The C3.ai $C3.ai, Inc.(AI)$ stock price gained 0.320% on Wednesday, 19th Jul 2023, rising from $40.61 to $40.74. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 8.71% from a day low at $39.63 to a day high of $43.08. The price has risen in 6 of the last 10 days and is up by 1.55% over the past 2 weeks. Volume fell on the last day by -153 thousand shares and in total, 25 million shares were bought and sold for approximately $1.01 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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 $38.57 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 93.59% during the next 3 months and, with a 90% probability hold a price between $74.66 and $108.72 at the end of this 3-month period.

AI Signals & Forecast

The C3.ai stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $39.81 and $38.57. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 15, 2023, and so far it has fallen -12.14%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for C3.ai stock

C3.ai finds support from accumulated volume at $40.01 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 $3.45 between high and low, or 8.71%. For the last week, the stock has had daily average volatility of 8.48%.

Our recommended stop-loss: $39.25 (-3.65%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 22 days ago.)

Trading Expectations (AI) For The Trading Day Of Thursday 20th

For the trading day on Thursday, 20th we expect C3.ai, Inc. to open at $41.15, and during the day (based on 14 day Average True Range), to move between $37.27 and $44.21, which gives a possible trading interval of +/-$3.47 (+/-8.53%) up or down from last closing price. If C3.ai, Inc. takes out the full calculated possible swing range there will be an estimated 17.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $40.01 (1.79%) than the resistance at $43.11 (5.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Insiders are positive buying more shares than they are selling in C3.ai

In the last 100 trades there were 4.37 million shares bought and 2.94 million shares sold. The last trade was made 13 days ago by Levin Richard C who sold 12 thousand shares. The large amount of stocks bought compared to stocks sold indicate that the insiders believe there is a potential good upside. In some cases larger purchases can be explained by due date for stock options.

Is C3.ai, Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for C3.ai stock to perform well in the short-term.