Can C3.ai Stock Crash To The $20 Mark with Bears Still Dominating?
The post Can C3.ai Stock Crash To The $20 Mark with Bears Still Dominating? appeared on BitcoinEthereumNews.com. C3.ai Inc. (AI) stock price slipped 3.65% intraday on Friday and closed the week with a loss of approximately 2.92%. The stock price has been bearish in this quarter as the stock price trades below the high of the current quarter. Moreover, the combined price analysis of the recent quarters shows that the stock price opted for a bullish trend after recovering from a low of $10.16. The investors turned aggressive from the very start of the financial year 2023 and hiked the C3.ai stock price to shift the trend. C3.ai Stock Price Analysis Over Daily Chart Also, the price trend analysis shows that the C3.ai stock price has risen, forming a consolidation followed by a price surge. The recent quarters saw a price hike from a low of $10 to a high of $48. The bears dominated near the $50 level and the bulls lost their momentum. Thereafter, the AI stock has been dominated by bears and has been declining continuously forming lower highs. The price has currently reached a low of $24.31 and shows a consolidation. C3.ai Stock Price Forecast For Coming Sessions The price forecast in the near term stays on the bearish side as the short term is bearish-dominated. The AI stock has immediate support at $20 up to which the price may fall. The $20 is a psychological level and a strong demand zone as the previous breakout came after surpassing the $20 level. The long-term trend still stands on the neutral to bullish side. The overall technical opinion rating including RSI and MACD signals a 72% “sell” with a strengthening short-term outlook on maintaining the current direction. The analysts offering a 1-year price forecast for the C3.ai stock have a maximum potential of 72.77% on the upside which could lead the price to a…
The post Can C3.ai Stock Crash To The $20 Mark with Bears Still Dominating? appeared on BitcoinEthereumNews.com.
C3.ai Inc. (AI) stock price slipped 3.65% intraday on Friday and closed the week with a loss of approximately 2.92%. The stock price has been bearish in this quarter as the stock price trades below the high of the current quarter. Moreover, the combined price analysis of the recent quarters shows that the stock price opted for a bullish trend after recovering from a low of $10.16. The investors turned aggressive from the very start of the financial year 2023 and hiked the C3.ai stock price to shift the trend. C3.ai Stock Price Analysis Over Daily Chart Also, the price trend analysis shows that the C3.ai stock price has risen, forming a consolidation followed by a price surge. The recent quarters saw a price hike from a low of $10 to a high of $48. The bears dominated near the $50 level and the bulls lost their momentum. Thereafter, the AI stock has been dominated by bears and has been declining continuously forming lower highs. The price has currently reached a low of $24.31 and shows a consolidation. C3.ai Stock Price Forecast For Coming Sessions The price forecast in the near term stays on the bearish side as the short term is bearish-dominated. The AI stock has immediate support at $20 up to which the price may fall. The $20 is a psychological level and a strong demand zone as the previous breakout came after surpassing the $20 level. The long-term trend still stands on the neutral to bullish side. The overall technical opinion rating including RSI and MACD signals a 72% “sell” with a strengthening short-term outlook on maintaining the current direction. The analysts offering a 1-year price forecast for the C3.ai stock have a maximum potential of 72.77% on the upside which could lead the price to a…
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