LUCID GROUP INC. - Daily - Technical analysis published on 02/01/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 3.60 USD
My targets
3.32 USD (-1.86%)
3.01 USD (-10.86%)
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 3.60 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 3.60 USD. The next bearish objective for sellers is set at 3.32 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.01 USD. In case of crossing, the next objective would be the support located at 2.65 USD. PS: if there is a bullish break in the resistance located at 3.60 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, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.8
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This analysis was given by nfkhamis. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The LUCID GROUP INC. rating is 3.38 USD. On the day, this instrument lost -2.31% and was traded between 3.35 USD and 3.77 USD over the period. The price is currently at +0.90% from its lowest and -10.34% from its highest.3.35
3.77
3.38
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by LUCID GROUP INC.:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on LUCID GROUP INC. were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this Daily chart of LUCID GROUP INC. indicates that the overall trend is bearish. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 10 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : Daily
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 | 3.38 | 3.75 | 5.13 | 6.71 |
| Change (%) | -21.60% | - | +10.95% | +51.78% | +98.52% |
| Change | -0.73 | - | +0.37 | +1.75 | +3.33 |
| 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 | 2.81 | 3.08 | 3.23 | 3.50 | 3.65 | 3.92 | 4.07 |
| Camarilla | 3.27 | 3.30 | 3.34 | 3.38 | 3.42 | 3.46 | 3.50 |
| Woodie | 2.75 | 3.05 | 3.17 | 3.47 | 3.59 | 3.89 | 4.01 |
| Fibonacci | 3.08 | 3.24 | 3.34 | 3.50 | 3.66 | 3.76 | 3.92 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.83 | 2.20 | 2.42 | 2.79 | 3.01 | 3.38 | 3.60 |
| Camarilla | 2.49 | 2.54 | 2.60 | 2.65 | 2.70 | 2.76 | 2.81 |
| Woodie | 1.77 | 2.16 | 2.36 | 2.75 | 2.95 | 3.34 | 3.54 |
| Fibonacci | 2.20 | 2.42 | 2.56 | 2.79 | 3.01 | 3.15 | 3.38 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.54 | 3.32 | 3.76 | 4.54 | 4.98 | 5.76 | 6.20 |
| Camarilla | 3.88 | 3.99 | 4.10 | 4.21 | 4.32 | 4.43 | 4.55 |
| Woodie | 2.38 | 3.24 | 3.60 | 4.46 | 4.82 | 5.68 | 6.04 |
| Fibonacci | 3.32 | 3.78 | 4.07 | 4.54 | 5.00 | 5.29 | 5.76 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.36 | |
| MACD (12,26,9): | -0.2500 | |
| Directional Movement: | 5.99 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 2.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.63 | |
| Elder Ray (13): | 0.41 | |
| Super Trend (3,10): | 2.53 | |
| Zig ZAG (10): | 3.38 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 67.97 | |
| TEMA (21): | 2.90 | |
| Williams %R (14): | -34.37 | |
| Chande Momentum Oscillator (20): | 0.37 | |
| Repulse (5,40,3): | 0.9400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -1.3300 | |
| Courbe Coppock: | 24.89 |
| MA7: | 3.05 | |
| MA20: | 3.20 | |
| MA50: | 3.91 | |
| MA100: | 4.40 | |
| MAexp7: | 3.15 | |
| MAexp20: | 3.28 | |
| MAexp50: | 3.77 | |
| MAexp100: | 4.44 | |
| Price / MA7: | +10.82% | |
| Price / MA20: | +5.63% | |
| Price / MA50: | -13.55% | |
| Price / MA100: | -23.18% | |
| Price / MAexp7: | +7.30% | |
| Price / MAexp20: | +3.05% | |
| Price / MAexp50: | -10.34% | |
| Price / MAexp100: | -23.87% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on LUCID GROUP INC. at the time of the generation of this analysis was as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
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