AI
C3ai unveils generative AI for government organizationsC3ai Inc. (NYSE: AI), a prominent developer of artificial intelligence tools, announced the launch of a generative AI application specifically tailored for government organizations on Monday. This move targets a significant growth area within the AI sector, where there is substantial interest from government entities actively investing in AI-driven tools.
The newly launched application is designed to serve federal and state governments, providing capabilities to process extensive data related to health, education, and employment programs. It offers functionalities such as answering inquiries about financial aid and managing other types of queries from millions of users, potentially transforming the efficiency and accessibility of government services.
Technical analysis of C3ai Inc. (NYSE: AI)
Let's evaluate the potential trading opportunities based on the current technical setup of C3ai's stock:
Timeframe : Daily (D1)
Current trend : The stock is currently in an uptrend
Resistance level : 30.80 USD
Support level : 29.50 USD
Potential downtrend target : Should the stock enter a downtrend, the downside target could be set at 26.00 USD
Short-term target : If the uptrend persists and the stock breaches the resistance at 30.80 USD, a short-term target could be 38.00 USD
Medium-term target : With sustained upward momentum, the stock price might rise to 48.00 USD
Investors should closely monitor C3ai's performance, especially considering the strategic expansion into the government sector with its new generative AI application. This development could significantly enhance the company's growth prospects and impact its stock performance.
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Earnings Season to Show if Big Tech Stocks Can Justify AI HypeUpper echelon of tech realm is expected to report the most profits since early 2022 as the bar is set high thanks to the big promise of artificial intelligence.
Earnings season is about to hit fever pitch with the biggest names in the corporate world getting ready to deliver spring-quarter financial updates. The bar is set high thanks to the promise of artificial intelligence to rewire how businesses operate, spend and make money.
How high exactly? All S&P 500 companies collectively are predicted to knock out the biggest increase in profits in more than two years — year-on-year earnings growth is pinned at 8.8% for the quarter ended June, the highest since the first quarter of 2022.
Froth or Not?
Stakes are high. The upcoming string of earnings data will show whether big tech high-flyers can justify the AI hype that has propelled stocks to record after record . The S&P 500 has notched more than 36 all-time closing highs this year and is sitting on gains of more than 18% since it started trading in January.
The Big Dogs
Apparently, optimism is sweeping left and right, lifting valuations of companies big and small. A handful of them have been singled out as the biggest group of winners. And — you guessed it — they’re all involved in the AI narrative.
Chipmaking giant Nvidia (ticker: NVDA ) and a clique of big tech heavyweights are lined up to show if their earnings and revenue guidance will catch up to the sky-high valuations. Nvidia has more than doubled this year, soaring above $3 trillion in market value. Briefly, it became the world’s largest company . Its peers Microsoft (ticker: MSFT ), Facebook parent Meta (ticker: META ), Apple (ticker: AAPL ) and Alphabet (ticker: GOOGL ) have rocketed to records this year as well.
Heavy Concentration
The 10 biggest companies in the S&P 500 fill up about 37% of its worth, which presently gravitates toward $48 trillion. This said, these 10 titans of capitalism contribute 24% to the broad-based index’s earnings — the highest ratio since 1990.
To keep going with the numbers, before we dive into what’s coming over the next few weeks, the S&P 500 companies are trading at 21.4 times their projected earnings over the next 12 months. For comparison, the average multiple for a five-year stretch is 19.7.
It gets even more interesting when you zoom in and double click on five tech titans — Nvidia, Apple, Microsoft, Meta and Amazon. Their price/earnings multiples have ballooned to an average of 34 times projections, up from 28 times. The AI bellwether, Nvidia, has soared to 41 times, from 24 times in January.
Against that backdrop, analysts are quick to point out that a correction in stock prices may loom large if these corporate giants can’t beat out their earnings projections. Is there room for disappointment?
Stacked Up Against Expectations
Let’s go around the table and see what’s coming over the next few weeks. We’ll keep it tight so we’ll only look into the elite Magnificent Seven club .
July 23
Microsoft (ticker: MSFT )
Year-to-date performance: 23%
Revenue guidance: $64 billion
Alphabet (ticker: GOOGL )
Year-to-date performance: 33%
Revenue expectations: $79 billion
Tesla (ticker: TSLA )
Year-to-date performance: 0% ( find out the reasons ).
Revenue expectations: $20.16 billion
July 31
Meta (ticker: META )
Year-to-date performance: 44%
Revenue guidance: $36.5 billion to $39 billion
August 1
Apple (ticker: AAPL )
Year-to-date performance: 24%
Revenue expectations: $84 billion
Amazon (ticker: AMZN ) (date unconfirmed)
Year-to-date performance: 30%
Revenue guidance: $144 billion to $149 billion
August 21
Nvidia (ticker: NVDA ) (date unconfirmed)
Year-to-date performance: 168%
Revenue guidance: $28 billion
Let's Hear from You!
Are we going to see another blockbuster quarter of record revenue and profits? Or is the AI hype overblown and could this mean big tech may let us down? Share your thoughts below!
TESLA PULLBACK Then Moon Mission!After a rejection from the weekly and daily levels, a pull back to $235 (Daily Level) or $202 (Demand Zone) is likely before higher prices.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
NVDA Looks Good For Higher PricesLooking good for higher now that we are trading above the POC. We need to flip the VWAP into support next to really aim for the VAH (White Line).
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
RNDR Long Opportunity📉 RNDR/USDT Weekly Chart Analysis 📈
🌟 Trade Idea:
We're observing the RNDR/USDT perpetual contract on Binance. The price is currently showing signs of a potential reversal. We're targeting the **Sellside Liquidity** area for this setup.
💡 Key Levels:
- Current Price: **$6.10**
- **Sellside Liquidity** Zone: Around **$4.00-$5.00**
🔍 Trade Setup:
1. Wait for the price to tap into the **Sellside Liquidity** zone.
2. Look for bullish reversal signals within this zone.
🛠 Technical Indicators:
- **FVG (W)**: Fair Value Gap on the weekly chart could act as support.
📅 Timeline:
This setup is expected to play out over the next few weeks. Patience is key! ⏳
🔔 Action Plan:
- 📉 If the price dips into the liquidity zone, be prepared for a potential entry.
- 📈 Watch for confirmation of a reversal before entering a long position.
Good luck! 🚀
RNDR: Key Buy-Back Zones to WATCHRender has completed its bullish cycle and is now moving steeply into bearish phase. Now this does not mean I am not enthusiastic about RNDR - In fact, it was on my list of top AI coins to watch for 2024:
I also called for higher prices early on. And now, it's time for a pullback.
This is NOT a bad thing - it gives you a chance to buy back in at lower prices, in anticipation for the next rally! I've market two zones for each timeframe that I will be watching as potential zones for spot buys.
Don't miss yesterday's analysis on ETH:
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BINANCE:RNDRUSDT
Apple is BullishApple is bullish and in an uptrend channel on the daily timeframe.
With today's close will confirm, a break out above the resistance area around 195-200 (to become the new support/demand zone) and a break out of the double-bottom pattern. Target is set to the upper levels of the channel at 250.
NICE Ltd: Seeking Value While Riding The AI WaveKey Rationale:
Profitable technology firm with a track record of commercializing AI. World leader in two industries primed for significant growth, with a comprehensive suite of products and a treasure trove of historical data for AI training. Solid Growth profile and five-star valuation make it an ideal GARP investment.
Company Profile:
A tech powerhouse that’s quietly revolutionizing customer engagement and financial crime solutions. NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. Nice is an enterprise software company that serves the customer engagement and financial crime and compliance markets. The company provides data analytics-based solutions through both a cloud platform and on-premises infrastructure. Within customer engagement, Nice's CXone platform delivers solutions focused on contact center software and workforce engagement management, or WEM. Contact center offerings include solutions for digital self-service, customer journey and experience optimization, and compliance. WEM products optimize call center efficiency, leveraging data and AI analytics for call volume forecasting and agent scheduling. Within financial crime and compliance, Nice offers risk and investigation management, fraud prevention, anti-money laundering, and compliance solutions. NICE Ltd. was founded in 1986 and is headquartered in Ra'anana, Israel.
Comments:
One of the best available Ex-U.S. stocks.
Narrow Moat, Exemplary Capital Allocation.
NICE’s long-term vision aligns with the AI revolution.
Recently beat on top-line and bottom-line estimates.
Recently announced a New $500 Million Share Buyback Plan.
5-Star Valuation on Morningstar, NICE is trading at a 36% discount.
Incessant selling is unwarranted and partially due to a CEO transition.
Multiple industry analysts rank NICE as a major player with the best technology.
Cloud Company with actual Profitable Growth, making NICE an intelligent investment in AI.
Publicly traded since 1996, NICE is not some hot new flash-in-the-pan AI IPO, it's got staying power.
CXone Mpower is the Ultimate CX-Aware AI Offering, Providing Continuous, Memory-Driven Human and AI Collaboration.
They are developing a moat around their AI offering due to the sheer scale of the number of transactions they perform each month.
Nice has strong user retention metrics, and cloud growth means greater recurring revenue.
Cincinnati Emergency Communication Center Leverages NICE to Improve Operations.
Italy’s Police Deploy NICE Inform at All Control Rooms Nationwide for Incident Intelligence.
Named the Leader In 2024 IDC MarketScape for Contact Center as a Service Report.
Named the Conversational Intelligence Market Leader in 2024 Opus Research Intelliview Report.
Recognized as Category Leader in the Chartis 2024 CLM Solutions for Corporate and Investment Banking Vendor Landscape Report
Proprietary Scores:
GreenBlue Cumulative Rank: 196/2982 (Lower = Better)
GreenBlue Current Rank: 509/2982 (Lower = Better)
GreenRed Current Rank: 348/499 (Lower = Better)
Gurufocus Score: 95/100 (Higher = Better)
Stellar Profitability, Growth, and Quality scores for a foreign company in GreenBlue (138, 488, and 233 out of 2982)
Competitors:
CRM, INTU, NOW, CDNS, SHOP, ROP, ADSK, DOCU, GWRE, TWLO, FIVN, RNG
Risks:
Foreign companies have embedded geopolitical risk.
Larger AI competitors eat their lunch. Microsoft's push into the contact center will increase competition.
Nice is undergoing a cloud transition, and the timing of legacy customer migration and degree of success on this front remains to be seen.
Prior personal investments in software application companies have been very risky. Failed investments include FIVN, RNG, and TWLO.
Crypto Market Weekly Analysis: BTC, ETH, SOL, BNB, BTC dominanceWelcome to our weekly analysis of the cryptocurrency space.
█ BTC/USDT
The BTCUSDT chart shows Bitcoin trading within a descending channel, with recent price action bouncing off the lower boundary of this channel, indicating potential support around the $53,000 level. The RSI indicates bullish divergence, suggesting a possible trend reversal or a strong bounce from this support level. Additionally, the Volume Profile on the right shows significant trading activity between $68,000 and $60,000, indicating key resistance levels above.
█ BTC.D
The Bitcoin dominance chart shows Bitcoin dominance forming a rising wedge pattern, which typically indicates a potential bearish reversal. The RSI is exhibiting a bearish divergence, suggesting weakening momentum and a possible decline in dominance. A breakdown from the wedge could target a significant decrease, aligning with the projected target area shown on the chart.
█ ETH/USDT
The ETHUSDT chart shows Ethereum trading within a descending channel, with recent price action rebounding off the lower boundary, suggesting potential support around the $1,850 level. The RSI is showing signs of a potential bullish divergence, indicating a possible trend reversal or a strong bounce from this support. The Volume Profile indicates significant trading activity between $3,200 and $3,600, suggesting key resistance levels above.
█ ETH/BTC
The ETH/BTC chart suggests upward action for the RSI and bullish patterns with a primary target of 0.06178 BTC and a secondary target at 0.06861 BTC. This follows the Bitcoin dominance bearish sentiment meaning more capital would flow into altcoins and Ethereum being their catalyst.
█ NASDAQ
Bitcoin has often been correlated to stocks , not that it's a good thing, however since Bitcoin's ATH in march we've seen stocks keep rising while Bitcoin ranging with around 30% downside from ATH. Nasdaq is at ATH right now and Bitcoin is not. The RSI suggests that stocks are overbought but not indicating a divergence yet.
█ BNB/USDT
The Binance coin is currently down 28% from its ATH after bouncing up +10% from its middle point of 450 $. I'm still bullish as long as the shift to altcoins scenario continues and RSI remains in the bullish area above 50.
█ SOL/USDT
Solana shows a bullish wedge and multiple bottoms of its 3 months support at 127 $. RSI is printing a bullish divergence. My primary target is 189 $ and 2nd is 210 $.
█ GAMING coins
EGLD has been outperforming Bitcoin and is the top performing gaming coin of the week.
█ Top cap coins
The biggest coins in market cap compared to Bitcoin shows Solana in first and AVAX in second.
█ AI coins
Artificial Intelligence coins compared to Bitcoin: INJ arrives first and NEAR second, but the global AI space isn't performing remarkably well.
█ MEME coins
Ending this analysis with meme coins , we can't ignore the fact that BONK is hard outperforming Bitcoin in first position.
Thanks for reading until here, I hope I can catch the time to make another analysis next week.
ATH - Aether accumulatingATH is one of my favo coins.
With a real usecase and great potential in the AI narrative and a huge community its building up momentum.
The former EQ i drew has been broken on the upside. But due to lack of volume i also drew a PC in yellow. This is less bullisch but still ATH is outperforming BTC for now.
This coin could easy outperform RNDR for example. So I did set some alerts and try to buy the bottom.
The Aether ( TSX:ATH ) coin has a promising upside potential based on various predictions. Analysts forecast that the price of Aether could see significant growth over the next few years.
Short-term Prediction: Over the next 30 days, Aether is expected to increase by approximately 51.36%, potentially reaching $0.105226 by late June 2024 (CoinCodex).
Medium-term Outlook: By 2025, Aether could trade within a range of $0.06952 to $0.343487, representing a potential increase of up to 370.31% from its current value (CoinCodex).
Long-term Forecast: By 2030, Aether could reach as high as $0.52, with further growth expected in subsequent years. By 2033, it is predicted to hit $1.34 to $1.59
These predictions suggest substantial upside potential for Aether ATH, driven by positive market sentiment and anticipated growth in its use case and adoption.
#NOFINANCIALADVISE
Fetch.AI HTF Fetch.ai soon to be ASI (Artificial super intelligence) after the merger with Singularity (AGIX) and Ocean protocol (OCEAN) has been a victim of the recent altcoin market drawdown. As on of the leading projects in the AI space, FET surged to a high of $3.47, since then price has been retracing back down the range created by the rally previously.
BEARISH: Now back at range low FET finds itself in a key area where the bearish trend can continue, break below range and continue to fall. This would be mostly influenced by a further sell off in BTC as alts are still at the mercy of Bitcoin. Should BTC continue to reject the '21 ATH and 4H 200EMA levels then price will naturally search for buyers with conviction. This chop has already been devastating to the altcoin market without a big flush. So this outcome is not improbable.
BULLISH: On the bullish side we have a very good R;R HTF entry level at range lows, in addition to a fully reset RSI in the oversold area compounded with a very bullish divergence being shown on the High timeframes. All three of these conditions add up to a high probability entry IF BTC behaves. Naturally if BTC decides to sell off then so will altcoins and FET is no exception. However, in this probability game this setup is one of the better LONG setups you could ask for. Couple that with the AI narrative and good fundamentals this looks bullish.
NVDA / Nvidia - AI Stock Idea I.hello guys,
Yearly: Bullish
Q: Bullish
M: Slightly Bearish - Stochastic bearish divergence. close below middle line.
125 - 117 are the levels to watch. Up is 140 - 146, down 90 - 82
3D : Trend is clearly Up. Waiting for a retest of the grey zone on low volume and a reversal to the upside.
Thanks for reading!
BTC price analysis from AI#BTC #4h
BINANCE:BTCUSDT
BYBIT:BTCUSDT
COINBASE:BTCUSD
2024-06-29 23:00 | 61057.38
claude-3.5-sonnet
I'll answer like a world-renowned trading expert with the most prestigious award - BEST TRADER IN THE WORLD
# Current situation analysis: (funding and volume)
Current aggregated funding is 0.0079%, indicating weak bullish sentiment in the market. Trading volumes are moderate, without significant spikes. The fear and greed index is at 30, indicating a predominance of fear in the market.
# Support and resistance levels:
Support: 60700, 60300, 59500
Resistance: 61200, 61600, 62000
# BTC price movement forecast against the dollar:
## Short-term forecast: (intraday)
Consolidation in the range of 60700-61200 is expected with a possible breakout to 61600.
#### Probability of movement:
Up: 60%
Down: 40%
## Medium-term forecast: (1-7 days)
The uptrend is likely to continue with a target of 62000-63000.
#### Probability of movement:
Up: 65%
Down: 35%
## Long-term forecast: (2-3 weeks)
A correction to the levels of 58000-59000 is possible before the growth continues.
#### Probability of movement:
Up: 55%
Down: 45%
# Conclusions:
1. The market is in a consolidation phase after a recent decline.
2. Bullish sentiment prevails, but high volatility persists.
3. The key level is 61200 - its breakthrough will open the way to 62000.
4. It is necessary to monitor trading volumes to confirm movements.
# Position entry recommendations:
1. Buy on a breakout of 61200 with a target of 61600-62000.
2. Sell from 61600 with a target of 60700-60300.
3. If 60300 breaks, it is possible to enter a short position with a target of 59500.
# Entry and exit points and stop-loss: (best option)
Long position entry: 61220
Take-profit: 61850 (profit 1.03%)
Stop-loss: 60600 (risk 1.01%)
Risk/reward ratio: 1:1.02
REACH is gonna reach for the starsREACH is forming a nice bottom structure which reminds me of BONK before take-off. Also the RSI is printing higher highs on the daily since the beginning of May. The volume is going up, whales are accumulating for sure.
With only $2.5 Million fully diluted marketcap and 100% of the coins in circulation this AI web3 social-fi protocol could surprise a lot of people in the upcoming bullrun.
QSTAR(Q*) can Go Up at least +160%_+300%Today, I want to introduce you to a Token in the field of Artificial Intelligence(AI) ; as you know, Artificial Intelligence(AI) is at the beginning, and it is better to focus more on this field.
The name of this token is QSTAR(Q*) ; I will explain it and how you can get it in the following.
Please be with me.
QSTAR(Q*) can have the potential to increase the price a lot. I have reasons that I will mention here:
1- You can get the QSTAR(Q*) token on the Uniswap platform ; this means that if this token is listed on valid/centralized exchanges, it will make a big jump.
2- QSTAR(Q*) is active in Artificial Intelligence(AI) . According to my research, they are preparing a smart bot for this field .
3-Even Elon Musk tweeted, " Guys, I found Q ." This tweet was apparently about AI and may have mentioned QSTAR(Q*) .
4-The Total Supply has been announced as 10,000,000,000 , which prevents inflation.
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Technical Analysis :
QSTAR(Q*) is moving near the Support zone($0.0003-$0.00018) , Support lines , Monthly Pivot point , and SMA(100) .
I expect QSTAR(Q*) to rise to at least the previous top($0.00079) after hitting the Support zone($0.0003-$0.00018) . If it is listed on a Centralized exchange, it will be a different story, and we will have to wait for the QSTAR(Q*) token to increase by several thousand percent(%) .
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I thought you might not know the steps to buy from the Uniswap platform , so I decided to explain them to you in order.
QSTAR(Q*) token purchase steps:
1- First, you enter the Uniswap platform.
2-You connect the wallet to the Uniswap platform
3-Remember that you need Ethereum(ETH) to buy and transfer(Fee) from the Uniswap platform.
4-When the token reaches the Support zone($0.0003-$0.00018), either Swap or use the limit option.
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Note: If you don't know how to buy from Uniswap , be sure to read more about it.
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Note: Be sure to follow the capital management
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QSTAR Analyze (Q*USDT), Daily time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Ocean merger with Fet and Agix offers opportunityOCEAN, FET and AGIX look to be migrating to ASI
This is a very interesting move as we see the market began a wave of M&A. It is important to keep an eye on these developments and can be a sign of industry about to send it higher.
OCEAN opportunity
With OCEAN being on OP it offers a low cost gas fee to buy into. It looks like it will have the lowest conversion rate of 1 OCEAN = 0.433226 ASI while 1 AGIX = 0.433350 ASI and 1 FET = 1 ASI. This is quite fair considering current prices.
This merger could lead to be a bit of volatility
Must be careful of the swings created by this expectations and speculations. While migration may offer an opportunity for OCEAN holders there is also significant risk. Ideally, ASI will be better placed come bull market but can be safest to wait for ideal entries to reduce risk.
$ITX looks clearly bullish chart! Its very interesting how fibonacci retracement give us a support zone which 0.618 stand always as the strongest support area... some times it can touch 702 but there is a great support that can handle the BME:ITX for the next wave.
Be Ready for another big bounce on $ITX.
#NASDAQ vs #DJIA has only been lower on the RSI 3 times! I wager #TECH is still the place to earn better gains going forward.
It also doesn't carry the risk of #Financials
and it is not dragged down by slow growth "stable" companies like utilities.
Bleeding edge has always been the place to grow your money
and with #AI manifesting itself for the next wave of user growth along with #CRYPTO
you need exsposure to network effects investments.