Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

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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Volatile ride for Lucid stock price on Wednesday moving between $2.74 and $3.07
(Updated on Mar 27, 2024)

Sell candidate since Mar 04, 2024 Loss -7.48% PDF

The Lucid stock price gained 7.61% on the last trading day (Wednesday, 27th Mar 2024), rising from $2.76 to $2.97. During the last trading day the stock fluctuated 11.86% from a day low at $2.74 to a day high of $3.07. The price has risen in 6 of the last 10 days and is up by 6.07% 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, 11 million more shares were traded than the day before. In total, 45 million shares were bought and sold for approximately $134.65 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 -17.99% during the next 3 months and, with a 90% probability hold a price between $1.69 and $2.77 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). 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. 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 $3.15. On a fall, the stock will find some support from the short-term average at $2.82. 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 -19.95%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Lucid stock

Lucid finds support from accumulated volume at $2.92 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 $0.325 between high and low, or 11.86%. For the last week, the stock has had daily average volatility of 9.35%.

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 Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Lucid Group Inc to open at $2.93, and during the day (based on 14 day Average True Range), to move between $2.73 and $3.21, which gives a possible trading interval of +/-$0.239 (+/-8.04%) up or down from last closing price. If Lucid Group Inc takes out the full calculated possible swing range there will be an estimated 16.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.92 (1.68%) than the resistance at $3.37 (13.47%), 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -2.081 Sell Candidate Upgraded

Predicted Opening Price for Lucid Group Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$2.93 ( 1.52%) $2.97

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 3.25 9.43 %
R2 3.13 5.25 %
R1 3.05 2.66 %
Current price: 2.97
Support S1 2.80 -5.70 %
S2 2.72 -8.28 %
S3 2.60 -12.46 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 3.46 16.50 %
R2 3.38 13.80 %
R1 3.37 13.47 %
Current price 2.97
Support S1 2.92 -1.68%
S2 2.88 -3.03%
S3 2.65 -10.77%

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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

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 2024-03-27, the price of an Lucid (LCID) share was $2.97.

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 2024-03-27, 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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