LUCID GROUP INC. - Daily - Technical analysis published on 05/09/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 2.88 USD
My targets
2.58 USD (-3.98%)
2.26 USD (-16.10%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on LUCID GROUP INC.. As long as you are under the resistance located at 2.88 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 2.58 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 2.26 USD as an objective. Crossing it would then enable sellers to target 1.96 USD. If the resistance 2.88 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
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
0.7
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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 2.69 USD. The price is lower by -0.74% since the last closing and was between 2.67 USD and 2.74 USD. This implies that the price is at +0.75% from its lowest and at -1.82% from its highest.2.67
2.74
2.69
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:
Technical
A technical analysis in Daily of this LUCID GROUP INC. chart shows a bearish trend. 71.43% 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are bullish. There is still some doubt about the price increase.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 2.65 | 2.69 | 3.73 | 5.13 | 6.38 |
| Change (%) | -1.49% | - | +38.66% | +90.71% | +137.17% |
| Change | -0.04 | - | +1.04 | +2.44 | +3.69 |
| Level | Major | - | Intermediate | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.53 | 2.56 | 2.64 | 2.67 | 2.75 | 2.78 | 2.86 |
| Camarilla | 2.68 | 2.69 | 2.70 | 2.71 | 2.72 | 2.73 | 2.74 |
| Woodie | 2.55 | 2.57 | 2.66 | 2.68 | 2.77 | 2.79 | 2.88 |
| Fibonacci | 2.56 | 2.61 | 2.63 | 2.67 | 2.72 | 2.74 | 2.78 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 51.10 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 9.04 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 2.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.58 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 2.43 | |
| Zig ZAG (10): | 2.70 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 48.12 | |
| TEMA (21): | 2.74 | |
| Williams %R (14): | -49.61 | |
| Chande Momentum Oscillator (20): | 0.18 | |
| Repulse (5,40,3): | 2.6200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1900 | |
| Courbe Coppock: | 21.39 |
| MA7: | 2.75 | |
| MA20: | 2.56 | |
| MA50: | 2.75 | |
| MA100: | 3.14 | |
| MAexp7: | 2.71 | |
| MAexp20: | 2.65 | |
| MAexp50: | 2.79 | |
| MAexp100: | 3.21 | |
| Price / MA7: | -2.18% | |
| Price / MA20: | +5.08% | |
| Price / MA50: | -2.18% | |
| Price / MA100: | -14.33% | |
| Price / MAexp7: | -0.74% | |
| Price / MAexp20: | +1.51% | |
| Price / MAexp50: | -3.58% | |
| Price / MAexp100: | -16.20% |
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.
About author
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