SOUN Technical Signal Analysis
SOUN have 3 buy signals and 3 sell signals now. The current trend is uptrend starting from 2025-03-31. The total price change during this trend is +6.65%. Recently, the price has increased significantly with an increase in volume, indicating a strong bullish signal. The average turnover of SOUN over last 5 trading day is $172,096,947.96
3 Bullish Signal
3 Bearish Signal
Name
Signal
Value
Meaning
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 < 20
15.23
Bullish
Moving Average
Price crosses above 5-day SMA
--
Bullish
Moving Average
Price crosses above 200-day SMA
--
Bullish
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-1.38
Bearish
Momentum (10 days)
MOM_10 < 0
-1.19
Bearish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-0.73
Bearish
3 Bullish Signal
Name
Signal
Value
Meaning
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 < 20
15.23
Bullish
Moving Average
Price crosses above 5-day SMA
--
Bullish
Moving Average
Price crosses above 200-day SMA
--
Bullish
SOUN Support and Resistance Level
The support levels for SOUN are at 8.1, 7.44, and 6.39, while the resistance levels are at 10.2, 10.86, and 11.91. With the current stock price at 8.66, it is leaning more toward the support levels.
SOUN Technical Analysis
Technical Analysis of SOUN Stock
Price Action and Volume
- Current Price: $9.82
- Recent High: $10.085
- Recent Low: $9.29
- Volume: 26,203,015
The stock has shown volatility, with a significant volume indicating active trading interest. The price closed positive in the regular market but dipped slightly in after-hours trading.
Technical Indicators
- RSI (6, 12, 14): 52.96, 46.25, 45.32 (below 70, not overbought)
- Stochastic Oscillator (K, D): 53.16, 47.62 (bullish signal as K > D)
- MACD: -0.76 (bearish momentum)
- MACD Histogram: 0.25 (slight bullish divergence)
Fibonacci Levels
- Pivot: $9.39
- Resistance Levels: $10.27, $10.82, $11.71
- Support Levels: $8.50, $7.95, $7.07
The stock is currently near the pivot level, with resistance at $10.27 being a critical hurdle.
Bollinger Bands
- Price Position: 58% above the lower band, 42% below the upper band
- Volatility: Moderate
News Impact
- Short Interest: 32.89% (high, indicating potential volatility)
- Partnership with Nvidia: Positive for long-term growth, enhancing AI capabilities.
Conclusion
Based on the analysis, the stock shows mixed signals. While the RSI and Stochastic indicators are bullish, the MACD remains bearish. The Fibonacci resistance levels pose a challenge. Given the high short interest and current price action, I recommend selling at the current level, targeting the support levels for a better entry point.
Exact Price Recommendation: Sell at $9.82, targeting $8.50 support level.
SOUN FAQs
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SOUN Buy or Sell
SOUN has 3 buy signals and 3 sell signals now. Overall the technical rating for SOUN is Neutral.
Neutral
Sell
3
Buy
3
SOUN Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a positive trend with the 8.66 above the SMA_5. In the short term, the stock shows a negative trend with the 8.47 below the SMA_20. In the mid term, the stock shows a positive trend with the 9.3 above the SMA_60. In the long term, the stock shows a negative trend with the 12.07 below the SMA_200.
Swing
Positive
Stock Price Above SMA_5
Short Term
Negative
SMA_5 Below SMA_20
Mid Term
Positive
SMA_20 Above SMA_60
Long Term
Negative
SMA_60 Below SMA_200
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What do technical indicators suggest about SOUN's current trend?What are SOUN's key support and resistance levels?