SOUNDHOUND AI INC. - 1H - Technical analysis published on 07/31/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 4.90 USD
My targets
5.25 USD (+6.06%)
5.52 USD (+11.52%)
My analysis
The basic trend is currently slightly bullish on SOUNDHOUND AI INC. and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 4.90 USD, purchases could be favourable. The first bullish objective would be the resistance located at 5.25 USD. Then the price could move towards 5.52 USD. Then 6.20 USD by extension. A return under the support to 4.90 USD could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.5
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This analysis was given by jarias81197. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SOUNDHOUND AI INC. rating is 4.95 USD. The price registered an increase of +3.56% on the session and was between 4.81 USD and 5.14 USD. This implies that the price is at +2.91% from its lowest and at -3.70% from its highest.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
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of SOUNDHOUND AI INC. indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. The overall trend remains fragile, as do the slightly bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.86 | 4.37 | 4.68 | 4.95 | 5.25 | 5.52 | 6.20 |
| Change (%) | -22.02% | -11.72% | -5.45% | - | +6.06% | +11.52% | +25.25% |
| Change | -1.09 | -0.58 | -0.27 | - | +0.30 | +0.57 | +1.25 |
| Level | Intermediate | Minor | Major | - | Intermediate | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position 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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.21 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 7.47 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 4.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.08 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 4.73 | |
| Zig ZAG (10): | 4.95 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 33.33 | |
| TEMA (21): | 4.92 | |
| Williams %R (14): | -61.22 | |
| Chande Momentum Oscillator (20): | 0.03 | |
| Repulse (5,40,3): | 0.3600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 5.58 |
| MA7: | 4.88 | |
| MA20: | 4.90 | |
| MA50: | 4.72 | |
| MA100: | 5.05 | |
| MAexp7: | 4.91 | |
| MAexp20: | 4.91 | |
| MAexp50: | 4.94 | |
| MAexp100: | 4.92 | |
| Price / MA7: | +1.43% | |
| Price / MA20: | +1.02% | |
| Price / MA50: | +4.87% | |
| Price / MA100: | -1.98% | |
| Price / MAexp7: | +0.81% | |
| Price / MAexp20: | +0.81% | |
| Price / MAexp50: | +0.20% | |
| Price / MAexp100: | +0.61% |
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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