📈💡 C3.ai (AI) Gains Traction in AI Software Space 🚀C3.ai, a prominent AI software company, is making waves with an 81% surge in customer engagement. The company's strategic move includes the introduction of "C3 Generative AI: Enterprise Marketplace Edition" in collaboration with Amazon. This initiative aims to leverage untapped organizational data, aligning with the evolving demands of the market. Here are the key details:
Business Highlights:
Customer Engagement Surge: C3.ai has experienced an impressive 81% surge in customer engagement, indicating increased interest and adoption of its AI solutions.
Strategic Collaboration: The collaboration with Amazon for the development of "C3 Generative AI: Enterprise Marketplace Edition" underscores C3.ai's commitment to innovation in the AI space.
Investor Sentiment and Outlook:
Investor sentiment is positive, driven by the notable increase in customer engagement and the strategic collaboration with Amazon.
The bullish outlook establishes a support range at $25.00-$26.00, indicating a potential level of support where buyers may step in.
Upside targets are set at $47.00-$48.00, reflecting optimistic expectations for the stock's performance.
C3ai
A Dive into $AI Its Soaring Performance and Government PartnersShares of C3.ai surged after the AI-focused software-as-a-service (SaaS) company was name-checked by Oppenheimer on its list of stocks to own in 2024.
C3.ai ( NYSE:AI ) has been one of 2023's top-performing artificial intelligence (AI) stocks. It's up around 180% this year, but is down about 30% from its high set in June. With 2024 shaping up to be another strong year for AI-related companies.
The Government is Becoming a Large C3.ai Customer
C3.ai specializes in plug-and-play AI solutions for enterprise-level customers. With products ranging from energy management, demand forecasting, and anti-money laundering, C3.ai has solutions spanning multiple industries.
However, one of C3.ai's most lucrative clients in recent quarters has been the federal government. In its fiscal 2024 second quarter, which ended Oct. 31, 49% of bookings came from its federal, defense, and aerospace segment. In Q1, that share was 67%. Clearly, C3.ai's relationship with the U.S. government is a vital part of its business, making this a key metric to watch.
It also reflects the company's diversification away from the oil and natural gas industry, which accounted for 34% of bookings in its fiscal 2023. (That year, federal, aerospace, and defense was 29%.) This is good, as oil and natural gas industry spending has dried up for C3.ai.
In its fiscal Q1, only 1.5% of its bookings came from that space, and it reported no explicit bookings from it in Q2, though the results possibly landed in the "others" category, which comprised 0.1% of bookings.
Technical Analysis
C3.ai is in a rising trend channel in the medium long term. This shows that investors over time have bought the stock at higher prices and indicates good development for the company.
The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range.
AI about to break upwards aggressively.AI (C3.ai) has made a Higher High yesterday, the highest level it's been since August 15. Having put both the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) behind, this rebound is taking place after a perfect bottom on the long-term Channel Up.
The first Bullish Leg of this pattern peaked on the 1.382 Fibonacci extension before a 1D MA200 pull-back. As a result, we are taking this early buy signal to target $60.00.
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AI C3.ai Options Ahead of EarningsIf you haven`t bought AI before the previous earnings:
Then analyzing the options chain and the chart patterns of AI C3.ai prior to the earnings report this week,
I would consider purchasing the 30usd strike price calls with
an expiration date of 2023-12-29,
for a premium of approximately $3.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
C3.AI Stock Soars After OpenAI Dilemma The technology industry was thrown into turmoil over the weekend after OpenAI fired CEO Sam Altman and staff threatened to quit. At the end of the day, Altman announced he would be joining Microsoft and most of OpenAI's staff has threatened to quit.
One of the beneficiaries today is C3.ai (AI 1.11%), which has seen its stock rise as much as 8.2%. Shares are up 7.3% as of 12:40 p.m. ET.
C3.ai Captures the AI imagination
The stock performance of C3.ai has been driven more by artificial intelligence hype than anything else this year. The revenue is up just 3% in the past year and the company is losing money, but that hasn't mattered because the stock is up 58.3%.
Price Momentum
AI is trading in the middle of its 52-week range and above its 200-day simple moving average.
What does this mean?
Investors are still evaluating the share price, but the stock still appears to have some upward momentum. This is a positive sign for the stock's future value.
AI Holding the 1D MA200. Most optimal buy entry.C3.AI (AI) has been trading within a Channel Up pattern since the December 28 2022 market bottom. The previous Higher Low was priced while it was testing (and holding) the 1D MA200 (orange trend-line). This is the exact situation we have now, with the stoch trading at the bottom (Higher Lows trend-line) of the pattern, holding the 1D MA200 as Support. At the same time, the 4H RSI is showcasing a Bullish Divergence, being on Higher Lows while the price is on Lower Lows.
As a result, this is the most optimal buy entry, and as long as the price trades within the Channel Up, we will target $72.00 (+180% rise).
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AI C3ai Options Ahead of EarningsIf you haven`t bought AI here:
Then analyzing the options chain and the chart patterns of AI C3ai prior to the earnings report this week,
I would consider purchasing the 30usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $6.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Complex pullback in C3.AI stock!On Monday, the bulls returned to the C3.ai stock following the signing of a new contract with a significant branch of the American military.
This development sent the share price of the AI specialist rocketing more than 8% higher so far this week, outperforming the week’s 1% increase in the S&P 500 index.
You can now spot a spring pattern after what Lance Beggs would describe as a complex double-swing pullback .
A daily close above $32 should be the beginning of a new rally to $48.
C3.AI stocks suppressed by the 1.618 level of the golden sectionC3.AI stocks suppressed by the 1.618 level of the golden section
This chart shows the weekly candle chart of C3. AI stocks for the past year. The graph overlays the low point at the end of 2022 against the golden section. As shown in the figure, the high points of C3.AI stocks at the end of May and July were precisely suppressed by the 1.618 level of the golden section in the figure, while the high point in June almost touched the short start level in November 2021! So for a period of time in the future, the probability of C3. AI stocks will probably rise again against the 0.618 to 0.809 positions in the golden section of the pullback chart!
C3.ai (AI) Looking Ready 4 Another ClimbI recon C3.ai have found another ladder to start climbing again after an inevitable lul in the market due to the initial 'hype' related to AI and c3.ai in particular had subsided only to leave the well known AI driven tech company to show why they are still a good investment through actual company performance as well as the fact that this week there was some good news from Oracle who gave AI stocks a boost, as the enterprise tech giant said strong cloud sales were being boosted by generative AI. That helped propel the broad market to a banner week, and C3.ai shares were up 24.4% for the week. So with all that inside info as well as the indicators on this chart you see here, Houston seems to be echoing in my analytical mind.
C3.AI: AI = SHORT - wyckoff distribution & bearish divergence1st - Bearish Divergence: RSI & MFI on 1D & 1W chart
2nd - Wyckoff Method: Distribution TR phase C (UTAD TEST) more pronounced in the 4&1H charts.
Analysis:
There seems to be weakness in the stock, and despite the recent highs and uptick in volume the exhaustion can be seen per the TA presented. BUT REMEMBER, the AI craze is still on going and this could be invalidated in minutes if the whales choose to push the price higher.
Targets if you trust the analysis:
Its pretty simple, I use fib retracement levels 21% and 38.2% as targets.
remember to use risk management and positioning!
*THIS IS NOT AN INVESTMENT ADVICE, JUST SHARING MY ANALYSIS AND INTERNAL THOUGHTS TO MYSELF*
2023.6.1 Will the stock price of C3.ai weaken in three weeks?2023.6.1 Will the stock price of C3.ai weaken in three weeks?
This chart shows the weekly candle chart of C3. ai's stock from its listing at the end of 2020 until now. The graph overlays the lines between the highs and lows of the past two years, the lines between the lows and lows, and the horizontal line of the strongest pressure level closest to the current stock price! As shown in the figure, the stock price of C3.ai began to rise in early May 2023 and has been closing positive for 5 consecutive weeks. After breaking through multiple pressure levels, it showed a standard form of releasing momentum by jumping short and opening high this week! In the next three weeks, there is a high probability that the rise of C3.ai will come to an end, retreat from the starting position of bearish positions in early April of this year, and then choose a new direction to break through!
AI C3.ai Options Ahead of EarningsAnalyzing the options chain of AI prior to the earnings report this week,
I would consider purchasing the 35usd strike price Calls with
an expiration date of 2023-7-21,
for a premium of approximately $6.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
AI is the meme of 2023. This is $AI stock. SimpleWith only a 3 billion market cap this stock has potential to rocket from retail money. Love the ticker. This stock has already had a huge rally this year and I expect it to continue and become a new meme stock of sorts, fueled by hype for the AI sector. Target is 109, the price it reached on it's IPO day.
AI, coming to lifeIf you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
In since $21.
Taking some off here and looking for a retrace to add.
At some previous consolidation now,
break this and $42 is the next congested area.
Hype can send this, hype has sent many things...that eventually came crashing down...
Cheers!
C3.ai 30% Gain in the next 11 daysOK Traders. Look at the Timed Cycles on the top of my chart and the trading pattern that AI has undergone since early February. I for one am not going to let this pass me by again. Likely by Wednesday I will take a large Position as the potential for a 30% gain within 11 days is very real. I firmly believe it's worth the risk for less than 2 weeks time. The Stochastic RSI appears to be confirming this as well with the same repeating pattern. This stock is Highly Manipulated so make sure you have set Trailing Stops on your positions. As well you can see where the potential top will be so be prepared to Short near the top if you are so inclined with your trading strategy.
AI, Reversal to the UPSIDE in order..AI is consolidating at 20-22 price levels -- a strong order block support which has been tested quite a few times already.
Net buying / accumulation has been spotted at the current levels forming 4H higher lows.
Expect a reversal to the upside from this price point.
Spotted at 22.0
TAYOR.
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LAST QTR results Jan 2023 for reference:
Jan 2023EPS beat by 72.57%
EPS (USD)
Expected
-0.22
Reported
-0.06
Surprise
72.57%
Revenue (USD)
Expected
64.25M
Reported
66.67M
Surprise
3.77%
AI - Running Away From The NazzyAn AI index, comprised of:
Shown in Blue
Google
Microsoft
NVIDIA
C3.AI
Nasdaq Shown in Orange
We see that they have broken away from the returns offered by the Nazzy Tech Index
Bottom of the Graph:
Spread between the above defined AI index and the Nazzy.
Has reached its All Time High..
Traders would have earned an additional 20+% by investing in the AI index in lieu of the Nazzy
Mind you, these companies have Zero additional profits resulting from AI, at this time.
How to profit from this?
Accepting ideas.