LUCID GROUP INC (LCID) Stock Technical Analysis
USA - NASDAQ:LCID - US5494982029 - Common Stock
Taking everything into account, LCID scores 0 out of 10 in our technical rating. 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 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
18.30
We can see 3 important resistance areas.
- A resistance zone ranging from 22.89 to 23.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @26.94 from a trend line in the weekly time frame.
- Resistance @29.09 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 | 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 | 7.29 | NEGATIVE | LCID has a low relative strength, it was outperformed by 92.71% off all stocks 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) | 34.05 | NEUTRAL | The RSI value for LCID is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.46 | NEGATIVE | The MACD value suggests LCID has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.79 | OVERSOLD | The low Stochastics value suggests LCID may be oversold. |
| Average True Range in percent/ATR (20) | 6.18 | HIGH VOLATILITY | The high ATR as a percentage value for LCID suggests high volalility. |
| Average Directional Index/ADX (14) | 18.98 | NEGATIVE | The low ADX value for LCID suggests a weak or negative trend. |
18.48
-0.17 (-0.91%)
LUCID GROUP INC / LCID FAQ
What is the ChartMill technical rating of LUCID GROUP INC (LCID) stock?
ChartMill assigns a technical rating of 0 / 10 to LCID.
Can you provide the trend direction for LUCID GROUP INC?
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 34.0523. This indicates that the stock is currently neutral.
Can you provide the MACD signal for LUCID GROUP INC?
The MACD indicator for LUCID GROUP INC (LCID) has a value of -0.455888, indicating a bearish trend.
What is the short term momentum for LCID stock?
The short term momentum for LUCID GROUP INC (LCID) is negative.