RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of LCID
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Lucid stock price ended at $2.85 on Thursday, after losing 4.04%.
(Updated on Mar 28, 2024)

Sell candidate since Mar 04, 2024 Loss -11.21% PDF

The Lucid stock price fell by -4.04% on the last day (Thursday, 28th Mar 2024) from $2.97 to $2.85. During the last trading day the stock fluctuated 6.36% from a day low at $2.83 to a day high of $3.01. The price has risen in 6 of the last 10 days and is up by 8.37% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -25 million shares and in total, 20 million shares were bought and sold for approximately $58.35 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -16.61% during the next 3 months and, with a 90% probability hold a price between $1.76 and $2.83 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.

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LCID Signals & Forecast

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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $3.13. On a fall, the stock will find some support from the short-term average at $2.85. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, February 16, 2024, and so far it has fallen -23.18%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Lucid stock

Lucid finds support from accumulated volume at $2.83 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.180 between high and low, or 6.36%. For the last week, the stock has had daily average volatility of 9.53%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (LCID) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Lucid Group Inc to open at $2.90, and during the day (based on 14 day Average True Range), to move between $2.62 and $3.08, which gives a possible trading interval of +/-$0.235 (+/-8.24%) up or down from last closing price. If Lucid Group Inc takes out the full calculated possible swing range there will be an estimated 16.48% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.83 (0.70%) than the resistance at $2.92 (2.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Lucid Group Inc stock A Buy?

Lucid holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -3.256 Sell Candidate Unchanged

Predicted Opening Price for Lucid Group Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$2.90 ( 1.64%) $2.85

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

Trading levels for LCID

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.08 7.95 %
R2 3.01 5.54 %
R1 2.97 4.05 %
Current price: 2.85
Support S1 2.83 -0.775 %
S2 2.79 -2.27 %
S3 2.72 -4.68 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 3.46 21.40 %
R2 3.37 18.25 %
R1 2.92 2.46 %
Current price 2.85
Support S1 2.83 -0.702%
S2 2.71 -4.91%
S3 2.65 -7.02%

FAQ

What is the symbol for Lucid Stock and on which exchange is it traded?
The symbol for Lucid is LCID and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Lucid Stock?
Lucid holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Lucid Stock?
Lucid Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Lucid Stock.

What's the current price of Lucid Stock?
As of the end of day on the 2024-03-28, the price of an Lucid (LCID) share was $2.85.

What is the 52-week high and low for Lucid Stock?
The 52-week high for Lucid Stock is $8.87 and the 52-week low is $2.54.

What is the market capitalization of Lucid Stock?
As of the 2024-03-28, the market capitalization of Lucid is 6.348B.

When is the next earnings date for Lucid?
The upcoming earnings date for Lucid is May 13, 2024.
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About Lucid Group Inc

Lucid Lucid Group, Inc. a technology and automotive company, develops electric vehicle (EV) technologies. The company designs, engineers, and builds electric vehicles, EV powertrains, and battery systems. As of December 31, 2021, it operates twenty retail studios in the United States. Lucid Group, Inc. was founded in 2007 and is headquartered in Newark, California.... LCID Profile

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