound AI's stock:
Timeframe : Daily (D1)
Current trend : the stock shows a sideways channel formation with an emerging uptrend
Resistance level : 5.30 USD
Support level : 3.95 USD
Potential downtrend target : should a downtrend take hold, the downside target could be at 2.40 USD
Short-term target : if the uptrend gains momentum and the stock breaks through the resistance at 5.30 USD, a short-term target could be 6.45 USD
Medium-term target : with sustained positive movement, the stock price might target 7.95 USD
A strategic acquisition and the potential to enter new markets could significantly impact SoundHound AI's stock performance and valuation. Investors should monitor SoundHound AI closely, especially considering its proven ability to leverage its technological innovations in conversational AI across various industries.
—
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Earnings Watch: August 7th - 8thInvestors, mark your calendars! A mix of high-profile companies are set to report their quarterly results on Wednesday and Thursday. Let's take a quick dive into what's expected:
Wednesday, August 7th
Dutch Bros (BROS ☕)
Expected to post an EPS of 0.13 and revenue of 316.8M, Dutch Bros holds a beat rate of 63%. Last year, they reported an EPS of 0.13 and revenue of 249.87M.
Robinhood (HOOD 📈)
The fintech company is set to announce an EPS of 0.15 and revenue of 643.33M. With a beat rate of 66%, can Robinhood exceed expectations? Last year, they reported an EPS of 0.03 and revenue of 486M.
Fastly (FSLY 🌐)
Expected to post an EPS of -0.08 and revenue of 131M, Fastly has a mixed outlook with a beat rate of 55%. Last year, they reported an EPS of -0.04 and revenue of 122.83M.
Bumble (BMBL 💕)
Bumble is anticipated to deliver an EPS of 0.13 and revenue of 273.12M. With a beat rate of 50%, can Bumble surpass these forecasts? Last year, they reported an EPS of 0.05 and revenue of 259.73M.
HubSpot (HUBS 💼)
The company is set to report an EPS of 1.63 and revenue of 619.43M. With a strong beat rate of 85%, will HubSpot impress the market? Last year, they delivered an EPS of 1.34 and revenue of 529.13M.
Beyond Meat (BYND 🍔)
Expected to post an EPS of -0.51 and revenue of 87.8M, Beyond Meat has a mixed outlook with a beat rate of 23%. Last year, they reported an EPS of -0.83 and revenue of 102.14M.
Monster Beverage (MNST 🥤)
The beverage company is anticipated to report an EPS of 0.45 and revenue of 2.01B. With a beat rate of 55%, will Monster manage to impress the market? Last year, they delivered an EPS of 0.39 and revenue of 1.87B.
AppLovin (APP 📱)
AppLovin is projected to deliver an EPS of 0.75 and revenue of 1.08B. Last year, they reported an EPS of 0.22 and revenue of 750.16M.
Thursday, August 8th
Eli Lilly (LLY 💊)
The healthcare giant is set to announce an EPS of 2.70 and revenue of 9.94B. With a beat rate of 71%, can Eli Lilly continue to exceed expectations? Last year, they reported an EPS of 2.11 and revenue of 8.31B.
Datadog (DDOG 🐶)
Expected to post an EPS of 0.37 and revenue of 624.88M, Datadog holds a beat rate of 78%. Last year, they reported an EPS of 0.36 and revenue of 509.46M.
Kohl's (KSS 🛒)
The retailer is anticipated to deliver an EPS of 0.48 and revenue of 3.62B. With a beat rate of 73%, will Kohl's surpass these forecasts? Last year, they reported an EPS of 0.52 and revenue of 3.89B.
Under Armour (UAA 👟)
Under Armour is projected to deliver an EPS of -0.08 and revenue of 1.14B. Last year, they reported an EPS of 0.02 and revenue of 1.31B.
SoundHound (SOUN 🎤)
The AI company is set to announce an EPS of -0.09 and revenue of 13.08M. With a beat rate of 55%, can SoundHound impress the market? Last year, they reported an EPS of -0.10 and revenue of 8.75M.
Unity (U 🎮)
Unity is expected to report an EPS of -0.42 and revenue of 439.45M. With a beat rate of 40%, will Unity manage to meet expectations? Last year, they delivered an EPS of -0.51 and revenue of 533.47M.
Dropbox (DBX 📦)
Dropbox is anticipated to deliver an EPS of 0.52 and revenue of 629.81M. With a beat rate of 84%, investors are keen to see if they can maintain their streak. Last year, they reported an EPS of 0.51 and revenue of 622.50M.
Trade Desk (TTD 📊)
The Trade Desk is projected to deliver an EPS of 0.35 and revenue of 577.79M. With a beat rate of 60%, can they exceed expectations? Last year, they reported an EPS of 0.28 and revenue of 464.25M.
Expedia (EXPE 🌍)
Expected to post an EPS of 3.06 and revenue of 3.53B, Expedia has a beat rate of 55%. Last year, they reported an EPS of 2.89 and revenue of 3.35B.
Gilead Sciences (GILD 💉)
Gilead is set to announce an EPS of 1.60 and revenue of 6.71B. With a beat rate of 68%, can they continue to exceed expectations? Last year, they delivered an EPS of 1.34 and revenue of 6.59B.
🔍 As these giants reveal their financial health, it's not just about the numbers but also the story they tell about the consumer market and economic trends. Keep your portfolios ready for any surprises!
#EarningsSeason #StockMarket #InvestmentInsights
SoundHound Stock Surges 9% on Demand for AI Tools SoundHound ( NASDAQ:SOUN ) AI shares surged over 14% in late trading on Thursday after the company surpassed analysts' first-quarter revenue estimates and raised its full-year sales outlook amid growing demand for artificial intelligence (AI) speech recognition software. The Silicon Valley-based tech company reported revenue of $11.6 million for the three-month period ending March 31, up 73% from the prior year's corresponding quarter and comfortably ahead of the $10.1 million expected by analysts. However, the company posted an net loss of $33 million, or 12 cents a share, wider than the 9 cents per share loss consensus view.
Looking ahead, the company bumped up the lower end of its full-year revenue guidance and now expects the top line to range between $65 million to $77 million, up from its prior forecast of $63 million to $77 million. Wall Street had modeled annual net sales tallying $69.5 million. CEO Keyvan Mohajer said in the company's earnings statement that "Our first quarter sets the tone for 2024 as another year of strong growth for SoundHound ( NASDAQ:SOUN )." The company already has a number of partnerships across restaurants and automobile sectors for its voice AI assistant tools.
Although SoundHound ( NASDAQ:SOUN ) has a market capitalization of just $1.52 billion, it appeared on investors' radar this year after a regulatory filing revealed that AI chipmaker Nvidia (NVDA) had taken a stake in the company, holding 1.73 million shares as of the end of 2023.
Technical Outlook
SoundHound ( NASDAQ:SOUN ) stock is up 9% in Friday's Market trading as of the time of writing with a Relative Strength Index (RSI) of 56 which is prime for further gains in the near term. The stock's daily price charts show a "Cup or U-shaped pattern" in the long term.
SOUN a small cap AI stock ready for a VWAP reversal LONGSOUN on the 15 minute chart as fallen again to the anchored mean VWAP. Each previous
time this has occurred in the past month, price has bounced into the second or third upper
VWAP band line for a bullish momentum move. The mean VWAP is where big players like
to pick up and drop off shares. Liquidity is at the highest. Teh Relative Trend Indicator will
show best entries where the trend is negative but the returns to the chop zone to climb
out of it and go positive. This indicator can function with alerts and notifications. SOUN
uses AI and voice control of it to make apps more user friendly and potent. A similiar stock
is DuoLingo ( DUOL) which also adds language translation into the functionality. Those on a
budget in their trading love the price. Those not on a budget make love the volatility and the
quick profits it can bring if traded properly.
SOUN breaks above falling wedge LONGSOUN has been falling since March 21st and in the past week in a falling wedge pattern.
It broke out above the wedge early in the 4/4 session and I opened my long trade position
soon after in three separate pieces. I have set targets based on pivots or consolidation levels
on the trend down including a standard Fibonacci retracement. The trend up will be
slow perhaps due to the general technology market recovery of the correction made for
the ambiguities of the rate cut. I am projecting a trade profit of 30-40 %.
WULF a high volatility AI penny stock LONGWULF on a daily chart has room to run to a end of the year pivot high and the ATH of July 23
The relative trend indicator shows it rising out of of the chop zone and the RSI shows lines
popping over 50. My targets are 3.1 and 3.8 the red lines from the tweezer tops. PRice has
crossed the mean VWAP a bullish momentum stimulus. It is a cheap but risk way to take
an entry in a swing trade long on WULF and the AI subsector of technology. Upside is 50-75%
overall with a stop loss of 10% raised to break =even once price is 10% above entry and changed
to 5% trailing once price is over 25% above the entry. This is a low time and effort type of trade
meant to extract high profit relative to time/effort also with the use of alerts and notifications
to manage the trade.
DUOL looks to bounce from a fib retracement LONG.DUOL on the 30- minute chart shows a healthy pullback of about 5% from its ATH reached both
Feb 29th and a few days ago. so it is just under a double top. On March 19th, it rallied from
the pullback to put in the second ATH and then dropped 5%. The question here is whether,
CUOL can attract interest volume and so money inflow to allow a price rise (Wychoff''s therory
applied). The bottom wicking on the last two candles is significant and may suggest and
impending reversal. This was a great trade from the earnings. I will not mind at all if
it is setup and ready to go at Monday's morning bell. The predictive algo forecasts a
quick rise to 246 or about 7% upside. DUOL did run up hard before. Recently it may
have attracted some shorts who will sell quickly if a 6% jump occurs. Potentially,
a short squeeze could send DUOL higher than the forecast. Time will tell.
🚀 SoundHound & NVIDIA's B200 Chip: Hold My Beer 🍻Buckle up, buttercup! Word on the street is SoundHound AI is about to drop some serious digits on us about their hands on the B200 AI chip, made with NVIDIA's magic dust.
The Playbook:
Morning Moves: Eyes on the prize at $7.01. If it rockets in the first 20min, I want to buy it. If not, might be a dud. Could nosedive to $6.
Whale Watching: Big fish were nibbling in the $3's pre-NVIDIA bombshell.
Insider Intel: Their director offloaded 100k at $7.12, still clutching 258k. Hmmm.
Stats for Nerds:
195M shares floating around.
108M trading hands on the average lately.
If they file an S-1 then pull the RIP cord
Why This Is Hotter Than Your Morning Coffee:
Brain Meets Brawn: SoundHound's been cooking up something with NVIDIA, and it ain't your grandma's AI chip. This thing's supposed to have more muscle than a gym bro in January.
Tech Tsunami: If the rumors pan out, we're talking about a tech quake that'll ripple through industries like a meme on Twitter. Fasten your seatbelts; it's gonna be a wild ride.
The Gist: Keep your eyes peeled. This ain't just another tech blip on your radar. It's the kind of news that gets our degenerate hearts racing and might just redefine the AI game.
Later, nerds.
SoundHound AI $SOUN - Artificial Intelligence is on the rise!SoundHound AI - Everybody is talking about Artificial Intelligence (AI). The social media buzz is all about AI. The world is asking questions like: What are the possibilities? How far will AI go in its reach into day-to-day society? Meanwhile, AI stocks like NASDAQ:SOUN are becoming more and more popular. If SoundHound's stock price makes it to the $9.00 key zone, it will be 100% away from the all-time high. Can the media buzz propel SoundHound AI to new heights?
DUOL- AI Translation Services for global apps LONGDUOL popped from a 5X earnings beat. I got into this trade last week with a little bump in
relative volume and volatility off-screeners on tech upcoming earnings. The high-tight flag
pattern typically forecasts a leg of a bullish continuation higher after some consolidation.
Options for March 15 went 2.5X overnight. Half the position off the table taking profits.
the other half awaiting the continuation. The risk here is those taking profit or short selling
outnumbering new buyers chasing and causing a fade. Nonetheless, I see the potential for
further profit and will assume the risk.
profit
LUNR Long Position! March 15th Exp. NASDAQ:LUNR has an insane amount of option activity going into this morning 2/27. After reviewing the 15m chart, and seeing all resistance and support levels being hit and broken, i believe as long as it can break the $6.95 marker, it has a chance to gapping up to the $9.50-$11 range before March 15th exp. contracts. Do what you want with this information and analysis.
Follow for more!
SOGP looks for trader capitulation SOGP is a company in the AI subsector focused on voice to text and vice-versa with the twist of
between different languages marketing itself internationally as a penny stock with great
potential upside. If a trader on a low budget wants AI exposure for high potential profit if
patient this one may be better than PLTR because it is a value at a lower price
per share and has not surged already like PLTR. This is similar from SOUN.
On the 120 minute chart, SOGP had a big pop and then a slow fade. The volume has
disappeared as quickly as it came. A descending and falling wedge pattern is seen.
SOGP did 100% in a day and could do it again in the unpredictable near term future.
I will take a long trade in SOGP and hold it for inevitable pop again.
SOUN might be overbought and overvalued for a reversalSOUNDHound AI on the 15 minute on Wednesday 60 hours ago, broke out after a trend down to
begin the year. The tailwinds of the technology stock earnings and their tailwinds pushed hard.
SOUN broke out through the entire high volume area and then rose above it. Pretty much the
same from the lower aVWAP bands into the uppers after crossing over the mean line.
On the three indicators, RSI , MACD and the Chop index bearish diveragence is seen. This may
be an early reversal in progress but then again it might just be prudent traders liquidating to
take full or partial profits to close out the week. I am running full on this, I will watch the
price action early next week to determine a continuation vs a reversal. Relative volume
and relative volatility may show long traders closing with targets reached and shorts taking
their positions causing a pivot high of even a " long squeeze". Alerts and their notifications are
set on a 5-minute time frame to allow for some early warning. On the other hand it SOUN
can put out some higher decibels I may decide to look at the 2/16 options chain and chart
for an OTM call in the $2.5 or $3 range.
SoundHound AI's Stock Soar by Over 50%.Nvidia ( NASDAQ:NVDA ), a powerhouse in the realm of AI technology, recently unveiled its ambitious foray into smaller AI firms, with a particular focus on revolutionizing industries ranging from healthcare to autonomous driving. Among its notable investments stands SoundHound AI ( NASDAQ:SOUN ), a voice AI platform poised for a groundbreaking trajectory. Let's delve into how Nvidia's strategic maneuvers are reshaping the future of AI and propelling companies like SoundHound AI to unprecedented heights.
Nvidia's Bold Moves:
Nvidia's latest disclosure in a 13-F filing with the U.S. SEC revealed its strategic bets on a diverse array of AI firms. Notably, the company's investment in SoundHound AI ( NASDAQ:SOUN ) sparked a seismic shift, catapulting its shares by a staggering 72%. This move underscores Nvidia's acute awareness of the transformative potential of voice AI technologies. With nearly $3.7 million injected into SoundHound AI ( NASDAQ:SOUN ), Nvidia solidifies its position as a key player in shaping the future of voice-driven AI applications.
Unveiling SoundHound AI's Potential:
SoundHound AI ( NASDAQ:SOUN ), renowned for its cutting-edge voice AI platform, emerges as a prime beneficiary of Nvidia's strategic investment. The substantial surge in its stock value underscores the market's recognition of SoundHound AI's disruptive capabilities. By leveraging advanced AI algorithms, SoundHound AI ( NASDAQ:SOUN ) is poised to revolutionize various sectors, including telecommunications, automotive, and consumer electronics. Nvidia's endorsement further validates SoundHound AI's technological prowess and sets the stage for its accelerated growth trajectory.
Navigating the Healthcare Landscape:
Nvidia's strategic investments extend beyond SoundHound AI ( NASDAQ:SOUN ), encompassing healthcare innovators like Nano-X Imaging and Recursion Pharmaceuticals. Nano-X Imaging, a medical device company harnessing AI software for diagnostic analysis, witnessed a notable uptick in its stock value following Nvidia's investment. This synergy between AI and healthcare underscores the transformative potential of technology in revolutionizing medical diagnostics and treatment modalities. With Nvidia's backing, Nano-X Imaging is well-positioned to redefine the future of medical imaging technologies.
Empowering Innovation in Autonomous Driving:
Moreover, Nvidia's strategic investments extend to autonomous driving technology, exemplified by its support for TuSimple Holdings. Despite its recent delisting from Nasdaq, TuSimple Holdings remains a formidable player in the autonomous driving space. Nvidia's infusion of capital reaffirms its commitment to driving innovation in the realm of self-driving vehicles. As the automotive industry undergoes a paradigm shift towards autonomy, strategic partnerships and investments are crucial in accelerating technological advancements.
Conclusion:
SoundHound AI's meteoric rise following Nvidia's endorsement underscores the transformative potential of voice AI technologies. As Nvidia continues to chart new frontiers in AI innovation, the collaborative synergy between industry leaders promises to redefine the future of technology across diverse sectors. With SoundHound AI ( NASDAQ:SOUN ) and other visionary firms at the forefront of this revolution, the stage is set for a future shaped by unprecedented technological advancement and societal transformation.