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The Lucid stock price fell by -7.46% on the last day (Tuesday, 27th Dec 2022) from $6.70 to $6.20. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 6.96% from a day low at $6.18 to a day high of $6.61. The price has fallen in 9 of the last 10 days and is down by -25.12% for this period. Volume has increased on the last day by 13 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 35 million shares were bought and sold for approximately $219.24 million.
B of A Securities is very positive about LCID and gave it a "" rating on Dec 15, 2022. The price target was set to 21.Over the last 90 days, this security got 2 buy, 1 sell, and 0 hold ratings.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $5.46 is broken, it will firstly indicate a stronger fall rate.Given the current short-term trend, the stock is expected to fall -46.20% during the next 3 months and, with a 90% probability hold a price between $2.94 and $4.99 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Lucid stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $6.97 and $9.63. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, October 31, 2022, and so far it has fallen -56.61%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.430 between high and low, or 6.96%. For the last week, the stock has had daily average volatility of 6.49%.
Lucid is oversold on RSI14 (3). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Lucid holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Check full Lucid forecast and analysis here.