C3.ai[ticker symb=AI] stock saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 63 to 76.
This unique rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the best-performing stocks tend to have an RS Rating north of 80 as they begin their largest price moves. See if C3.ai can stock continue to rebound and clear that threshold.
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Is C3.ai Stock A Buy?
C3.ai stock broke out earlier on positive quarterly earnings results, but has fallen back below the prior 33.91 entry from a consolidation. If a stock you're watching climbs above a buy point then falls 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new consolidation and breakout. Also understand that the latest pattern is a later-stage base, and such bases are more prone to failure.
The enterprise AI software company showed 0% EPS growth last quarter. Revenue increased 18%.
C3.ai stock holds the No. 19 rank among its peers in the Computer Software-Special Enterprise industry group. AppLovin, AppFolio and Descartes Systems Group are among the top 5 highly rated stocks within the group.
