C3ai Inc (AI): Price Down $-2.69 (-3.91)% Over Past Day, Down $-0.45 (-0.68)% Over Past Hour

The Hourly View for AI

Currently, AI (Get Ratings)’s price is down $-0.45 (-0.68%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as AI has now gone down 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 100 hour moving average has been crossed, with price now being below it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

AI’s Technical Outlook on the Daily Chart

Currently, AI’s price is down $-2.69 (-3.91%) from the day prior. This is a reversal of the price action on the previous day, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. C3ai Inc’s price action over the past 90 days can be seen via the chart below.

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The post C3ai Inc (AI): Price Down $-2.69 (-3.91)% Over Past Day, Down $-0.45 (-0.68)% Over Past Hour appeared first on ETF Daily News.