C3.ai Stock Forecast
C3.ai stock upgraded to Hold/Accumulate.
(Updated on Mar 28, 2024)
The C3.ai stock price fell by -0.697% on the last day (Thursday, 28th Mar 2024) from $27.26 to $27.07. During the last trading day the stock fluctuated 2.66% from a day low at $27.03 to a day high of $27.75. The price has fallen in 7 of the last 10 days and is down by -6.98% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -406 thousand shares and in total, 3 million shares were bought and sold for approximately $83.55 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $26.46 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 11.24% during the next 3 months and, with a 90% probability hold a price between $29.44 and $42.53 at the end of this 3-month period.
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AI Signals & Forecast
There are few to no technical positive signals at the moment. The C3.ai stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $27.70 and $29.52. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 29, 2024, and so far it has fallen -26.78%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for C3.ai stock
C3.ai finds support from accumulated volume at $26.84 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 $0.720 between high and low, or 2.66%. For the last week, the stock has had daily average volatility of 3.71%.
C3.ai is oversold on RSI14 (11). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: $25.78 (-4.78%) (This stock has high daily movements and this gives high risk. Low RSI14 is 11 which reduces the risk some. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (AI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect C3.ai, Inc. to open at $27.28, and during the day (based on 14 day Average True Range), to move between $25.54 and $28.60, which gives a possible trading interval of +/-$1.53 (+/-5.64%) up or down from last closing price. If C3.ai, Inc. takes out the full calculated possible swing range there will be an estimated 11.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $26.84 (0.85%) than the resistance at $28.47 (5.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is C3.ai, Inc. stock A Buy?
C3.ai holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.804 Hold/Accumulate Upgraded
Predicted Opening Price for C3.ai, Inc. of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$27.28 ( 0.788%) | $27.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 28.00 | 3.45 % | |
R2 | 27.73 | 2.43 % | ||
R1 | 27.56 | 1.80 % | ||
Current price: | 27.07 | |||
Support | S1 | 27.01 | -0.228 % | |
S2 | 26.84 | -0.85 % | ||
S3 | 26.56 | -1.87 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 31.18 | 15.18 % | |
R2 | 28.74 | 6.17 % | ||
R1 | 28.47 | 5.17 % | ||
Current price | 27.07 | |||
Support | S1 | 26.84 | -0.85% | |
S2 | 26.44 | -2.33% | ||
S3 | 26.01 | -3.92% |
AI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 17, 2019 | Dec 30, 2019 | Feb 03, 2020 | $0.225 | 0% |
2 | Sep 17, 2019 | Sep 27, 2019 | Oct 31, 2019 | $0.225 | 0% |
3 | Jun 24, 2019 | Jul 03, 2019 | Jul 31, 2019 | $0.225 | 0% |
4 | Mar 19, 2019 | Mar 28, 2019 | Apr 30, 2019 | $0.375 | 0% |
5 | Dec 14, 2018 | Dec 28, 2018 | Jan 31, 2019 | $0.375 | 0% |
FAQ
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