LUCID GROUP INC (LCID) Stock Technical Analysis
NASDAQ:LCID - Nasdaq - US5494981039 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to LCID. LCID scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
67% of all other stocks performed better in the past year than LCID.
LCID is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so LCID is lagging the market.
In the last month LCID has a been trading in the 2.08 - 3.00 range, which is quite wide. It is currently trading near the lows of this range.
LCID has an average volume of 126805000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
LCID is an average performer in the Automobiles industry, it outperforms 63% of 37 stocks in the same industry.
The technical rating of LCID is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.98
3.58
3 important support areas can be observed.
- Support @2.15 from a trend line in the weekly time frame.
- Support @2.09 from a horizontal line in the daily time frame.
- A support zone ranging from 2.00 to 2.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- Resistance @2.64 from a trend line in the weekly time frame.
- Resistance @2.85 from a trend line in the daily time frame.
- Resistance @3.12 from a trend line in the daily time frame.
- Resistance @3.44 from a horizontal line in the daily time frame.
- Resistance @3.54 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 | 33.03 | NEUTRAL | LCID is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LCID is below a declining 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) | 41.93 | NEUTRAL | The RSI value for LCID is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests LCID has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.78 | OVERSOLD | The low Stochastics value suggests LCID may be oversold. |
| Average True Range in percent/ATR (20) | 7.25 | HIGH VOLATILITY | The high ATR as a percentage value for LCID suggests high volalility. |
| Average Directional Index/ADX (14) | 18.93 | NEGATIVE | The low ADX value for LCID suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
2.23
+0.08 (+3.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg3.72%
1 Week1.36%
2 Weeks-12.89%
1 Month-11.16%
3 Month6.7%
6 Month-13.57%
12 Month-11.51%
2 Year-67.63%
3 Year-87%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%7.25%
ATR Inc-44.7%
Range Today0.11
ADR(20)0.15
ADR(20)%6.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS33.03
Mansfield-2.49
10 Day High2.7
10 Day Low2.08
20 Day High3
20 Day Low2.08
52 Week High4.43
52 Week Low1.93
CS1 End2.15
CR1 Start2.64
Volume & EV
DER(3)3.1%
DER(5)2.89%
Volume148.84M
Volume Incr14.32%
Vol(5)164.58M
Vol(50)126.81M