LUCID GROUP INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	LCID
ISIN:

LUCID GROUP INC. - Weekly - Technical analysis published on 05/16/2024 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

44%

My opinion

Bearish under 3.20 USD

My targets

2.65 USD (-7.99%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on LUCID GROUP INC. as long as the price remains well below 3.20 USD. The sellers' bearish objective is set at 2.65 USD. A bearish break of this support would revive the bearish momentum. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.1

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

The LUCID GROUP INC. price is 2.88 USD. Over 5 days, this instrument gained +6.67% with the lowest point at 2.68 USD and the highest point at 3.35 USD. The deviation from the price is +7.46% for the low point and -14.03% for the high point.

2.68

3.35

2.88

Here is a more detailed summary of the historical variations registered by LUCID GROUP INC.:

Technical

A technical analysis in Weekly of this LUCID GROUP INC. chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 8 are neutral and 5 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	2.65	2.88	17.52	28.82	45.47
Change (%)	-7.99%	-	+508.33%	+900.69%	+1,478.82%
Change	-0.23	-	+14.64	+25.94	+42.59
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	2.71	2.79	2.83	2.91	2.95	3.03	3.07
Camarilla	2.85	2.86	2.87	2.88	2.89	2.90	2.91
Woodie	2.70	2.78	2.82	2.90	2.94	3.02	3.06
Fibonacci	2.79	2.83	2.86	2.91	2.95	2.98	3.03

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):	42.31
MACD (12,26,9):	-0.5500
Directional Movement:	1.45
AROON (14):	-71.43
DEMA (21):	2.30
Parabolic SAR (0,02-0,02-0,2):	2.29
Elder Ray (13):	0.16
Super Trend (3,10):	3.97
Zig ZAG (10):	2.88
VORTEX (21):	0.8600
Stochastique (14,3,5):	29.86
TEMA (21):	2.53
Williams %R (14):	-63.80
Chande Momentum Oscillator (20):	-0.14
Repulse (5,40,3):	-7.9900
ROCnROLL:	-1
TRIX (15,9):	-2.2400
Courbe Coppock:	36.34

MA7:	2.83
MA20:	2.68
MA50:	2.71
MA100:	3.06
MAexp7:	2.73
MAexp20:	3.11
MAexp50:	4.81
MAexp100:	8.31
Price / MA7:	+1.77%
Price / MA20:	+7.46%
Price / MA50:	+6.27%
Price / MA100:	-5.88%
Price / MAexp7:	+5.49%
Price / MAexp20:	-7.40%
Price / MAexp50:	-40.12%
Price / MAexp100:	-65.34%

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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