Home
News
- 1 AI stock price fell 3.65% on Friday’s session and closed at $24.31.
- 2 C3.ai Inc. stock (NYSE: AI) persists in a short-term bearish-dominated trend.
- 3 C3.ai Inc. is showing the continuation of the correction phase in this quarter.
C3.ai Inc. (AI) stock price slipped 3.65% intraday on Friday and closed the week with a loss of approximately 2.92%. The stock price has been bearish in this quarter as the stock price trades below the high of the current quarter.
Moreover, the combined price analysis of the recent quarters shows that the stock price opted for a bullish trend after recovering from a low of $10.16. The investors turned aggressive from the very start of the financial year 2023 and hiked the C3.ai stock price to shift the trend.
C3.ai Stock Price Analysis Over Daily Chart
Also, the price trend analysis shows that the C3.ai stock price has risen, forming a consolidation followed by a price surge. The recent quarters saw a price hike from a low of $10 to a high of $48. The bears dominated near the $50 level and the bulls lost their momentum.
Thereafter, the AI stock has been dominated by bears and has been declining continuously forming lower highs. The price has currently reached a low of $24.31 and shows a consolidation.
C3.ai Stock Price Forecast For Coming Sessions
The price forecast in the near term stays on the bearish side as the short term is bearish-dominated. The AI stock has immediate support at $20 up to which the price may fall.
The $20 is a psychological level and a strong demand zone as the previous breakout came after surpassing the $20 level. The long-term trend still stands on the neutral to bullish side.
The overall technical opinion rating including RSI and MACD signals a 72% “sell” with a strengthening short-term outlook on maintaining the current direction.
The analysts offering a 1-year price forecast for the C3.ai stock have a maximum potential of 72.77% on the upside which could lead the price to a high of $42. The minimum estimate of the analysts expects a drawdown of 42.41% from the current price and may the price to a low of $14.
Conclusion
The C3.ai stock price has been falling from a high of $48 to a low of $24.31, forming lower highs. The price is below the high of the current quarter and trades below the 50-day EMA. The price has strong support at $20 which is a psychological level and a previous breakout point.
Moreover, the price may decline further to reach the $20 level. The long-term trend is neutral to bullish but the short-term trend is bearish. The technical indicators signal a 72% “sell” for the stock. C3.ai Inc. is an artificial intelligence company.
Technical Levels
- Support levels: $23.41 and $20.34
- Resistance levels: $27.40 and $30.97
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
