LUCID GROUP INC (LCID) Stock Technical Analysis
NASDAQ:LCID • US5494982029
Taking everything into account, LCID scores 1 out of 10 in our technical rating. LCID's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 94% of all other stocks performed better in the past year than LCID.
- LCID is one of the lesser performing stocks in the Automobiles industry. 61% of 35 stocks in the same industry do better.
- LCID is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month LCID has a been trading in the 9.52 - 12.15 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- LCID has an average volume of 7687230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
LCID has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
9.42
When analyzing the support we notice one important area.
- Support @9.52 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 10.15 to 10.28. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 10.62 to 10.67. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 11.08 to 11.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.69 from a horizontal line in the daily time frame.
- Resistance @14.53 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for LCID is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LCID is down. |
| ChartMill Relative Strength | 6.5 | NEGATIVE | LCID has a low relative strength, it was outperformed by 93.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of LCID is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LCID is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LCID is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.69 | NEUTRAL | The RSI value for LCID is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests LCID has a negative trend. |
| Stochastics (14,3) | 22.79 | NEUTRAL | The Stochastics value for LCID is a neutral value. |
| Average True Range in percent/ATR (20) | 7.74 | HIGH VOLATILITY | The high ATR as a percentage value for LCID suggests high volalility. |
| Average Directional Index/ADX (14) | 12.81 | NEGATIVE | The low ADX value for LCID suggests a weak or negative trend. |
9.8
-0.12 (-1.21%)
LUCID GROUP INC / LCID FAQ
What is the ChartMill technical rating of LUCID GROUP INC (LCID) stock?
ChartMill assigns a technical rating of 1 / 10 to LCID.
What is the trend direction for LCID stock?
The current trend direction for LUCID GROUP INC (LCID) is Bearish.
Can you provide the RSI signal for LUCID GROUP INC?
LUCID GROUP INC (LCID) has an RSI value of 41.6856. This indicates that the stock is currently neutral.
What is the short term momentum for LUCID GROUP INC (LCID) stock?
The short term momentum for LUCID GROUP INC (LCID) is negative.
What is the support and resistance level for LCID stock?
LUCID GROUP INC (LCID) has a support level at 9.52 and a resistance level at 10.15. Check the full technical report for our detailed analysis of LCID support and resistance levels.