Golden Cross Alert: C3.ai Stock Shines With Strong Bullish Signals

C3.ai, Inc. AI, the enterprise artificial intelligence software company, is drawing investor attention as its stock makes a Golden Cross.

The company’s AI platform, used for designing, developing, and deploying enterprise AI applications, is now reflected in its stock performance.

Over the past year, AI stock has faced a decline of 27.35%, but it has seen a modest year-to-date gain of 3.24%. Despite this rocky road, the recent technical indicators paint a strongly bullish picture.

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C3.ai Stock’s Strong Bullish Trend

C3.ai’s share price of $29.64 is currently above its 5, 20, and 50-day exponential moving averages, signaling a robust bullish trend with slight buying pressure.

Specifically, the 8-day simple moving average (SMA) of $29.14, the 20-day SMA of $28.98, and the 50-day SMA of $27.21 all align to indicate a bullish signal.

Chart created using Benzinga Pro

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Golden Cross Formation Confirms Bullish Trend For C3.ai Stock

The 200-day SMA, sitting at $27.08, reinforces this positive outlook, showing that the stock price is well above long-term averages. The 50-day SMA at $27.21 has crossed over the 200-day SMA, forming the Golden Cross.

Chart created using Benzinga Pro

The Moving Average Convergence Divergence (MACD) indicator stands at 0.50, further suggesting a bullish momentum.

The Relative Strength Index (RSI) at 57.54 suggests that while the stock is nearing overbought territory, it still maintains upward potential. Bollinger Bands (25) at $26.77 to $31.72 supports the bullish sentiment, indicating the stock is trading within a bullish range.

Investors are closely watching C3.ai as these technical indicators align, suggesting the potential for continued growth and a strong bullish trend following the Golden Cross breakout.

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