SOUN Price Prediction Next Week
Based on the provided data and recent market activity, here's a comprehensive analysis for SOUN's price prediction for next week:
Technical Analysis
The stock is currently showing mixed technical signals:
- RSI at 42.37 indicates neutral momentum but slightly leaning towards oversold territory
- Current price at $13.82 is trading below its 20-day SMA of $18.38, suggesting short-term bearish pressure
- Recent price action shows high volatility with significant volume of 64.8M shares traded
News Sentiment Analysis
Recent significant developments:
- Validea's Twin Momentum Investor model gave SOUN a 100% rating, indicating strong fundamental and price momentum
- The company has expanded its market potential beyond restaurants into automotive applications
- Recent partnership announcement with Lucid for EV voice assistant implementation
- Management increased 2024 revenue guidance by nearly 20% in past 6 months
- Projected 2025 revenue guidance of $165 million (midpoint)
Risk Factors
- Declining cash position from $226M to $136M as of Sept 30
- Still not profitable, relying on equity financing
- High valuations (35x sales) raise concerns about sustainability
- Increasing competition from major players like Alphabet
Price Prediction for Next Week
Based on technical indicators and news sentiment:
- Support level: $12.92 (Fibonacci S1)
- Resistance level: $16.91 (Fibonacci pivot)
- Primary target: $15.50-16.00
The stock is likely to experience a moderate bounce from current levels due to:
- Oversold conditions after recent pullback
- Strong fundamental momentum indicated by Validea rating
- Positive sentiment from Lucid partnership
Trading Recommendation BUY with entry around $13.80-14.00
- Initial target: $15.50 (+12%)
- Stop loss: $12.90 (-6.5%)
- Risk/reward ratio: 1:1.85
The stock shows potential for upward movement in the short term, supported by positive business developments and technical bounce potential from oversold levels. However, traders should maintain strict risk management due to the stock's high volatility and valuation concerns.
SOUN Similar Chart Price Prediction
The price of SOUN is predicted to go up 0.83%, based on the high correlation periods with SITM. The similarity of these two price pattern on the periods is 95.8%.
SOUN
SITM
Up: 0.83%Similarity: 95.8%
SOUN Stock Forecast & Prediction For Years 2025, 2026, 2027, 2028, 2029 and 2030
Year
SOUN Price Forecast($)
Potential Return(%)
2025
26.000
84.530
2026
20.000
41.940
2027
35.000
147.960
2028
35.000
147.960
2029
35.000
147.960
2030
50.000
254.230