SOUNDHOUND AI INC. - Daily - Technical analysis published on 07/31/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
28%
17%
56%
My opinion
Bullish above 4.68 USD
My targets
5.44 USD (+9.84%)
5.52 USD (+11.52%)
My analysis
SOUNDHOUND AI INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 4.68 USD. The next resistance located at 5.44 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 5.52 USD. After this resistance, buyers could then target 6.20 USD.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
3.6
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by jarias81197. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SOUNDHOUND AI INC. price is 4.95 USD. On the day, this instrument gained +3.56% with the lowest point at 4.81 USD and the highest point at 5.14 USD. The deviation from the price is +2.91% for the low point and -3.70% for the high point.4.81
5.14
4.95
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of SOUNDHOUND AI INC. in Daily shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 10 are neutral and 3 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.60 | 3.55 | 4.68 | 4.95 | 5.52 | 6.20 | 7.42 |
| Change (%) | -47.47% | -28.28% | -5.45% | - | +11.52% | +25.25% | +49.90% |
| Change | -2.35 | -1.40 | -0.27 | - | +0.57 | +1.25 | +2.47 |
| Level | Intermediate | Intermediate | Major | - | Major | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.46 | 4.64 | 4.79 | 4.97 | 5.12 | 5.30 | 5.45 |
| Camarilla | 4.86 | 4.89 | 4.92 | 4.95 | 4.98 | 5.01 | 5.04 |
| Woodie | 4.46 | 4.63 | 4.79 | 4.96 | 5.12 | 5.29 | 5.45 |
| Fibonacci | 4.64 | 4.76 | 4.84 | 4.97 | 5.09 | 5.17 | 5.30 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.74 | 4.05 | 4.59 | 4.90 | 5.44 | 5.75 | 6.29 |
| Camarilla | 4.89 | 4.96 | 5.04 | 5.12 | 5.20 | 5.28 | 5.35 |
| Woodie | 3.85 | 4.11 | 4.70 | 4.96 | 5.55 | 5.81 | 6.40 |
| Fibonacci | 4.05 | 4.38 | 4.58 | 4.90 | 5.23 | 5.43 | 5.75 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.24 | 3.05 | 3.50 | 4.31 | 4.76 | 5.57 | 6.02 |
| Camarilla | 3.60 | 3.72 | 3.84 | 3.95 | 4.07 | 4.18 | 4.30 |
| Woodie | 2.06 | 2.96 | 3.32 | 4.22 | 4.58 | 5.48 | 5.84 |
| Fibonacci | 3.05 | 3.53 | 3.83 | 4.31 | 4.79 | 5.09 | 5.57 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 51.91 | |
| MACD (12,26,9): | 0.1000 | |
| Directional Movement: | 4.15 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 5.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.59 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 6.13 | |
| Zig ZAG (10): | 4.95 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 33.62 | |
| TEMA (21): | 5.07 | |
| Williams %R (14): | -72.12 | |
| Chande Momentum Oscillator (20): | -1.25 | |
| Repulse (5,40,3): | -5.7500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4500 | |
| Courbe Coppock: | 16.20 |
| MA7: | 4.88 | |
| MA20: | 4.90 | |
| MA50: | 4.72 | |
| MA100: | 5.05 | |
| MAexp7: | 4.93 | |
| MAexp20: | 4.87 | |
| MAexp50: | 4.76 | |
| MAexp100: | 4.57 | |
| Price / MA7: | +1.43% | |
| Price / MA20: | +1.02% | |
| Price / MA50: | +4.87% | |
| Price / MA100: | -1.98% | |
| Price / MAexp7: | +0.41% | |
| Price / MAexp20: | +1.64% | |
| Price / MAexp50: | +3.99% | |
| Price / MAexp100: | +8.32% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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