Our mission is to help you obtain financial freedom. Checkout Our Youtube Channel Checkout Our Youtube Channel
Blog

SOUN Bearish Weeks to Monitor

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

ChartChamp socials: https://linktr.ee/realchartchamp

0 Comments
Inline Feedbacks
View all comments

More ClearValue Insights

Default Thumbnail

Downward May Continue But Lookback Put Options Could Provide Portfolio Protection

The S&P 500 has achieved 38 new all-time highs in 2024, making it one of the most successful years in nearly a century. Nonetheless, last week was not very favorable for the index, as it experienced its worst week since, and although it has managed to start off this week on a positive note, there […]

Read More
Default Thumbnail

RIVN Hasn’t Reached the Price Target

RIVN had a nice rally in July, and I believe there is still some upside to the red resistance line around $19-20. There have been pullbacks along the way, but the red resistance line is likely to have a lot of sellers. I would exit at the red trendline, and I still like RIVN as […]

Read More
Default Thumbnail

HOLO Trading Near Resistance

HOLO is trading near the upper range of the yellow falling wedge. There is resistance around 56 cents, and next week the bullish seasonality trend starts. Very interesting trade setup here, I’m curious to see if HOLO forms a bullish breakout next week. Follow me on social media: https://linktr.ee/realchartchamp

Read More