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Lucid Group Inc Stock Forecast NASDAQ:LCID

$55.06 (6.46%)

Volume: 76M

Closed: Nov 29, 2021

Hollow Logo Score: 1.794

Lucid Group Inc Stock Forecast

$55.06 (6.46%)

Volume: 76M

Closed: Nov 29, 2021

Score Hollow Logo 1.794
Which way will LCID go? Request
Mon, Nov 29, 2021 Buy Candidate Upgraded

LCID Stock Risk

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 $4.62 between high and low, or 9.11%. For the last week, the stock has had a daily average volatility of 9.37%.

Our recommended stop-loss: $52.85 (-4.02%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 8 days ago.)

Overall risk:

Very Low Low Medium High Very High

* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 20 - 80 ] RSI14 is 59 and the stock is currently not being overbought or oversold

Strong day for Lucid Group Inc stock price on Monday rising 6.46% to $55.06
(Updated on Nov 29, 2021)


Buy or Hold candidate since 2021-10-14 Gain 129.32%

The Lucid Group Inc stock price gained 6.46% on the last trading day (Monday, 29th Nov 2021), rising from $51.72 to $55.06. During the day the stock fluctuated 9.11% from a day low at $50.71 to a day high of $55.33. The price has risen in 6 of the last 10 days and is up by 25.34% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 39 million more shares were traded than the day before. In total, 76 million shares were bought and sold for approximately $4.18 billion.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 140.48% during the next 3 months and, with a 90% probability hold a price between $91.41 and $144.21 at the end of this 3-month period.

Signals & Forecast

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 $52.17 and $37.65. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, November 16, 2021, and so far it has fallen -0.83%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

Lucid Group Inc finds support from accumulated volume at $52.55 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 $4.62 between high and low, or 9.11%. For the last week, the stock has had a daily average volatility of 9.37%.

Our recommended stop-loss: $52.85 (-4.02%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 8 days ago.)

Is Lucid Group Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.794

Predicted Opening Price for Lucid Group Inc of Tuesday, November 30, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 30, 2021 Current price
$53.70 $55.06 (Overvalued)
Buy Candidate Upgraded

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Analyst Ratings

On Nov 17, 2021 "Morgan Stanley" gave "$12.00 - $16.00" rating for LCID. The price target was changed from 52.15 to 6.1%.

Volatility and Risk
Daily Average Volatility: 9.37 %
Overall Risk: Very High High Medium Low Very Low
Volatility
9.37 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $55.21
Price: $55.06
Support: $52.55

LCID Insider Trading Show all Trades

INSIDER POWER

2 527.604

Last 28 transactions
Buy: 1 067 634 752 | Sell: 422 390 (Shares)
Date Action Amount Person Type
Oct 25, 2021 Buy 11 206 Alnowaiser Turqi A. Class A Common Stock
Oct 25, 2021 Buy 11 206 Lindenberg Frank Class A Common Stock
Oct 25, 2021 Buy 11 206 Posawatz Anthony L Class A Common Stock
Oct 25, 2021 Buy 11 206 Gioia Nancy Lee Class A Common Stock
Oct 25, 2021 Buy 11 206 Liveris Andrew N Class A Common Stock
Show all Insider Trades
INSIDER POWER

2 527.604

Last 28 transactions
Buy: 1 067 634 752 | Sell: 422 390 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 58.32 5.92 %
56.56 2.72 %
55.46 0.74 %
Current price: 55.06
Support 51.94 -5.68 %
50.84 -7.66 %
49.08 -10.86 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
55.52 0.84 %
55.21 0.27 %
Current price 55.06
Support 52.55 -4.56%
47.05 -14.55%
45.92 -16.60%

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