High volatility in C3.ai stock price on Friday which ended trading at $28.48

The C3.ai stock price gained 33.65% on the last trading day (Friday, 3rd Mar 2023), rising from $21.31 to $28.48. During the last trading day the stock fluctuated 20.43% from a day low at $24.03 to a day high of $28.94. The price has been going up and down for this period, and there has been a 17.54% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 60 million more shares were traded than the day before. In total, 75 million shares were bought and sold for approximately $2.14 billion.

DA Davidson is very positive about AI and gave it a "" rating on Feb 03, 2023. The price target was set to 30.Over the last 90 days, this security got 1 buy, 2 sell, and 0 hold ratings.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled.Given the current short-term trend, the stock is expected to rise 97.29% during the next 3 months and, with a 90% probability hold a price between $41.95 and $63.79 at the end of this 3-month period.

The C3.ai stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $22.94 and $20.18. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 01, 2023, and so far it has risen 37.39%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

C3.ai finds support from accumulated volume at $27.55 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $4.91 between high and low, or 20.43%. For the last week, the stock has had daily average volatility of 10.57%.

C3.ai holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.