Resistance

Simply

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>AI stock price increased by 10.67% over the past week and the current price is below major EMA’s.</a> </li> 
 <li> <span>2</span> <a>C3.ai Inc. (NYSE: AI) stock’s 52-week price range is $10 – $48.</a> </li> 
</ul> 
<p>The C3.ai stock recently publicized its July period-ending earning report on September 6th, 2023, The reported earnings gave a positive surprise by 48.03% from the estimated earnings. Moreover, the reported revenue also gave a positive surprise by 1.12% from the estimated revenue.</p> 
<p>C3.ai has a debt-to-equity ratio of 0%, as reported by Simply Wall St. This implies that it has nill debt than equity, which is the difference between its total assets and total liabilities. C3.ai’s debt is $0, while its equity is $932.44 Million.</p> 
<p>C3.ai experienced a decline in its earnings at a rate of 46.9% per year on average, according to Simply Wall St., a financial website. The software industry’s average annual earnings growth is 18.9%. Therefore, AI’s earnings are lower than the industry average.</p> 
<p>Moreover, C3.ai Inc. (AI) stock market capitalization is $3.237 Billion and the floating shares is $98.777 Million. Moreover, the stock’s basic EPS is -$2.34 and the price-to-earnings ratio is -12.8.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-ai-stock-c3-ai-price-in-1-d-timeframe-strong"><strong>Technical Analysis of AI Stock (C3.ai) Price in 1-D Timeframe</strong></h2> 
<p>The price action shows that C3.ai Inc. ( NYSE: AI) stock price took major resistance at $48 and has been on a declining trend for the last three months, decreasing by 26.51% making lower highs and lows.&nbsp;</p> 
<p>At the time of writing, AI stock is trading at around $28.22 and facing the nearest resistance around $33.64 and the price opened a gap just after the earnings release.</p> 
<p>Therefore, if the AI price fails to sustain the current level and drops, it might hit the nearest support levels of $24 and $20.</p> 
<p>However, if it maintains the current level, the AI price could continue to move upward and reach the first and second resistances of $33 and $37.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/SNQKNCjgZxnXrDyJXK14n-t2HNrLjADNAMwkyR_jZcdgsh5blpHhR5VqeTQxnKOgp4bcp1DbuWQ349zphc_SBfdINOsIE0cBSe_4chkJpmdYSMfO0e6ajs2nleAdEQmdm6rTZ76_BGbBKU9KJcQnY_0" alt="C3.ai Stock Price Forecast: Will AI Ever Surpass ATH Price?"> 
  <figcaption class="wp-element-caption">
    Source: AI.1D.NYSE by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>At the time of publishing, <a href="https://www.thecoinrepublic.com/2023/08/28/c3-ai-stock-forecast-ai-stock-in-sellers-hand-targeting-20/" rel="noopener noreferrer nofollow">C3.ai Inc. (NYSE: AI)</a> is trading below the major 20 and 50-day EMA (exponential moving averages), which rejects the AI price trend and shows a bearishness overview over the daily time frame chart.</p> 
<p>The current value of RSI is 36.91 points. The 14 SMA is above the median line at 39.95 points which indicates that C3.ai stock is in bearish territory and the RSI line took rejection from 14 SMA.</p> 
<p>The MACD line at 1.77 and signal line at 1.72 are below the zero line and both lines have narrowed towards each other and the gap is very lean indicating consolidation to bearishness.</p> 
<p>Collectively, examining the stock with the above indicators, it indicates neutrality to bearishness in the AI stock.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>C3.ai Inc. (NYSE: AI) indicates that the traders and investors of the stock price are neutral to bearish on the 1-D time frame. The price action shows a bearish outlook at the time of publishing. The technical analysis tools of the C3.ai stock price also support neutrality to bearishness.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels</strong>: The nearest support levels for the C3.ai stock price are $24 and $20.</li> 
 <li><strong>Resistance levels:</strong> The nearest resistance levels for the C3.ai stock price are $33 and $37.</li> 
</ul> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

C3.ai Stock Price Forecast: Will AI Ever Surpass ATH Price?

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