C3.ai price prediction for tomorrow

C3.ai's price trend appears bearish, with a recent slide in stock price and bearish technical indicators suggesting a negative outlook for the near term. Here's a detailed analysis:

1. Recent Price Performance: C3.ai's stock price has experienced a decline, sliding 1.94% to $27.25 on November 13, 2024, which is the second consecutive day of losses. This recent downturn could be a bearish signal, indicating a potential continuation of the downward trend.

stock code include ai(1)

closing price(1)

last-price	last-change%	Closing Price(USD)2024.11.13
27.25	-1.94%	27.25

Ticker
AIC3.ai

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2. Technical Indicators: The stock's closing price on November 13, 2024, was below its 200-day moving average of $25.91, which is often considered a bearish signal. Additionally, the stock has a current trend of 16 days of bullish trend, with 13 days of clear trend and 3 days of unclear trend. The continuation probability of the bullish trend is only 67%, while the unconditioned trend shows that 10 days have a 70% probability and 15 days have a 50% probability. These indicators suggest that the bullish trend is not strong and could easily reverse.

stock code include ai(1)

tomorrow's percentage change(1)

stock code include ai;tomorrow's percentage change(1)

last-price	last-change%	Percentage Change%2023.11.15
27.25	-1.94%	1.22

Ticker
AIC3.ai

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3. Analyst Ratings: Several brokerages have recently lowered their price targets for C3.ai, with Morgan Stanley setting an "underweight" rating and Bank of America setting an "underperform" rating. These ratings suggest that analysts are bearish on the stock's future performance.
4. Market Sentiment: The overall market sentiment appears to be cautious, with concerns about C3.ai's lack of profitability and high losses despite revenue growth. This sentiment could lead to further pressure on the stock price in the near term.

In conclusion, given the stock's recent price decline, bearish technical indicators, negative analyst ratings, and cautious market sentiment, it is likely that C3.ai's stock price could continue to face downward pressure in the short term. However, investors should monitor the stock's performance and any changes in market sentiment or company fundamentals that could influence the stock's trajectory.