SoundHound AI stock price forecast: technicals flag continued downside as SOUN trades near yearly lows

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SoundHound AI down 2.72% today

Highlights

SOUND trades well below major moving averages, reflecting entrenched bearish momentum across all time frames.
Multiple technical indicators signal strong seller dominance and deeply oversold conditions, with no buy signals present.
Expected trading range for the coming week is $5.85 to $6.50, with risk of further declines if $5.85 support fails.

The current price of SOUND ($5.90) sits well below the MA-20 ($7.41), MA-50 ($8.26), and MA-200 ($12.05), reflecting persistent bearish pressure across short-, medium-, and long-term horizons. The Ichimoku Kijun level on D1 is at $7.58, which acts as immediate resistance for the price. Near-term support is clustered around the MA-5/MA-10 region ($6.34–$6.78), while key support lies at MA-20 ($7.41). Immediate resistance aligns with the Ichimoku Kijun ($7.58), with key resistance seen at MA-50 ($8.26).

Momentum indicators on D1 confirm sellers are in control as both MACD and ADX give sell signals, with the ADX pointing to a clear trend. RSI (29.81), Stoch RSI (0.00), and CCI (–150.98) all indicate deeply oversold conditions. The BBP reading (–0.78) confirms strong seller dominance intraday, maintaining bearish momentum. The AO’s negative value further supports this downtrend. SOUND has declined sharply by $0.63 (9.66%) relative to the prior week’s close at $6.53. The price is currently at the very bottom of its weekly range, and weekly volatility stands at 18.43%. This reflects a steady decline from the weekly high, with bearish technicals aligning with recent price action. In today’s session, the stock is down 2.72%, extending its bearish move.

For the coming week, the expected trading range is $5.85 to $6.50, which keeps the price anchored near the 52-week low ($5.86) and well below the 52-week high ($22.17). Both W1 and D1 indicators (RSI, ADX, MACD, MA-50) give no Buy signals, so the probability of a sustained price increase is very low (less than 20%), making further declines more likely. The baseline scenario is continued sideways trading just above major support. Should the price reclaim resistance at $6.34–$6.50, SOUND could see a short-term relief rally, but any break below $5.85 would likely prompt another wave of selling. Given the prevailing oversold conditions, short-term rebounds are possible, but bearish sentiment and trend momentum remain dominant.

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Previously it was reported that SoundHound AI unveiled its agentic voice AI solution for the retail sector at ShoptalkSpring 2026. With the company's continued focus on expanding its AI capabilities, investors should monitor for further partnership announcements or product rollouts that could influence the near-term outlook.

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