Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>AI stock price (NYSE: AI) tumbled 10% in the after-hours session.</a> </li> 
 <li> <span>2</span> <a>C3.ai stock price is expected to open a gap down near the 200-day EMA.</a> </li> 
 <li> <span>3</span> <a>C3.ai Inc. beats the EPS as well as revenue estimates.</a> </li> 
</ul> 
<p>AI stock price fell 10% in the after-hours session. It is expected to open a gap down and might display a bearish pattern. C3.ai stock price corrected 26% in August and eroded a big portion of the market capitalization.&nbsp;</p> 
<p>C3.ai stock price drops below the 50-day EMA showcasing that the short-term trend has reversed down. However, the 200-day EMA still placed higher which will act as a strong support for the bulls.&nbsp;</p> 
<p>AI stock price performed well in May, June, and July and generated nominal returns for its investors.&nbsp;</p> 
<p>At the beginning of August, C3.ai share price attempted to break the $45.00 hurdle. But the attempt was not successful and prices reverted down. It began to decline by forming lower lows and broke the crucial support of $30.00.&nbsp;</p> 
<p>Later, C3.ai Inc. share price consolidated for a few days and tried to form a short-term base. But the quarterly earnings have negatively impacted the prices so bears might try to drag it further down.&nbsp;</p> 
<p>AI stock price closed the previous session at $31.46 with an intraday rise of 0.10%. The market capitalization stands at $3.71 Billion.</p> 
<h2 class="wp-block-heading" id="strong-ai-stock-price-reacted-negatively-after-earnings-strong"><strong>AI Stock Price Reacted Negatively After Earnings</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1600" height="678" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-132.png" alt="AI Stock Tumbled 10%; Is More Downside Possible in C3.ai Stock?" class="wp-image-165669" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-132.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-132-300x127.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-132-1024x434.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-132-768x325.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-132-1536x651.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-132-750x318.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-132-1140x483.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   NYSE: AI daily chart by <a href="https://www.tradingview.com/x/je2NhS8p/">TradingView</a>
  </figcaption>
 </figure>
</div> 
<p>AI stock price is in a correction phase and short-term pullback is facing difficulty to hold the higher levels. It formed a bearish pattern and the dominance of sellers is visible.&nbsp;</p> 
<p><a href="https://www.thecoinrepublic.com/2023/08/28/c3-ai-stock-forecast-ai-stock-in-sellers-hand-targeting-20/" target="_blank" rel="noreferrer noopener">C3.ai Inc.</a> released its quarterly earnings on September 6, 2023. It reported an EPS of -0.09 and revenue of $72.362 Million. The company beats the EPS estimate by 48.03% and the revenue estimate by 1.12%.&nbsp;</p> 
<p>Despite that, AI reacted negatively and is likely to open the gap down in today’s trading session. The analysis suggests prices are near the demand zone so it will be risky to build fresh shorts.</p> 
<h3 class="wp-block-heading" id="strong-will-c3-ai-stock-price-bounce-back-strong"><strong>Will C3.ai Stock Price Bounce Back?</strong></h3>  
<div class="tradingview-widget-container">
  &nbsp;&nbsp;
 <div id="tradingview_72f91"></div> &nbsp;&nbsp;
 <div class="tradingview-widget-copyright">
  <a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a>
 </div> &nbsp;&nbsp;
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> &nbsp;&nbsp;
 <script type="text/javascript">

  new TradingView.widget(

  {

  "width": 950,

  "height": 500,

  "symbol": "NYSE:AI",

  "interval": "D",

  "timezone": "Etc/UTC",

  "theme": "dark",

  "style": "1",

  "locale": "en",

  "enable_publishing": true,

  "allow_symbol_change": true,

  "studies": [

    "STD;Supertrend"

  ],

  "container_id": "tradingview_72f91"

}

  );

  </script> 
</div>  
<p>C3.ai share price (NYSE: AI) formed a Doji candle on a weekly time frame. It indicates indecisiveness and prices lack direction.&nbsp;</p> 
<p>Till AI share price sustains above $24.00 a short-term bounce back in September month is possible. However, the confidence of the buyers will return when prices are able to climb above the 50-day EMA.&nbsp;</p> 
<p>On the other hand, if the <a href="https://www.thecoinrepublic.com/2023/08/28/c3-ai-stock-forecast-ai-stock-in-sellers-hand-targeting-20/" target="_blank" rel="noreferrer noopener">AI share price</a> drops below $24.00 then more downside will open. It will be interesting to see how prices react in the coming weeks which will decide the next direction.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>AI stock price fell 10% in the after-hours session and investors reacted negatively after earnings. However, C3.ai share price will open near the crucial support so buyers will try their best to rebound. The analysis suggests that till AI shares hold $24.00 the possibility of bounce back is high.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5> 
<ul> 
 <li>Resistance levels: $44.00 and $49.00</li> 
 <li>Support levels: $24.00 and $16.50</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

AI Stock Tumbled 10%; Is More Downside Possible in C3.ai Stock?

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