LUCID GROUP INC. - Weekly - Technical analysis published on 05/14/2024 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 3.50 USD
My targets
2.88 USD (-10.09%)
2.65 USD (-17.19%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 3.50 USD remains possible. It is advisable to trade LUCID GROUP INC. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 3.50 USD. The next bearish objective for sellers is set at 2.88 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.65 USD. PS: if there is a bullish break in the resistance located at 3.50 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
2
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This analysis was given by mh572. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The LUCID GROUP INC. rating is 3.20 USD. The price registered an increase of +22.14% over 5 days and was traded between 2.60 USD and 3.35 USD over the period. The price is currently at +23.08% from its lowest point and -4.48% from its highest point.2.60
3.35
3.20
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Weekly chart of LUCID GROUP INC. indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Weekly
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 2.65 | 3.20 | 17.52 | 28.82 | 45.47 |
| Change (%) | -17.19% | - | +447.50% | +800.63% | +1,320.94% |
| Change | -0.55 | - | +14.32 | +25.62 | +42.27 |
| Level | Major | - | Minor | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.25 | 2.46 | 2.64 | 2.85 | 3.03 | 3.24 | 3.42 |
| Camarilla | 2.70 | 2.74 | 2.77 | 2.81 | 2.85 | 2.88 | 2.92 |
| Woodie | 2.23 | 2.45 | 2.62 | 2.84 | 3.01 | 3.23 | 3.40 |
| Fibonacci | 2.46 | 2.61 | 2.70 | 2.85 | 3.00 | 3.09 | 3.24 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.95 | 2.27 | 2.46 | 2.78 | 2.97 | 3.29 | 3.48 |
| Camarilla | 2.52 | 2.57 | 2.61 | 2.66 | 2.71 | 2.75 | 2.80 |
| Woodie | 1.90 | 2.24 | 2.41 | 2.75 | 2.92 | 3.26 | 3.43 |
| Fibonacci | 2.27 | 2.46 | 2.58 | 2.78 | 2.97 | 3.09 | 3.29 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 46.75 | |
| MACD (12,26,9): | -0.5300 | |
| Directional Movement: | 1.45 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 2.36 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.29 | |
| Elder Ray (13): | 0.12 | |
| Super Trend (3,10): | 3.97 | |
| Zig ZAG (10): | 3.21 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 36.20 | |
| TEMA (21): | 2.61 | |
| Williams %R (14): | -44.48 | |
| Chande Momentum Oscillator (20): | 0.18 | |
| Repulse (5,40,3): | 11.8300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -2.2200 | |
| Courbe Coppock: | 33.10 |
| MA7: | 2.82 | |
| MA20: | 2.63 | |
| MA50: | 2.72 | |
| MA100: | 3.09 | |
| MAexp7: | 2.81 | |
| MAexp20: | 3.14 | |
| MAexp50: | 4.83 | |
| MAexp100: | 8.32 | |
| Price / MA7: | +13.48% | |
| Price / MA20: | +21.67% | |
| Price / MA50: | +17.65% | |
| Price / MA100: | +3.56% | |
| Price / MAexp7: | +13.88% | |
| Price / MAexp20: | +1.91% | |
| Price / MAexp50: | -33.75% | |
| Price / MAexp100: | -61.54% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on LUCID GROUP INC. at the time of the analysis were as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
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