C3 AI is one of the leading AI software providers that aims at the fast growth of the digital space. THE C3 AI platform provides board services to build AI applications in a more efficient and cost-effective way, compared to alternative approaches.
C3 AI was founded by Silicon veteran entrepreneur Tom Siebel. The company consists of 3 executive members, 9 members on the Boards of Directors, and 8 members on the Advisory Board.
In February 2023, AI formed a support level at $20.25 and subsequently experienced a bullish rally, reaching the resistance level of $30.91. However, the price entered a consolidation phase within this range. In March 2023, there was a false breakout as the price closed above the $30.91 resistance level but faced heavy rejection, leading to a retreat back to the $20.25 support level. In April 2023, the price closed below the $20.25 support level, seemingly indicating a breakdown. Yet, this breakdown proved to be a failure, and a bullish rally ensued. In May, AI’s price finally managed to break out above the $30.91 resistance level and surged to the $47.93 resistance level.
Currently, AI’s stock price is consolidating within a narrow range, with $44.05 acting as resistance and $37.38 as support. If the price closes above $44.05, a further bullish move is anticipated, potentially leading to a rally towards the $47.93 resistance level. Conversely, if the price closes below $37.38, a bearish move is likely, potentially taking the price down to the $30.91 support level.
The relative strength index (RSI) at 50.31 confirms the neutral territory for the price of AI stock, indicating a balance between buying and selling pressure. If the RSI finds support at its 50 level and starts moving upward, it signals potential strength among buyers, potentially leading to a bullish move towards the $47.90 resistance level.
On the other hand, if the RSI drops below its 50 level and trends downward, it suggests increasing strength among sellers, potentially leading to a bearish move towards the $30.91 support level.
The bollinger bands contracting indicate low volatility in the current price area. When the bands contract, it often precedes a period of higher volatility.
C3 AI is stuck in a narrow consolidation zone ranging between $37.38 and $44.05. The market structure is currently in an indecisive phase. The indicators mentioned above are neutral and show that the market can move either up or down.
Resistance levels:$44.05 and $47.93
Support levels: $37.38 and $30.91
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Artificial Intelligence (AI) is transforming industries, driving innovations in healthcare, finance, autonomous vehicles, robotics, entertainment……
The best crypto presales market has a new rising star – Artemis Coin (ARTMS). This project stands…
In an inspiring display of compassion and innovation, the cryptocurrency community has come together to…
As global awareness of carbon emissions grows, the push for sustainable solutions has become more…
As popular as cryptocurrency is as a payment method nowadays (and an investment vehicle, we…
With the growing popularity of cryptocurrencies, even gamers need to do it. This platform follows…
This website uses cookies.