LUCID GROUP INC. - Daily - Technical analysis published on 05/14/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 2.88 USD
My targets
3.50 USD (+9.28%)
3.73 USD (+16.56%)
My analysis
LUCID GROUP INC. is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 2.88 USD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 3.50 USD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 3.73 USD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 5.13 USD. Beware of a possible return to under the support located at 2.88 USD which would be the sign of a correction of the bullish excesses registered in the short term.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5
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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 has increased by +13.88% since the last closing with the lowest point at 2.98 USD and the highest point at 3.35 USD. The deviation from the price is +7.38% for the low point and -4.48% for the high point.2.98
3.35
3.20
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by LUCID GROUP INC.:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of LUCID GROUP INC. indicates that the overall trend is slightly bullish. 50.00% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, 17 technical indicators on 18 studied are currently positioned bullish. 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
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 3.73 | 5.13 | 6.38 |
| Change (%) | -17.19% | - | +16.56% | +60.31% | +99.38% |
| Change | -0.55 | - | +0.53 | +1.93 | +3.18 |
| Level | Major | - | Intermediate | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
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): | 65.81 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | 23.12 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 2.76 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.60 | |
| Elder Ray (13): | 0.41 | |
| Super Trend (3,10): | 2.46 | |
| Zig ZAG (10): | 3.21 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 63.89 | |
| TEMA (21): | 2.89 | |
| Williams %R (14): | -16.67 | |
| Chande Momentum Oscillator (20): | 0.73 | |
| Repulse (5,40,3): | 4.9800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 28.98 |
| MA7: | 2.82 | |
| MA20: | 2.63 | |
| MA50: | 2.72 | |
| MA100: | 3.09 | |
| MAexp7: | 2.84 | |
| MAexp20: | 2.72 | |
| MAexp50: | 2.81 | |
| MAexp100: | 3.20 | |
| Price / MA7: | +13.48% | |
| Price / MA20: | +21.67% | |
| Price / MA50: | +17.65% | |
| Price / MA100: | +3.56% | |
| Price / MAexp7: | +12.68% | |
| Price / MAexp20: | +17.65% | |
| Price / MAexp50: | +13.88% | |
| Price / MAexp100: | -0% |
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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