8 and below based on the TAWith the turnover MACD and other oscillators, the overbought areas allow it to retrace to a support position.
SOUN trade ideas
SOUN: Testing the 200-Day — Inflection Point AheadSOUN is back at its 200-day moving average — a key level that's held before, and now it’s under pressure again. No clean break yet, but the setup is looking vulnerable.
If it loses this level with conviction, downside momentum could accelerate fast. I’ve got eyes on $6.03 as the next major support zone.
This is where the bulls need to step in — or risk a deeper move. Watching closely. 👀
$soun is an a picture perfect setup!After breaking out of cup and handle soun is bullishly retesting it's neckline. This will test it's previous highs shortly. It's oversold and has many bullish div's
$SOUN Gearing Up For Blast OffNASDAQ:SOUN is looking ready to move back to its highs from several months ago after getting brutally sold off. The completed bullish harmonic pattern coupled with the potential bearish harmonics is a classic setup that can slingshot a stocks price rapidly. Additionally the stock has just finished an Elliot Wave cycle to the down side and is ready to retrace back to the upper Fibonacci levels. RSI on the daily has crossed over its EMA to confirm momentum in the upward direction. We could see $19 in one or two months.
SOUN: Updated Chart & Key Support LevelsSoundHound bounced perfectly off the SMA 200 ($8.28), confirming it as key support (S1). This remains a critical level to hold.
I’ve now added S2 ($7.94), S3 ($7.28), and S4 ($6.10) as additional downside levels to watch. If the SMA 200 fails, I’d anticipate further downside, especially in the current bearish market environment.
Keeping a close eye on price action at these levels. Stay tuned for updates.
Above $11.93 with Follow Through Above $12.50 Confirms a bottomIn lieu of such price action, we retain the ability to make one more low. In the very short term and observing the micro price action $11.79 could extend our black wave (iv) but above $11.93 with price action to get above $12.50 and I start to lean on the purple count.
Best to all,
Chris
SOUN: Key Support in FocusSoundHound has remained on a downward trajectory, and now all eyes are on the SMA 200 as the next key support level. With the stock approaching this level, how it reacts here will be critical in determining the next move.
A strong bounce here could indicate some stabilization, while a decisive break below would suggest continued downside pressure. Keeping a close watch to see if buyers step in or if this support fails to hold.
Stay tuned. 👀
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 – 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!
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.
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)! 🏦💰📈
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
