Shares of SoundHound AI (SOUN) have been volatile in 2026. The stock gained last week after the company reported record revenue of $61.9 million, up 45% year-over-year. However, SOUN stock has since faced pressure as investors weigh its losses and cash burn. Currently, technical indicators point to a Buy signal. Here’s a closer look at what the charts suggest for the stock’s next move.
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For context, technical analysis studies a stock’s past price movements and trading volume to predict future trends. It uses tools like moving averages, RSI, and chart patterns to identify Buy or Sell signals. In this context, TipRanks’ Technical Analysis tool simplifies this process by combining multiple indicators into one easy-to-understand dashboard for users.
SOUN’s Technical Analysis
According to TipRanks, SOUN currently has a Buy signal based on its overall consensus. Meanwhile, its moving averages consensus points to a Strong Buy based on 10 bullish and two bearish signals.
In addition, the stock is trading above both its 20-day and 50-day exponential moving averages (EMAs). SOUN shares are at $7.36, compared with the 20-day EMA of $6.59 and the 50-day EMA of $6.86. Trading above these key moving averages is generally viewed as a Buy signal, suggesting positive short-term momentum.
On the other hand, SoundHound’s MACD stands at 0.04 but still indicates a Sell signal, suggesting that recent momentum remains weak relative to its signal line. The Moving Averages Convergence Divergence (MACD) is a technical indicator used to track a stock’s momentum and trend.
More Technical Indicators for SOUN
Another key indicator is the Relative Strength Index (RSI), which measures whether a stock is overbought or oversold. SoundHound’s RSI stands at 69.98, placing it in neutral territory. This suggests the stock is neither overbought nor oversold at current levels.
Meanwhile, the Rate of Change (ROC) is at 27.10. A positive ROC generally supports a bullish signal because the stock is gaining value compared with its earlier price. In simple terms, it shows strong upward price momentum.
What Is the Price Target for SOUN?
While the technical indicators offer a mixed view, Wall Street remains bullish on SoundHound AI. According to TipRanks, SOUN stock has received a Strong Buy consensus rating, with four Buys and one Hold assigned in the last three months. The average SoundHound stock price target is $12, suggesting a potential upside of 63.27% from the current level.
