Resistance

Base

<ul class="list-ic vertical">
 <li><span>1</span> <a>AI stock price up by 9.51% in the current month.</a></li>
 <li><span>2</span> <a>C3.ai stock defended $24.00 support and showed a minor bounce.</a></li>
 <li><span>3</span> <a>The 50-day and 200-day EMA are acting as a strong hurdle for bulls.</a></li>
</ul>
<p>AI stock price rises 9.51% in November 2023, and buyers are trying to push the prices above the EMAs.&nbsp;</p>
<p>The stock price took support near $23.18 and showed a minor bounce. However, the prices lacked momentum and struggled to climb above the 50-day and 200-day EMA.&nbsp;</p>
<p>In the last two months, the C3.ai stock price spent time consolidating between $23.00 to $30.00. Buyers and sellers both tried to break either side of the boundaries. But the attempt failed and prices are continuing the consolidation.</p>
<p>The price chart of the C3.ai stock looks bearish and seems like long-term investors are selling on every rise.&nbsp;</p>
<p>On the higher side, the range between $30.00 and $33.58 is acting as a supply zone. So until the resistance levels get taken out the bears will remain active and continue their dominance.&nbsp;</p>
<p>On the lower side, $23.18 is acting as immediate support and buyers are trying their best to defend it. The clarity of direction in AI stock comes when prices break either side of the range. C3.ai<a href="https://www.thecoinrepublic.com/2023/10/21/can-c3-ai-stock-crash-to-the-20-mark-with-bears-still-dominating/" rel="noopener noreferrer nofollow"> share price</a> closed the previous session at 26.72 with an intraday rise of 2.53%.</p>
<h2 class="wp-block-heading" id="strong-will-ai-stock-price-come-out-of-consolidation-strong"><strong>Will AI Stock Price Come Out of Consolidation?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/IcWKY_M9emM6b5tWOmfdWKJirLmvdc9CtFq8nuANJI50vpmJAj_9xONILvihAXEm4J06rC1thPhb5RwHswV55bYTh5vBT5CCCKf_VYQCIKIidXXUYZ2GKllZIiRKSSRIpigpkholBtfecgnTnFi-OpY" alt="AI Stock Price Forecast: Will C3.ai Stock Regain $30 by Dec 2023?">
  <figcaption class="wp-element-caption">
   Source: <a href="https://www.tradingview.com/x/ibhR8pit/" rel="noopener noreferrer nofollow">NYSE: AI </a>daily chart by Tradingview
  </figcaption>
 </figure>
</div>
<p>AI stock price is in a correction phase and sellers are kept on selling from higher levels.&nbsp;</p>
<p>For the past two months, the downfall has halted but prices did not show any meaningful recovery from the lows. It indicates sellers are more active as compared to buyers so the probability of the upside breakout is low.&nbsp;</p>
<p>The recent up move in the <a href="https://www.thecoinrepublic.com/2023/10/21/can-c3-ai-stock-crash-to-the-20-mark-with-bears-still-dominating/" rel="noopener noreferrer nofollow">C3.ai stock </a>does not look reliable and buyers are failing to give the follow-up momentum. So, prices may spend some more time in consolidation.&nbsp;</p>
<p>The analysis suggests that AI stock is bearish and prices might break the lower-range consolidation.&nbsp;&nbsp;&nbsp;</p>
<h3 class="wp-block-heading" id="strong-c3-ai-stock-price-formed-a-short-term-base-strong"><strong>C3.ai Stock Price Formed a Short-Term Base</strong></h3> 
<div class="tradingview-widget-container">
 &nbsp;&nbsp; 
 <div id="tradingview_a966c"></div> &nbsp;&nbsp; 
 <div class="tradingview-widget-copyright"><a href="https://www.tradingview.com/" rel="noopener noreferrer 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": "light",

  "style": "1",

  "locale": "en",

  "enable_publishing": true,

  "allow_symbol_change": true,

  "studies": [

    "STD;RSI",

    "STD;Supertrend"

  ],

  "container_id": "tradingview_a966c"

}

  );

  </script>
</div> 
<p>C3.ai stock price formed a short-term base near $23.00 and buyers are trying their best to rebound. However, due to the strong presence of sellers, the pullbacks are getting sold off.&nbsp;</p>
<p>In the coming week, if the AI share price drops below $23.00 then the next phase of correction will trigger. The expected downside will be 10% to 20% from the current levels.&nbsp;</p>
<p>The RSI at 52 slopes sideways denoting neutral territory. The MACD and supertrend favoring the bulls indicate short-term rise in the stock is also possible.</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>AI stock price showed a minor recovery from the recent lows and attempted to break out of a higher range of consolidation. However, the up move does not look reliable so prices lacked momentum and again reversed downward.&nbsp;</p>
<p>The analysis suggests that C3.ai stock is in a correction phase so it will not be easy for bulls to regain $30 by December end.</p>
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5>
<ul>
 <li>Resistance levels: $33.58 and $40.00</li>
 <li>Support levels: $23.18 and $20.00</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 Price Forecast: Will C3.ai Stock Regain $30 by Dec 2023?

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