LUCID GROUP INC. - 1H - Technical analysis published on 10/21/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 2.65 USD
My targets
2.49 USD (-5.32%)
My analysis
The bearish trend is currently very strong for LUCID GROUP INC.. As long as the price remains below the resistance at 2.65 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 2.49 USD. The bearish momentum would be revived by a break in this support. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7
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This analysis was given by Jaber300. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The LUCID GROUP INC. price is 2.63 USD. On the day, this instrument lost -2.23% with the lowest point at 2.55 USD and the highest point at 2.72 USD. The deviation from the price is +3.14% for the low point and -3.31% for the high point.2.55
2.72
2.63
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Technical
A technical analysis in 1H 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, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
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 | 2.49 | 2.63 | 2.65 | 2.90 | 3.26 |
| Change (%) | -5.32% | - | +0.76% | +10.27% | +23.95% |
| Change | -0.14 | - | +0.02 | +0.27 | +0.63 |
| 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 | 2.38 | 2.46 | 2.55 | 2.63 | 2.72 | 2.80 | 2.89 |
| Camarilla | 2.58 | 2.60 | 2.61 | 2.63 | 2.65 | 2.66 | 2.68 |
| Woodie | 2.38 | 2.46 | 2.55 | 2.63 | 2.72 | 2.80 | 2.89 |
| Fibonacci | 2.46 | 2.53 | 2.57 | 2.63 | 2.70 | 2.74 | 2.80 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.05 | 3.15 | 3.28 | 3.38 | 3.51 | 3.61 | 3.74 |
| Camarilla | 3.34 | 3.36 | 3.38 | 3.40 | 3.42 | 3.44 | 3.46 |
| Woodie | 3.06 | 3.16 | 3.29 | 3.39 | 3.52 | 3.62 | 3.75 |
| Fibonacci | 3.15 | 3.24 | 3.30 | 3.38 | 3.47 | 3.53 | 3.61 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.26 | 2.82 | 3.17 | 3.73 | 4.08 | 4.64 | 4.99 |
| Camarilla | 3.28 | 3.36 | 3.45 | 3.53 | 3.61 | 3.70 | 3.78 |
| Woodie | 2.17 | 2.77 | 3.08 | 3.68 | 3.99 | 4.59 | 4.90 |
| Fibonacci | 2.82 | 3.16 | 3.38 | 3.73 | 4.07 | 4.29 | 4.64 |
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): | 17.26 | |
| MACD (12,26,9): | -0.1800 | |
| Directional Movement: | -34.22 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 2.60 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.79 | |
| Elder Ray (13): | -0.10 | |
| Super Trend (3,10): | 2.82 | |
| Zig ZAG (10): | 2.63 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 14.73 | |
| TEMA (21): | 2.52 | |
| Williams %R (14): | -77.14 | |
| Chande Momentum Oscillator (20): | -0.17 | |
| Repulse (5,40,3): | -0.6300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.7900 | |
| Courbe Coppock: | 32.60 |
| MA7: | 3.13 | |
| MA20: | 3.33 | |
| MA50: | 3.51 | |
| MA100: | 3.27 | |
| MAexp7: | 2.65 | |
| MAexp20: | 2.83 | |
| MAexp50: | 3.06 | |
| MAexp100: | 3.23 | |
| Price / MA7: | -15.97% | |
| Price / MA20: | -21.02% | |
| Price / MA50: | -25.07% | |
| Price / MA100: | -19.57% | |
| Price / MAexp7: | -0.75% | |
| Price / MAexp20: | -7.07% | |
| Price / MAexp50: | -14.05% | |
| Price / MAexp100: | -18.58% |
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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