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SOUN Bearish Weeks to Monitor

Written By: ChartChamp

June 24, 2024

SOUN’s seasonality is 50% bullish over the next 3 months (we are limited to just 2 years of data). I think July is likely to be bullish as SOUN approaches the upcoming August 5 earnings date. SOUN has rallied in the two previous earnings announcements, and has been showcasing strong revenue growth. I think this upcoming earnings announcement will have some hype around it again.

However, there are some key weeks that are seasonally bearish. This is my warning that the price could drop during these weeks, and that these are the target weeks for buying on dips:

July 1: -19.64% decline on average
July 29: -9.51% decline on average
Sept. 9: -4.75% decline on average

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