AI Dominates Black Friday: Online Sales Reach $11.8B with 805% Increase in Traffic Driven by Algorithms
Record Online Spending: U.S. consumers spent a record $11.8 billion online on Black Friday, a 9.1% increase from last year, indicating a strong shift towards e-commerce during the holiday shopping season.
AI's Impact on Sales: There was an 805% increase in AI-generated visits to retail sites, with AI influencing $14.2 billion in global sales, highlighting its growing role as a revenue driver in holiday shopping.
Price Pressures and Consumer Behavior: Average selling prices rose by 7%, while overall order volumes fell by 1%, reflecting the impact of inflation and tariffs on consumer spending habits.
Mixed In-Store Performance: While online sales surged, physical retail performance was mixed, with conflicting reports on foot traffic, suggesting a need for further analysis once major retailers release their fourth-quarter earnings.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI) As of , Sleepless AI (AI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00938 | 0.0149 | 0.0201 | 0.0256 | 0.0308 | 0.0363 | 0.0415 |
| Fibonacci | 0.0149 | 0.019 | 0.0215 | 0.0256 | 0.0297 | 0.0322 | 0.0363 |
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