C3 AI ends a highly volatile session - Analysis - 03-06-2022

Economies.com
2022-06-03 12:15PM UTC

C3. AI's stock declined after reporting a loss of 21 cents per share, less than estimates of a 29 cents loss, on sales of $72.3 million, beating estimates of $71.3 million, however the company's estimates for current quarter sales were below general market expectations, with the stock marking a loss of 5.01%, or 93 cents, settling at 17.62, with trading volumes surpassing 24.4 million shares, above 10-day averages of 4.8 million shares. 

 

Technically, the stock rose early and hit the downward short-term trend line, touching the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels. 

 

Therefore we expect more losses for the stock, targeting the support of 13.37, provided the resistance of 27.64 holds on.

 

Expected trend for today: Bearish

Stocks Technical Analysis

United States Analysis

Stocks

CVS price climbs cautiously - Forecast today - 28-03-2024
2024-03-28 11:18AM UTC
CVS Health Corporation Stock Analysis CVS Health Corporation’s stock price edged up in the ...
United States Analysis

Stocks

eBay price starts recovering - Forecast today - 28-03-2024
2024-03-28 11:17AM UTC
eBay Stock Analysis eBay’s stock price rose in the intraday levels amid the dominance of the ...
United States Analysis

Stocks

Taiwan Semiconductor price seeks a bottom to boost it higher - 28-03-2024
2024-03-28 11:17AM UTC
Taiwan Semiconductor Stock Analysis Taiwan Semiconductor’s stock price (TSM) fell in the ...