C3.ai Stock Shows Signs of Life After Rough Q1, but Bears Still in Control
C3.ai (NYSE: AI) reveals a flicker of life, but it’s still a long road ahead if bulls want to regain control. After getting hammered over the past couple of months—dropping from around $35 in early February to under $18 in early April—the stock is now hovering just under $20. That’s a tiny recovery, but it’s something.
The chart tells a story of a classic tech stock beatdown. After a big rally in December 2024, C3.ai looked like it was back on track. But the momentum fizzled fast in February and the price collapsed, slicing right through the 20-day (yellow line) and 50-day (blue line) exponential moving averages (EMAs) like a hot knife through butter.
Now, the stock sits below both EMAs, with the 20-day EMA at $21.11 and the 50-day at $24.01. That’s a bearish setup, and until the price can climb back above these moving averages, any upside is likely to be short-lived. In fact, the EMAs themselves are sloping downward, which usually means continued pressure.
Still, the recent bounce off the lows suggests some bargain hunters are stepping in. Maybe it’s short covering, maybe it’s hope—hard to say. The market hasn’t seen a solid catalyst yet, and with earnings season approaching, traders might just be holding their breath.
Bottom line: C3.ai is in a downtrend, but it’s trying to stabilize. Keep an eye on the $21 level—if it breaks above that and holds, the bulls might have a chance to regroup. Until then, caution is the name of the game.
