LUCID GROUP INC. - 1H - Technical analysis published on 01/06/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 40.06 USD
My targets
36.64 USD (-2.40%)
33.52 USD (-10.70%)
My analysis
The bearish trend is currently very strong for LUCID GROUP INC.. As long as the price remains below the resistance at 40.06 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 36.64 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 33.52 USD as an objective. Crossing it would then enable sellers to target 26.77 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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This analysis was given by jarias81197. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The LUCID GROUP INC. rating is 37.54 USD. The price registered an increase of +2.35% on the session and was between 33.76 USD and 37.68 USD. This implies that the price is at +11.20% from its lowest and at -0.37% from its highest.33.76
37.68
37.54
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of LUCID GROUP INC. indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 6 are bullish, 4 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 22.49 | 26.77 | 36.64 | 37.54 | 40.83 | 45.92 | 51.60 |
| Change (%) | -40.09% | -28.69% | -2.40% | - | +8.76% | +22.32% | +37.45% |
| Change | -15.05 | -10.77 | -0.90 | - | +3.29 | +8.38 | +14.06 |
| Level | Minor | Intermediate | Major | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.59 | 34.36 | 35.52 | 37.29 | 38.45 | 40.22 | 41.38 |
| Camarilla | 35.87 | 36.14 | 36.41 | 36.68 | 36.95 | 37.22 | 37.49 |
| Woodie | 32.29 | 34.21 | 35.22 | 37.14 | 38.15 | 40.07 | 41.08 |
| Fibonacci | 34.36 | 35.48 | 36.17 | 37.29 | 38.41 | 39.10 | 40.22 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.52 | 33.52 | 35.79 | 37.79 | 40.06 | 42.06 | 44.33 |
| Camarilla | 36.88 | 37.27 | 37.66 | 38.05 | 38.44 | 38.83 | 39.22 |
| Woodie | 31.65 | 33.59 | 35.92 | 37.86 | 40.19 | 42.13 | 44.46 |
| Fibonacci | 33.52 | 35.15 | 36.16 | 37.79 | 39.42 | 40.43 | 42.06 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.60 | 22.56 | 30.31 | 43.27 | 51.02 | 63.98 | 71.73 |
| Camarilla | 32.36 | 34.25 | 36.15 | 38.05 | 39.95 | 41.85 | 43.75 |
| Woodie | 6.99 | 21.26 | 27.70 | 41.97 | 48.41 | 62.68 | 69.12 |
| Fibonacci | 22.56 | 30.48 | 35.36 | 43.27 | 51.19 | 56.07 | 63.98 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 44.78 | |
| MACD (12,26,9): | -0.7200 | |
| Directional Movement: | -17.96 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 36.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 37.23 | |
| Elder Ray (13): | -0.86 | |
| Super Trend (3,10): | 38.56 | |
| Zig ZAG (10): | 37.10 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 32.22 | |
| TEMA (21): | 36.24 | |
| Williams %R (14): | -42.63 | |
| Chande Momentum Oscillator (20): | -1.26 | |
| Repulse (5,40,3): | 5.6300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1700 | |
| Courbe Coppock: | 14.24 |
| MA7: | 38.27 | |
| MA20: | 38.52 | |
| MA50: | 42.58 | |
| MA100: | 32.70 | |
| MAexp7: | 36.83 | |
| MAexp20: | 37.63 | |
| MAexp50: | 38.21 | |
| MAexp100: | 38.94 | |
| Price / MA7: | -1.91% | |
| Price / MA20: | -2.54% | |
| Price / MA50: | -11.84% | |
| Price / MA100: | +14.80% | |
| Price / MAexp7: | +1.93% | |
| Price / MAexp20: | -0.24% | |
| Price / MAexp50: | -1.75% | |
| Price / MAexp100: | -3.60% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on LUCID GROUP INC.. At the time of publication of this analysis, the latest news was as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
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