LUCID GROUP INC. - Daily - Technical analysis published on 05/16/2024 (GMT)
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- 0
- Timeframe : Daily
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
72%
6%
22%
My opinion
Bullish above
My targets
()
()
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for LUCID GROUP INC. as long as the price remains well above . The buyers' bullish objective is set at . A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at . If there is any crossing, the next objective would be the resistance located at . As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at . On this resistance, against the trend traders who would like to go short on LUCID GROUP INC. with a bearish signal from their trading strategy, should not hesitate to act.
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
2.5
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This analysis was given by mh572. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
LUCID GROUP INC. rating 2.88 USD. The price registered a decrease of -0.69% on the session and was between 2.86 USD and 2.98 USD. This implies that the price is at +0.70% from its lowest and at -3.36% from its highest.2.86
2.98
2.88
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of LUCID GROUP INC. indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found this result concerning these indicators:
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 which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 2.65 | 2.88 | 3.73 | 5.13 | 6.38 |
| Change (%) | -7.99% | - | +29.51% | +78.13% | +121.53% |
| Change | -0.23 | - | +0.85 | +2.25 | +3.50 |
| 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 | 2.71 | 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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.99 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | 15.88 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 2.80 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.76 | |
| Elder Ray (13): | 0.13 | |
| Super Trend (3,10): | 2.46 | |
| Zig ZAG (10): | 2.88 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 60.07 | |
| TEMA (21): | 2.92 | |
| Williams %R (14): | -48.96 | |
| Chande Momentum Oscillator (20): | 0.33 | |
| Repulse (5,40,3): | -10.1200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 28.73 |
| MA7: | 2.83 | |
| MA20: | 2.68 | |
| MA50: | 2.71 | |
| MA100: | 3.06 | |
| MAexp7: | 2.85 | |
| MAexp20: | 2.74 | |
| MAexp50: | 2.81 | |
| MAexp100: | 3.18 | |
| Price / MA7: | +1.77% | |
| Price / MA20: | +7.46% | |
| Price / MA50: | +6.27% | |
| Price / MA100: | -5.88% | |
| Price / MAexp7: | +1.05% | |
| Price / MAexp20: | +5.11% | |
| Price / MAexp50: | +2.49% | |
| Price / MAexp100: | -9.43% |
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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