Technical analysis of soundhound

SoundHound AI, Inc. (SOUN) currently exhibits a mixed technical picture with signals suggesting both potential for growth and some caution:

1. **Moving Averages**: The stock's 5-Day Moving Average (MA) is $4.85, the 10-Day MA is $4.96, and the 20-Day MA is $4.90. The proximity of these short-term MAs to the current price suggests that the stock is trading in a narrow range, which could indicate a lack of momentum or a consolidation period before a potential breakout.

|Ticker|Name|5-Day Moving Average|20-Day Moving Average|10-Day Moving Average|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|SOUN.O|SoundHound AI|4.8460|4.9035|4.9570|20240730|SOUN|185|

2. **MACD**: The Moving Average Convergence Divergence (MACD) is -0.07, which typically indicates a bearish trend. However, a negative MACD can also occur during a consolidation phase, so it may not necessarily point to a continuation of the downward trend.

|Ticker|Name|MACD|KDJ|RSI|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|SOUN.O|SoundHound AI|-0.0661|35.4702|50.4976|20240730|SOUN|185|

3. **RSI**: The Relative Strength Index (RSI) is 50.5, which is near the midpoint of the 30-70 range and does not provide a strong indication of either overbought or oversold conditions. This could suggest that the stock is neither in an extreme buying nor selling condition.
4. **Support and Resistance Levels**: The current support level is $4.81, and the resistance level is $5.14. The proximity of the stock price to the resistance level could indicate a potential for upward movement if the price breaks through this level.

|Ticker|Name|Support Level|Resistance Level|Date|code|market_code|
|---|---|---|---|---|---|---|
|SOUN.O|SoundHound AI|4.8100|5.1400|20240730|SOUN|185|

5. **Technical Sentiment**: The overall technical sentiment is mixed, with some indicators suggesting a buy signal while others suggest a sell. For instance, the 10-Day and 50-Day exponential MAs, as well as the 5-Day simple MA, indicate a buy signal, while the MACD and RSI suggest a sell signal.
6. **Net Fund Flow**: The net fund flow is -$46,713.7, which indicates that more funds are leaving the stock than entering, which could be a bearish sign.

7. **Forecast Price**: There is no available forecast price for the next five trading days. However, the lack of a forecast price does not necessarily indicate a strong trend either way.
8. **Pivot Points**: Pivot points calculated for SoundHound AI, Inc. Class A (SOUN) suggest a buy signal based on the classic and Fibonacci methods.

In conclusion, while there are some indicators suggesting a potential for SoundHound AI, Inc. to rise, such as the buy signals from the moving averages, there are also indicators pointing to caution, such as the negative MACD and the negative net fund flow. The mixed technical picture suggests that investors should exercise caution and consider these signals alongside other factors when making investment decisions.