Lucid Group Inc stock price ended on $37.12 on Thursday after gaining 1.57%

The Lucid Group Inc stock price gained 1.57% on the last trading day (Thursday, 4th Nov 2021), rising from $36.55 to $37.12. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 4.52% from a day low at $36.07 to a day high of $37.70. The price has risen in 6 of the last 10 days and is up by 51.76% over the past 2 weeks. Volume fell on the last day by -20 million shares and in total, 41 million shares were bought and sold for approximately $1.50 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

On Sep 15, 2021 "Bank of America" gave "$30.00" rating for LCID. The price target was changed from 18.95 to 5.5%.

The stock has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $31.60, a level that may pose a second chance to hit a runner. According to fan-theory $38.67 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

Mostly positive signals in the chart today. The Lucid Group Inc stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $34.97 and $26.68. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, October 13, 2021, and so far it has risen 64.32%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Lucid Group Inc finds support from accumulated volume at $36.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $1.63 between high and low, or 4.52%. For the last week, the stock has had a daily average volatility of 10.15%.

The Lucid Group Inc stock is extremely overbought on RSI14 (82). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Lucid Group Inc stock to perform well in the short-term period.