LUCID GROUP INC (LCID) Stock Technical Analysis
NASDAQ:LCID - Nasdaq - US5494981039 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to LCID. In the last year, LCID was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
LCID has an average volume of 163212000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, LCID turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
LCID is part of the Automobiles industry. There are 37 other stocks in this industry, LCID did better than 63% 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.
In the last month LCID has a been trading in the 1.98 - 3.37 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although LCID has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.99
3.47
We found 2 important support areas.
- A support zone ranging from 2.09 to 2.12. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @2.01 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.44 to 3.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 59.73 | NEUTRAL | LCID is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of LCID is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of LCID is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 69.99 | NEUTRAL | The RSI value for LCID is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests LCID has a positive trend. |
| Stochastics (14,3) | 73.01 | NEUTRAL | The Stochastics value for LCID is a neutral value. |
| 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) | 30 | POSITIVE | The high ADX value value for LCID suggests a strong 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)
3.13
+0.31 (+10.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg10.99%
1 Week34.33%
2 Weeks36.09%
1 Month44.91%
3 Month25.2%
6 Month12.19%
12 Month-7.4%
2 Year-58.87%
3 Year-82.85%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%6.18%
ATR Inc92.06%
Range Today0.4
ADR(20)0.16
ADR(20)%5.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.73
Mansfield0.49
10 Day High3.37
10 Day Low2.23
20 Day High3.37
20 Day Low1.98
52 Week High4.43
52 Week Low1.93
CS1 End2.12
CR1 Start3.44
Volume & EV
DER(3)1.94%
DER(5)1.78%
Volume259.32M
Volume Incr164.51%
Vol(5)363.41M
Vol(50)163.21M