SoundHound AI Stock: Upcoming Impact on SOUN Stock

Table of Contents

1. Introduction
2. Stock Performance Analysis
   • 2.1 Closing Price on September 28th, 2020
   • 2.2 Previous Coverage on September 8th
   • 2.3 Retracement and Weakness in Moving Average
   • 2.4 Brief Bottom and Sideways Movement
   • 2.5 Strength and Resistance on September 18th
   • 2.6 Non-stop Retracement until September 26th
   • 2.7 Return and Rebound from September 27th
   • 2.8 Peak of Strength on October 5th
   • 2.9 Retracement from October 6th onwards
   • 2.10 Price Projections and Fibonacci Levels
3. Future Outlook
   • 3.1 Predictions and Projections
   • 3.2 Validation of Projections
   • 3.3 News and Partnerships
4. Conclusion

SoundHound AI Stock Analysis

Introduction

In this article, we will analyze the performance of SoundHound AI stock and provide insights into its future outlook. SoundHound AI stock closed at $11.89 on September 28th, 2020. We previously covered this stock on September 8th and observed a predicted retracement Based on the 10-day moving average. In this article, we will discuss the stock's recent movements, projections, and partnerships.

Stock Performance Analysis

2.1 Closing Price on September 28th, 2020

As of September 28th, 2020, SoundHound AI stock closed at $11.89. This provides a starting point for analyzing its recent performance and predicting future trends.

2.2 Previous Coverage on September 8th

During our previous coverage on September 8th, we observed that the predictive 10-day moving average indicated a potential retracement and weakness in the stock. This prediction has proven to be accurate as we will discuss in the following sections.

2.3 Retracement and Weakness in Moving Average

From September 8th onwards, SoundHound AI stock experienced a period of retracement and weakness. The moving average supported this prediction and indicated a decline in the stock's value. This weakness continued until September 15th, showing a decline in prices.

2.4 Brief Bottom and Sideways Movement

After the period of weakness, the stock reached a brief bottom on September 14th and 15th. During this time, there was a sideways movement in the stock's price. However, this movement was short-lived as the stock quickly spiked and encountered resistance on September 18th.

2.5 Strength and Resistance on September 18th

Contrary to the predicted weakness, SoundHound AI stock showed unexpected strength on September 18th. This demonstrated a deviation from the previous projection and indicated a temporary shift in the stock's performance.

2.6 Non-stop Retracement until September 26th

Following the strength observed on September 18th, the stock entered a period of non-stop retracement until September 26th. This retracement showed a continuous decline in prices and showcased the volatility of the stock's performance.

2.7 Return and Rebound from September 27th

From September 27th, SoundHound AI stock started to Show signs of a return and rebound. The stock exhibited strength once again, and the predictive moving average indicated that this strength would Continue for several trading Sessions.

2.8 Peak of Strength on October 5th

According to the projections and predictive moving average, we anticipate the peak of strength for SoundHound AI stock to occur on October 5th. This would mark a period of positive outcomes for the stock, lasting approximately seven trading sessions.

2.9 Retracement from October 6th onwards

After reaching the peak of strength on October 5th, it is expected that SoundHound AI stock will experience a retracement. This retracement may continue until October 6th or beyond, leading to a period of weakness in the stock's performance.

2.10 Price Projections and Fibonacci Levels

The projections and Fibonacci levels provide insights into the future price movements of SoundHound AI stock. As of now, the price is slightly below the Fibonacci projection of $1.91. The previous projections of $4.72, $2.68, $1.91, and $1.42 remain intact, indicating potential price targets in the future.

Future Outlook

3.1 Predictions and Projections

Based on the Current analysis and historical performance, the predictions and projections for SoundHound AI stock are positive. The stock is projected to reach a higher price of $2.48 on October 5th. However, it is important to note that these predictions are subject to market conditions and should be closely monitored for validation.

3.2 Validation of Projections

To validate the accuracy of the projections, it is crucial to observe the stock's performance in the coming days. The strength observed from September 27th to October 5th will provide insights into the reliability of the predictions. Investors are advised to closely analyze the stock's movement during this period.

3.3 News and Partnerships

In recent news, SoundHound AI has formed a partnership with Olo to provide voice artificial intelligence ordering services for restaurants. This partnership, conducted through the Olo connect partner program, allows SoundHound AI to process voice orders placed at drive-thrus, install kiosks, or over the phone using AI technology. This news has positively impacted the stock, leading to a gain of 3.99% on September 28th.

Conclusion

In conclusion, SoundHound AI stock has shown a mix of retracement, strength, and resistance in its recent performance. The projections indicate potential future growth, but validation is required to assess the accuracy of these predictions. The partnership with Olo provides promising opportunities for the company. Investors should closely monitor the stock's movement and consider these factors when making investment decisions.

Highlights:

• SoundHound AI stock closed at $11.89 on September 28th, 2020
• Previous coverage on September 8th predicted retracement and weakness
• Retracement and weakness occurred until September 15th
• Brief bottom and sideways movement on September 14th and 15th
• Unexpected strength observed on September 18th
• Non-stop retracement until September 26th
• Return and rebound from September 27th
• Peak of strength projected on October 5th
• Retracement expected from October 6th onwards
• Partnership with Olo for Voice AI ordering services

FAQ

Q: What was the closing price of SoundHound AI stock on September 28th, 2020? A: The closing price of SoundHound AI stock on September 28th, 2020, was $11.89.

Q: How accurate were the previous projections for SoundHound AI stock? A: The previous projections for SoundHound AI stock have shown accuracy in predicting retracement and weakness in the stock's performance.

Q: When is the peak of strength expected for SoundHound AI stock? A: The peak of strength for SoundHound AI stock is projected to occur on October 5th.

Q: What partnership has SoundHound AI formed recently? A: SoundHound AI has formed a partnership with Olo to provide voice artificial intelligence ordering services for restaurants.

Q: How has the partnership impacted the stock's performance? A: The partnership with Olo has positively impacted the stock, leading to a gain of 3.99% on September 28th.