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C3.ai, Inc.
C3.ai, Inc. (NYSE: AI) is a software company that provides enterprise artificial intelligence (AI) solutions. The company's flagship product is the C3 AI Suite, a cloud-based platform that enables businesses to build, deploy, and manage AI applications. Its business model is based on a subscription-based pricing model. Customers pay a monthly or annual fee to access the C3 AI Suite. The fee includes access to the platform, as well as support and maintenance services. C3.ai's target market is large enterprises that are looking to adopt AI to improve their business operations.
Key Highlights
Technical Highlights
Stock Recommendation
C3.ai is a relatively new company, but it has already achieved healthy growth over the past three few years on the back of the strength of its platforms that are not available from other AI platforms. Further its shares have recorded a strong surge over the past 1-week with stock moved approximately 62%, up ~147% in 1-months and ~258% in the past six months respectively. Further, its shares have charted into an overbought territory on both daily as well as weekly price chart, implies a potential pullback from the current trading levels. Hence, based on the above rationale, a ‘Watch’ rating has been given C3.ai, Inc shares at the closing price of USD 43.96 as of May 30, 2023.
Individuals can evaluate the stock based on the support and resistance levels provided in the report in case of keen interest taking into consideration the risk-reward scenario.
Markets are trading in a highly volatile zone currently due to certain macro-economic issues and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.
Related Risk: This report may be looked at from a high-risk perspective and a recommendation is provided for a short duration. This report is solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.
Technical Indicators Defined: -
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
The reference date for all price data, currency, technical indicators, support, and resistance levels is May 30, 2023. The reference data in this report has been partly sourced from REFINITIV.
Abbreviations
CMP: Current Market Price
SMA: Simple Moving Average
RSI: Relative Strength Index
USD: United States dollar
Note: Trading decisions require a thorough analysis by individual. Technical reports in general chart out metrics that may be assessed by individuals before any stock evaluation. The above are illustrative analytical factors used for evaluating the stocks; other parameters can be looked at along with additional risks per se. Past performance is neither an indicator nor a guarantee of future performance.