SOUN - Has it found support?Has it found support here or are we still heading to 7? Analyst have a 1 year target as high as 26. Always have a plan and stick to it. I am keeping an eye on 11.14 Level. GL!
SOUN trade ideas
SOUN – Key Technical Levels in FocusMost are already familiar with the recent Nvidia (NVDA)-SoundHound (SOUN) news—the stock fell 28.1% on Feb 14 after Nvidia disclosed it had sold the remainder of its holdings in the AI voice company. Rather than rehashing the headlines, let’s focus on where things stand now.
Since the sell-off, SOUN has been tracking the SMA 100 without a decisive breakout to the upside. The recent bearish spinning top signaled indecision, and so far, the stock hasn’t gained clear momentum in either direction. If it breaks lower, IMO, the SMA 200 remains the next key support level to watch.
Currently trading at $11.06, SOUN is at a critical juncture. The next move—whether buyers step in or selling pressure continues—will determine the short-term trajectory. Stay tuned—watching closely!
SoundHound AI $SOUN - This Short Trade was $pooky AccurateI always say that "I'm a trader, not a fortune teller", but sheesh, I'm feeling a little magical after this one...🔮🧙🏼♂️🪄
The biggest gains come when you go against the grain. We did exactly that yesterday, and we've being kindly rewarded for it this morning. A bit of luck was definitely involved, but hey, I wouldn't call it luck considering we almost perfectly called it! 🧠🔮🎯
NASDAQ:SOUN has PERFECTLY tested that line of broken resistance as new support, just as it intersected with that level of macro support (prior ATH from early 2024). 📉💥🎯
I'm holding onto 10 contracts just because I think a further descent to $9.50 is likelier than not, but as you know, the -115 contracts I sold this morning went to good use. Now let's talk about where some of those profits went (other than the bank)! 🏦💰📈
Gap Down on Soundhound AI. SOUNThere is a sizeable gap that crosses the low of A. We are probably looking at another Zigzag with a fairly shallow correction on A, which is discernibly fairly standard ABCDE. In our experience any gap almost never get corrected pronto, so we can expect more downward momentum on this stock.
SOUN another AI stock that is consolidatingNASDAQ:SOUN had a huge run up and now is consolidating showing a continuation pattern (ascending triagle).
SOUN - +55% upside 1:3 RRLooks great for a breakout swing trade.
Might need to build some momentum and then I expect it to hit at least all time highs.
SoundHound AI $SOUN to $10 in February viaWe all know that the fundamental momentum behind the A.I. sector has been broken (at least for the moment) with this whole DeepSeek debacle, and in my view, this NASDAQ:SOUN chart has the bearish characteristics to match. 🐶🐋📉
We've got head and shoulders patterns upon head and shoulders patterns! I think that this short term H&S takes NASDAQ:SOUN to $12.50 in the days ahead, with this macro H&S taking us down to $10.25 by mid-February. The long term H&S definitely isn't textbook, but that target also aligns with NASDAQ:SOUN 's prior high from March of 2024 that has yet to be re-tested. You know the drill, prior ceilings = new floors, and this prior resistance is/ was too critical not to be re-tested as new support. 🙆🏻♂️🚀☄️
I know that I've got a sizable put position on deck! 👊🏼💰⚔️
$SOUN demonstrates strong potentialFundamental and Technical Analysis of NASDAQ:SOUN
The stock NASDAQ:SOUN demonstrates strong potential, supported by an impressive revenue forecast of over 14%. This growth projection positions the company as a promising contender in its sector. From a fundamental perspective, NASDAQ:SOUN boasts an exceptionally high fundamentals score, indicating robust financial health and efficient operations.
On the technical front, the stock shows steady upward momentum, supported by strong trading volumes and favorable moving averages. Analysts remain optimistic, highlighting the company's strategic focus and innovative initiatives as key drivers of its projected revenue growth.
Investors may find NASDAQ:SOUN appealing due to its combination of strong fundamentals and growth prospects, making it a noteworthy stock to monitor in 2025.
SOUN - Crank the Volume Up! 80% UpsideNASDAQ:SOUN
Run it back?!
Almost $10 off it's highs and looking to turn the volume back up!
🎯20🎯25🎯31
Not financial advice
SOUN heading for a head and shoulder BEARISHThis stock is heading to a BEARISH predicament.
You can see from the right shoulder forming that if the neckline breaks, this can go down to 7 USD, but if it sustains above the neckline, then there is a change of slow and gradual rise back us.
Soundhound Ai is Trading in very important support levelSoundHound is experiencing a significant pullback today, trading at $12.70 , which represents a nearly 49,15% decline from its previous all-time high of $24.98 .
Since 2023, the stock has seen several notable highs:
- $5.11 on June 26, 2023
- $10.25 on March 14, 2024
- $24.98 on December 26, 2024 (all-time high)
Currently, the price is retracing to $12.70 , which aligns with the support level observed on December 11, 2024 , before the stock surged to its all-time high. This level could play a crucial role in determining the next price direction.
Soundhound Ai Is Trading in very important Support levelSoundHound down today today at $12,70 almost 50% from previous all time high of $24,98
From 2023, we could see different new highs
New high at $5,11 on June 26, 2023
New High at $10,25 on March 14, 2024
New High at $24,98 on December 26, 2024
Now we are having a pullback of almost 50% at $12,70(support level) the same support level on December 11, 2024 before getting to all time new high of 24,98.
Bullish Long-Term OpportunityHello traders,
Here's my bullish analysis on SoundHound AI (SOUN), focusing on long-term potential based on key technical levels and market structure.
Key Observations:
Support Zone: The $10-$12 price level is a strong area of demand, aligning with a large imbalance zone. This area could act as a solid base for a future rally.
Imbalance Zones:
The lower imbalance zone suggests the price may seek to rebalance before a move upward.
The upper imbalance zone near $18-$20 offers a significant target for future price action.
BPR (Break of Price Range): A key mid-zone around $15 provides a potential area for consolidation or retests before continuation.
Price Resistance: The $24 level serves as the ultimate resistance and long-term target for this bullish structure.
Strategy:
Entry: Look for accumulation around the $10-$12 support zone or after price shows confirmation of demand.
Targets:
First Target: $15 (Break of Price Range).
Second Target: $20 (upper imbalance zone).
Final Target: $24 (major resistance).
Stop Loss: Below $9 to minimize risk in case of invalidation.
Supporting Indicators:
RSI: Currently oversold, suggesting a potential reversal is imminent.
Volume: Increasing volume near key support levels signals institutional interest.
Long-Term Outlook:
SoundHound AI is building a strong technical foundation for a bullish trend. With its current structure, the stock offers a great risk-to-reward ratio for long-term investors. As the market rebalances imbalances and tests resistance zones, this could be a strong growth play.
What are your thoughts on this setup? Share your feedback and let’s discuss!
Trade safe and stay patient with the markets! 🚀
#SOUN #TechnicalAnalysis #BullishOutlook #TradingPlan #SupportResistance #AIStocks #LongTermInvesting
Technical Analysis of Stock SOUN 5/8/2024Technical Analysis of Stock SOUN
Introduction:
SOUN, founded by a computer scientist from the dot-com era, has garnered significant attention from investors, including heavyweights like NVDA and Kleiner Perkins. Notably, Kleiner Perkins' backing is a considerable endorsement. The company's innovations, such as AI-powered burger ordering at White Castle, underscore its potential in the market.
Daily Chart Technical Analysis:
Overview:
This analysis delves into both the broader picture and recent price movements of Stock SOUN
Daily Chart #1:
This chart illustrates the complete price history of Stock SOUN, revealing its trajectory since going public in April 2022. After an initial crash to $1 by the end of 2022, the stock traded sideways between $1.60 and $4.70 from January 2023 to February 2024. During this period, it struggled to breach the resistance zone of $3.50 to $4.70. However, by the end of February 2024, a surge in trading volume facilitated a breakout, with the stock reaching a high of $10.25. Subsequently, there was a significant pullback of -65%, bringing the price back to the $3.50 to $4.70 resistance zone.
Observations:
This breakout from an accumulation stage, followed by a pullback to a historically resistant zone, presents a compelling opportunity. The confirmation of the breakout by massive trading volume adds further credibility. We will now assess if there is a viable entry point for a long position.
Daily Chart #2:
Here, we focus on the breakout and subsequent pullback to the $3.50 to $4.70 resistance zone. The breakout on February 26 led to a surge in prices to the $10 range. However, as the breakout reached its peak, a descending triangle formed, indicating an imminent pullback. This pullback retraced the price back to the $3.50 to $4.70 zone, where it found support and broke through the pullback trendline. The price is now attempting to establish the $3.50 to $4.70 zone as a support level, forming an ascending triangle. On May 6th, the price broke out from this triangle and above $4.70. Concurrently, the MACD crossed above its signal, signaling bullish conditions.
Implications:
The technical indicators suggest a favorable outlook, especially with earnings scheduled for May 9, 2024. These factors indicate potentially bullish earnings.
Trade Strategy:
Entry: $4.81
Stop Loss: $4.06 (-15.59%)
Target #1: $10.00 (+107.90%)
Target #2: $15.00 (+211.85%) - There's a possibility of exceeding this target; I'll trail if the price exhibits parabolic movement beyond $15.
SoundHound AI, Inc. (SOUN): High Volatility Testing Support LeveNASDAQ:SOUN
🔥 LucanInvestor’s Strategy:
🩸 Long: Above $20.04, targeting $22 and $24. Positive momentum needed to confirm recovery.
🩸 Short: Below $14.96, aiming for $12 and $10. Increased selling pressure evident from volume.
🔥 LucanInvestor’s Commands:
🩸 Resistance: $20.04. A breakout may restore upward momentum towards $22.
🩸 Support: $14.96. A breakdown risks deeper corrections to $12 and $10.
🩸 SoundHound's rapid descent reflects high volatility in the AI sector. Traders should remain cautious but focused on key levels to leverage both breakout and breakdown opportunities.
👑 "Adaptability is your greatest ally in volatile markets." — LucanInvestor
SoundHound AI, Inc.*SoundHound AI, Inc.*
P&F; Formation on Weekly Basis.
Resistance @ 23.55 / 24.07. BO above these levels required & should Sustain. Then Good to go.
RSI: 1H W<M. All on Bullish Zone.
Strong Vol. Consolidation.
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
AI / Chip war with China might aid company's performance.
If not entered as yet, then good to enter on some retracement.
*This is an Opinion. Do your own research as well.*
*_Happy Investing_*
Buyer Be-Wired: A Deep Dive into SOUN and the Startup PlaybookFor investors diving into the buzzing world of artificial intelligence (AI) stocks, SoundHound AI Inc. (SOUN) may appear enticing. As a niche AI company specializing in voice recognition and sound processing, SOUN has captured attention with its speculative rise in the stock market. However, the company's trajectory suggests a familiar Silicon Valley narrative—one that warrants caution for retail investors. A closer look at the charts, speculative buzz, and business strategy paints a picture of a company that may not be as sound as its name suggests.
A glance at SOUN’s daily chart reveals a rollercoaster of erratic price action. The massive spikes followed by extended consolidations scream speculation rather than sustained growth. These parabolic movements are likely driven by retail investor excitement, rather than a reflection of strong fundamentals. Volume surges during these spikes suggest FOMO (fear of missing out) behavior from buyers who may not fully understand the risks. For disciplined investors, this kind of volatility should raise red flags, not opportunities.
SOUN’s story fits neatly into the classic Silicon Valley “build, pump, and sell” playbook. This strategy, often seen in niche startups, involves developing a highly specialized product, generating buzz, and positioning the company for acquisition rather than long-term independence. SoundHound’s focus on voice recognition and sound processing positions it as a potential component of a larger ecosystem rather than a standalone powerhouse. The company’s niche focus might be valuable to a tech giant seeking to bolster its voice assistant or AI capabilities, but it does little to inspire confidence in its ability to sustain itself independently.
Speculative interest in SOUN likely stems from broader AI hype. The success of major players like NVIDIA has spilled over to smaller, less proven companies in the space. Social media platforms such as Reddit and Twitter (X) are notorious for amplifying small-cap stocks with big promises, and SOUN’s name may have ridden that wave. Additionally, the buzz surrounding its public debut or initial product announcements could have drawn in retail investors, further inflating its speculative valuation.
Startups like SOUN often face significant risks. Their business models typically prioritize scaling over profitability, leading to cash burn and reliance on external funding. For a company like SOUN, the ultimate goal is likely an acquisition by a larger player such as Google, Amazon, or Apple. However, if this exit strategy fails to materialize, the company could struggle to sustain itself, leaving retail investors holding the bag.
SOUN’s story underscores several key lessons for investors. First, it’s crucial to understand a company’s business model and long-term goals. Not every company is building for independence or market dominance; some are simply setting themselves up for acquisition. Second, technical analysis can provide valuable insights into a stock’s behavior. Erratic movements and volume-driven spikes are often signs of speculative activity, not stability. Finally, sticking to a disciplined strategy is essential. If a stock doesn’t align with your trading matrix or risk tolerance, it’s better to pass—no matter how much buzz surrounds it.
While SOUN’s niche positioning and speculative potential may appeal to thrill-seeking traders, it remains a high-risk play with more questions than answers. For long-term investors, the company’s reliance on hype and the possibility of acquisition makes it speculative at best. Before diving into stocks like SOUN, remember not every shiny opportunity is gold. Buyer beware—or in this case, buyer be-wired.
-For a detailed look at SOUN’s cash flow and financial health, you can review their financials on Yahoo Finance
SOUN
The only play for today using my scanner..
I’m primarily looking for either a gap give and go setup or a breakout with a retest. Ideally, I’d aim for a second entry if we move into the 50% pre-market range to achieve a better average fill.
I don’t use a price target; instead, I activate a trailing stop once I’m satisfied with the outcome.
Short SOUN @ $24 looking for at least $15 on downsideSome people never learn.
93% RSI.
Correction inevitable just a matter of patience and correct position size.
Santa came early.
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
Trading JournalI had sold because it was too extended over the all key moving averages,
it set up again, bought again pretty much at sold price and made another move higher.
It is even more extended, hit the all time high price, it can certainly go higher but I rather book profit and let go of remaining profit and get out vs stay in
SoundHound AI Short Trade Setup with Targets📉 SoundHound AI, Inc. (SOUN) – 1H Chart NASDAQ
Here's a short trade setup I’m watching:
Entry Zone: $17.64 - $18.41 (Fibonacci Resistance Zone)
Stop-Loss: $19.14
Targets:
- Target 1: $15.50
- Target 2: $13.60
Trade Rationale:
- Potential wave (5) completion based on Elliott Wave structure.
- Key Fibonacci levels (1.236 to 1.618) acting as resistance.
- Risk-to-Reward Ratio aligns with technical targets.
