LUCID GROUP INC (LCID) Stock Technical Analysis
USA - NASDAQ:LCID - US5494981039 - Common Stock
22.98 USD
+0.74 (+3.33%)
22.88 USD
-0.1 (-0.44%)
Taking everything into account, LCID scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. LCID was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, LCID is a bad performer in the overall market: 86% of all stocks are doing better.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month LCID has a been trading in the 15.25 - 23.93 range, which is quite wide. It is currently trading near the high of this range.
LCID has an average volume of 89754900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
LCID is part of the Automobiles industry. There are 37 other stocks in this industry, LCID did better than 47% of them.
LCID is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LCID is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
21.68
30.11
When analyzing the support we notice one important area.
- A support zone ranging from 21.90 to 22.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 22.99 to 22.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @27.93 from a trend line in the weekly time frame.
- Resistance @29.17 from a trend line in the weekly time frame.
- Resistance @29.81 from a trend line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for LCID is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LCID is up. |
| ChartMill Relative Strength | 14 | NEGATIVE | LCID has a low relative strength, it was outperformed by 86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LCID is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of LCID is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of LCID is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.38 | NEUTRAL | The RSI value for LCID is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.6 | POSITIVE | The MACD value suggests LCID has a positive trend. |
| Stochastics (14,3) | 89.28 | OVERBOUGHT | The high Stochastics value suggests LCID may be overbought. |
| Average True Range in percent/ATR (20) | 5.71 | HIGH VOLATILITY | The high ATR as a percentage value for LCID suggests high volalility. |
| Average Directional Index/ADX (14) | 18.24 | 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)
22.98
+0.74 (+3.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg3.33%
1 Week12.87%
2 Weeks18.21%
1 Month8.91%
3 Month8.4%
6 Month-0.95%
12 Month-35.99%
2 Year-58.89%
3 Year-83.55%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.28
ATR(20)%5.71%
ATR Inc29.41%
Range Today1.59
ADR(20)1.26
ADR(20)%5.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14
Mansfield-1.68
10 Day High23.94
10 Day Low18.8
20 Day High23.94
20 Day Low15.25
52 Week High36.7
52 Week Low15.25
CS1 End22.59
CR1 Start22.99
Volume & EV
DER(3)6.22%
DER(5)4.16%
Volume9.25M
Volume Incr-78.85%
Vol(5)9.53M
Vol(50)89.75M