LUCID GROUP INC. - 15 min. - Technical analysis published on 01/06/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 38.45 USD
My targets
37.29 USD (-0.67%)
35.52 USD (-5.38%)
My analysis
In a bearish trend, the price of LUCID GROUP INC. tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 38.45 USD. A bearish break in the support located at 37.29 USD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 35.52 USD. Then 34.36 USD by extension. It would be safer to wait for a bearish break in the support located at 37.29 USD before allowing yourself to re trade short positions (for sale) on LUCID GROUP INC.. PS: if there is a bullish break in the resistance located at 38.45 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0
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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. price is 37.54 USD. The price has increased by +2.35% since the last closing with the lowest point at 33.76 USD and the highest point at 37.68 USD. The deviation from the price is +11.20% for the low point and -0.37% for the high point.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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of LUCID GROUP INC. in 15 min. shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages show a possible weakening of the global trend. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 15 minutes
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 15 minutes
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : 15 minutes
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 15 minutes
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): | 53.99 | |
| MACD (12,26,9): | -0.3800 | |
| Directional Movement: | -1.42 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 35.76 | |
| Parabolic SAR (0,02-0,02-0,2): | 34.27 | |
| Elder Ray (13): | 0.65 | |
| Super Trend (3,10): | 34.47 | |
| Zig ZAG (10): | 37.06 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 84.27 | |
| TEMA (21): | 35.95 | |
| Williams %R (14): | -1.72 | |
| Chande Momentum Oscillator (20): | 0.97 | |
| Repulse (5,40,3): | 4.6100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2000 | |
| Courbe Coppock: | 2.89 |
| MA7: | 38.27 | |
| MA20: | 38.52 | |
| MA50: | 42.58 | |
| MA100: | 32.70 | |
| MAexp7: | 36.49 | |
| MAexp20: | 36.31 | |
| MAexp50: | 37.23 | |
| MAexp100: | 37.90 | |
| Price / MA7: | -1.91% | |
| Price / MA20: | -2.54% | |
| Price / MA50: | -11.84% | |
| Price / MA100: | +14.80% | |
| Price / MAexp7: | +2.88% | |
| Price / MAexp20: | +3.39% | |
| Price / MAexp50: | +0.83% | |
| Price / MAexp100: | -0.95% |
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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