What are the short term predictions for soun?

**The short-term predictions for SoundHound AI (SOUN) are cautious, with several factors indicating potential challenges**: 1. **Insider Selling**: The CEO and other insiders have been selling shares, which could be interpreted as a lack of confidence in the company's short-term prospects. 2. **Market Performance**: The stock has shown volatility, with a recent closing price of $3.94 and a 5-day moving average of $3.95. The stock's trading below its 5-day and 10-day moving averages suggests a bearish trend. |Ticker|Name|5-Day Moving Average|10-Day Moving Average|Date|code|market_code| |---|---|---|---|---|---|---| |SOUN.O|SoundHound AI|3.9470|3.9770|20240702|SOUN|185| 3. **Technical Indicators**: The stock's RSI is at 18.78, which is considered oversold. The MACD is negative, and the KDJ is low, indicating a potential lack of momentum. |Ticker|Name|RSI|MACD|KDJ|Date|code|market_code| |---|---|---|---|---|---|---|---| |SOUN.O|SoundHound AI|18.7807||16.6058|20240701|SOUN|185| |SOUN.O|SoundHound AI||-0.0604||20240702|SOUN|185| 4. **Recent News**: There is no recent news that would indicate a positive or negative short-term outlook for the company. In conclusion, while there is no recent news to indicate a positive or negative short-term outlook for SoundHound AI, the insider selling and the bearish technical indicators suggest that the stock may face challenges in the short term. Investors should exercise caution when considering an investment in SOUN in the near term.