C3.ai Stock Forecast
Green day on Friday for C3.ai
(Updated on Apr 26, 2024)
The C3.ai stock price gained 3.02% on the last trading day (Friday, 26th Apr 2024), rising from $22.16 to $22.83. During the last trading day the stock fluctuated 3.42% from a day low at $22.09 to a day high of $22.84. The price has risen in 6 of the last 10 days and is up by 1.78% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 930 thousand more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately $93.82 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -15.69% during the next 3 months and, with a 90% probability hold a price between $16.62 and $27.83 at the end of this 3-month period.
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AI Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 11.37%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The C3.ai stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $25.57. On a fall, the stock will find some support from the short-term average at $21.83. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for C3.ai stock
C3.ai finds support from accumulated volume at $22.43 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 $0.755 between high and low, or 3.42%. For the last week, the stock has had daily average volatility of 4.58%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AI) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect C3.ai, Inc. to open at $22.59, and during the day (based on 14 day Average True Range), to move between $21.72 and $23.94, which gives a possible trading interval of +/-$1.11 (+/-4.87%) up or down from last closing price. If C3.ai, Inc. takes out the full calculated possible swing range there will be an estimated 9.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.43 (1.75%) than the resistance at $25.02 (9.59%), 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 we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.471 Sell Candidate Unchanged
Predicted Opening Price for C3.ai, Inc. of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$22.59 ( 1.07%) | $22.83 |
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 | 23.34 | 2.23 % | |
R2 | 23.05 | 0.97 % | ||
R1 | 22.87 | 0.190 % | ||
Current price: | 22.83 | |||
Support | S1 | 22.30 | -2.34 % | |
S2 | 22.12 | -3.12 % | ||
S3 | 21.83 | -4.38 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 28.47 | 24.70 % | |
R2 | 26.01 | 13.93 % | ||
R1 | 25.02 | 9.59 % | ||
Current price | 22.83 | |||
Support | S1 | 22.43 | -1.75% | |
S2 | 20.84 | -8.72% | ||
S3 | 20.50 | -10.21% |
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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