LUCID GROUP INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	LCID
ISIN:

LUCID GROUP INC. - Daily - Technical analysis published on 05/06/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

78%

17%

My opinion

Bullish above 2.88 USD

My targets

3.20 USD (+7.12%)

3.50 USD (+16.96%)

My analysis

The strong short-term increase in LUCID GROUP INC. calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 2.88 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 3.20 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 3.50 USD as an objective. Crossing it would then enable buyers to target 3.73 USD. Caution, a return under 2.88 USD could jeopardize the reversal.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

2.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by mh572. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

LUCID GROUP INC. rating 2.99 USD. The price has increased by +7.17% since the last closing and was between 2.81 USD and 3.00 USD. This implies that the price is at +6.41% from its lowest and at -0.33% from its highest.

2.81

3.00

2.99

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows an item:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of LUCID GROUP INC. in Daily shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	2.64	2.99	3.73	5.13	6.38
Change (%)	-11.71%	-	+24.75%	+71.57%	+113.38%
Change	-0.35	-	+0.74	+2.14	+3.39
Level	Major	-	Intermediate	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	2.56	2.64	2.72	2.80	2.88	2.96	3.04
Camarilla	2.75	2.76	2.78	2.79	2.81	2.82	2.83
Woodie	2.55	2.64	2.71	2.80	2.87	2.96	3.03
Fibonacci	2.64	2.70	2.74	2.80	2.86	2.90	2.96

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.99	2.19	2.49	2.69	2.99	3.19	3.49
Camarilla	2.65	2.70	2.74	2.79	2.84	2.88	2.93
Woodie	2.04	2.22	2.54	2.72	3.04	3.22	3.54
Fibonacci	2.19	2.38	2.50	2.69	2.88	3.00	3.19

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.64	1.96	2.26	2.58	2.88	3.20	3.50
Camarilla	2.38	2.44	2.49	2.55	2.61	2.66	2.72
Woodie	1.62	1.96	2.24	2.58	2.86	3.20	3.48
Fibonacci	1.96	2.20	2.35	2.58	2.82	2.97	3.20

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	64.76
MACD (12,26,9):	0.0000
Directional Movement:	15.11
AROON (14):	64.29
DEMA (21):	2.59
Parabolic SAR (0,02-0,02-0,2):	2.39
Elder Ray (13):	0.24
Super Trend (3,10):	2.40
Zig ZAG (10):	2.92
VORTEX (21):	1.0400
Stochastique (14,3,5):	93.78
TEMA (21):	2.71
Williams %R (14):	-1.04
Chande Momentum Oscillator (20):	0.52
Repulse (5,40,3):	10.9600
ROCnROLL:	1
TRIX (15,9):	-0.4000
Courbe Coppock:	16.29

MA7:	2.67
MA20:	2.55
MA50:	2.77
MA100:	3.20
MAexp7:	2.73
MAexp20:	2.63
MAexp50:	2.80
MAexp100:	3.24
Price / MA7:	+11.99%
Price / MA20:	+17.25%
Price / MA50:	+7.94%
Price / MA100:	-6.56%
Price / MAexp7:	+9.52%
Price / MAexp20:	+13.69%
Price / MAexp50:	+6.79%
Price / MAexp100:	-7.72%

Quotes : - 15 min delayed data - 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:

Lucid to Report Third Quarter Fiscal Year 2021 Financial Results on Monday, November 15, 2021

This member declared not having a position on this financial instrument or a related financial instrument.

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