SOUNDHOUND AI INC. - 1H - Technical analysis published on 08/17/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
17%
39%
44%
My opinion
Neutral between 4.87 USD and 5.07 USD
My targets
-
My analysis
The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 4.87 USD. The first resistance is located at 5.07 USD. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by SOUNDHOUND AI INC..
In the very short term, technical indicators are bearish and could soon allow change to a bearish sentiment.
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Additional analysis
Quotes
The SOUNDHOUND AI INC. price is 4.97 USD. The price has increased by +0.40% since the last closing and was traded between 4.90 USD and 5.04 USD over the period. The price is currently at +1.43% from its lowest and -1.39% from its highest.4.90
5.04
4.97
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this SOUNDHOUND AI INC. chart shows a slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could turn neutral or reverse given the slightly bearish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 7 technical indicators out of 18 studied are currently positioned bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.37 | 4.68 | 4.87 | 4.97 | 5.31 | 5.52 | 6.20 |
| Change (%) | -12.07% | -5.84% | -2.01% | - | +6.84% | +11.07% | +24.75% |
| Change | -0.60 | -0.29 | -0.10 | - | +0.34 | +0.55 | +1.23 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | 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 | 4.76 | 4.83 | 4.90 | 4.97 | 5.04 | 5.11 | 5.18 |
| Camarilla | 4.93 | 4.94 | 4.96 | 4.97 | 4.98 | 5.00 | 5.01 |
| Woodie | 4.76 | 4.83 | 4.90 | 4.97 | 5.04 | 5.11 | 5.18 |
| Fibonacci | 4.83 | 4.88 | 4.92 | 4.97 | 5.02 | 5.06 | 5.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.80 | 4.26 | 4.61 | 5.07 | 5.42 | 5.88 | 6.23 |
| Camarilla | 4.75 | 4.82 | 4.90 | 4.97 | 5.04 | 5.12 | 5.19 |
| Woodie | 3.76 | 4.23 | 4.57 | 5.04 | 5.38 | 5.85 | 6.19 |
| Fibonacci | 4.26 | 4.57 | 4.76 | 5.07 | 5.38 | 5.57 | 5.88 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.16 | 2.49 | 3.79 | 5.12 | 6.42 | 7.75 | 9.05 |
| Camarilla | 4.37 | 4.61 | 4.85 | 5.09 | 5.33 | 5.57 | 5.81 |
| Woodie | 1.15 | 2.48 | 3.78 | 5.11 | 6.41 | 7.74 | 9.04 |
| Fibonacci | 2.49 | 3.50 | 4.12 | 5.12 | 6.13 | 6.75 | 7.75 |
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): | 47.56 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -1.23 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 4.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.16 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 4.73 | |
| Zig ZAG (10): | 4.97 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 26.92 | |
| TEMA (21): | 4.94 | |
| Williams %R (14): | -73.08 | |
| Chande Momentum Oscillator (20): | -0.03 | |
| Repulse (5,40,3): | 0.1100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 1.32 |
| MA7: | 5.02 | |
| MA20: | 4.83 | |
| MA50: | 4.67 | |
| MA100: | 4.74 | |
| MAexp7: | 4.97 | |
| MAexp20: | 5.00 | |
| MAexp50: | 4.97 | |
| MAexp100: | 4.90 | |
| Price / MA7: | -1.00% | |
| Price / MA20: | +2.90% | |
| Price / MA50: | +6.42% | |
| Price / MA100: | +4.85% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.60% | |
| Price / MAexp50: | -0% | |
| Price / MAexp100: | +1.43% |
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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