To The Moon

The C3.ai stock price gained 1.11% on Friday, 25th Aug 2023, rising from $28.83 to $29.15. During the last trading day the stock fluctuated 5.90% from a day low at $28.10 to a day high of $29.76. The price has been going up and down for this period, and there has been a -11.51% loss for the last 2 weeks. Volume fell on the last day by -11 million shares and in total, 12 million shares were bought and sold for approximately $347.39 million. 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 of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $28.00 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -11.80% during the next 3 months and, with a 90% probability hold a price between $24.69 and $37.67 at the end of this 3-month period.

AI Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, August 24, 2023, and so far it has risen 1.11%. Further rise is indicated until a new top pivot has been found. 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. The C3.ai stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $30.61 and $36.61. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

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

C3.ai finds support from accumulated volume at $28.83 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $1.66 between high and low, or 5.90%. For the last week, the stock has had daily average volatility of 9.09%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (AI) For The Trading Day Of Monday 28th

For the trading day on Monday, 28th we expect C3.ai, Inc. to open at $29.00, and during the day (based on 14 day Average True Range), to move between $26.37 and $31.93, which gives a possible trading interval of +/-$2.78 (+/-9.53%) up or down from last closing price. If C3.ai, Inc. takes out the full calculated possible swing range there will be an estimated 19.07% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $28.83 (1.10%) than the resistance at $32.26 (10.67%), 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 2.95 million shares sold. The last trade was made 26 days ago by Siebel Thomas M who bough 26.79 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?

C3.ai holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.