C3.ai Stock Faces Bearish Signals Ahead of Q1 Results: Can AI Rebound? – C3.ai (NYSE:AI)

Wall Street waits C3.ai Inc AI to report negative earnings per share (EPS) of 13 cents and $86.94 million in revenue when the company reports its first-quarter earnings on Thursday after market hours.

Shares are down 25.61% over the past year and 18.65% year-to-date.

Let’s take a look at what the charts indicate for C3.ai stock and how it currently compares to Wall Street estimates.

C3.ai Stock Chart strongly bearish ahead of Q1 earnings

C3.ai is facing a strongly bearish trend. The stock closed Tuesday at $23.45, up 0.47% on the day but below its five-, twenty- and fifty-day exponential moving averages.

Chart created with Benzinga Pro

This bearish momentum is confirmed as the stock price remains below its eight-day simple moving average of $23.67, its 20-day SMA of $24.37, and its 50-day SMA of $26.62, all of which are bearish signals.

Additionally, the stock is trading well below its 200-day simple moving average of $27.16, indicating continued bearish sentiment in the long term.

Chart created with Benzinga Pro

The Moving Average Convergence Divergence (MACD) indicator is at a negative level of 0.89, which further reinforces the bearish outlook for C3.ai. However, with a Relative Strength Index (RSI) of 37.33, the stock is approaching the oversold territory, suggesting a potential for a reversal or slight buying pressure.

The Bollinger Bands (25) range between $22.57 and $26.61, which supports the bearish view as the stock is trading within the lower band.

Overall, C3.ai's technical indicators suggest a predominantly bearish trend, but the nearly oversold RSI hints at a possible bounce.

Read also: C3.ai shares face death cross: a sign of trouble for the AI ​​pioneer?

C3.ai analysts predict a 17% increase

Ratings and consensus estimates: The analyst consensus rating on C3.ai stock currently stands at Outperform with a price target of $32.21.

The latest analyst ratings from Morgan Stanley, Canaccord Genuity and Piper Sandler indicate a 16.81% upside for C3.ai shares with an average price target of $27.33.

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