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Yext CEO Michael Walrath said on the Topline podcast that Wall Street has declared profitable software dead, with AI being the cause of death.
Yext posted the full conversation and invited viewers to share their thoughts.
Yext ($3.81) is trading just below both the MA-20 and MA-50 ($3.82), indicating short- and medium-term pressure from sellers, and significantly under the MA-200 ($6.67), confirming a persistent long-term bearish trend. The Ichimoku Kijun on D1 stands at $3.94, acting as immediate resistance above the current price. Near-term support is seen at the MA-20/MA-50 cluster ($3.82), while key support lies at the MA-100 ($4.83, not actionable due to its distance). Immediate resistance levels are set by the Ichimoku Kijun ($3.94), with the MA-100 ($4.83) as key resistance.
Momentum on D1 is weak: MACD issues a buy signal while ADX remains low at 21.64, reflecting modest trend strength. Oscillators are mixed: RSI sits neutral at 49.29, Stoch RSI is neutral, and CCI confirms mild consolidation. BBP signals continuing dominance by sellers. Yext has fallen $0.08 (2.44%) over the past week, slipping from a prev_week_close of $3.89. The current price is in the upper part of this volatile weekly range, which spanned from $3.27 to $4.14. Weekly volatility stands at a high 26.61%, and the tone reflects a steady decline from recent highs. In today’s session, the stock is under pressure, down 2.44% from the open.
Looking ahead, the expected price range for the coming week is $3.60 to $4.00, which is above the recent 52-week low ($3.27) but still sits well below the 52-week high ($9.20). The probability of a price increase is very low (less than 20%), while a further decline is more likely, according to persistent "Sell" signals from the W1 MACD, ADX, RSI, and higher-period MAs. The baseline scenario is for Yext to remain in a sideways corridor between $3.60 and $4.00. A bullish scenario would see a break above $3.94–$4.00, targeting further recovery. In the bearish case, a drop below $3.60 could open the way toward new yearly lows.