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Lucid

Lucid is Pulling UpHello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Shares of American electric vehicle manufacturer Lucid Group Inc (NASDAQ:LCID) opened higher Monday after the company delivered its first dream edition vehicles over the weekend. Lucid shares opened up the session at $41 and are currently priced around the $45.90 mark, up 12% from Friday's close. The long and short-term trends are both positive. This is looking good! A new 52 week high is currently being made by LCID, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs. Possible Scenario for the market : The market is looking Bullish with a good momentum the first step will be reaching the resistance line at $53.70 by the end of the week, if the stock was able to breakout that resistance then we could be seeing a further push that could drive the value of the stock up to the $64.55. The stock has a small possibility to go into a correction move that could reach the 35.90 but no further without any updates yet. Technical indicators show : 1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish sign) 2) The RSI is at 84.75 and trading in the overbought zone. with no major divergences found between the indicator and the market. 3) The STOCH is at the overbought zone with a positive crossover between %K and %D. Support & Resistance points : support Resistance 1) 35.90 1) 44.80 2) 30.01 2) 47.81 3) 27.00 3) 53.70 Fundamental point of view : LCID has an Altman-Z score of 10.68. This indicates that LCID is financially healthy and has little risk of bankruptcy at the moment and The Altman-Z score of LCID is much better than the industry average of 5.85. The company hosted an owners club meeting over the weekend where members took delivery of the vehicles. "This is a big day. We always said until we've handed cars to customers, we haven't achieved a damn thing," said Lucid's CEO Peter Rawlinson. New owners took the vehicles through the Lucid Owners Club inaugural rally to showcase the cars' performance capabilities. Last week, Lucid said it intends to follow the deliveries of the Air Dream edition with deliveries of its Lucid Air Grand Touring versions. This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
NASDAQ:LCIDLong
by GabiDahduh
Lucid Group LCID Elliot Wave Analysis Weekly ChartWelcome to a continuation of my Lucid Group analysis :) With the help of this analysis I would like to determine the price targets of a wave 3 with the help of the Elliot wave theory. As we can see in the weekly chart of Lucid Group, wave 1 is already formed: 0 = 02.11.2020 / 9.60 USD 1= 18.02.2021 / 64.86 USD. This was followed by wave 2 with an ABC correction: A = 02/18/2021 - 05/13/2021 / 17.29 USD B = 13.05.2021 - 01.07.2021 / 29.81 USD C = 01.07.2021 - 01.09.2021 / 16.11 USD Wave 2 Corrected 87.27% of wave 1 I determine the possible price targets of wave 3 with the following Fibonacci extensions: 100% / 71.37 USD (pink arrow) 161.8% / 105.52 USD (purple arrow) 261.8% / 160.78 USD (White arrow) 423.6% / 250.19 USD (Blue arrow) The height of wave 3 is ultimately dependent on the strength of the bull market. To put it briefly, the more buying power comes up the more impulsive the wave 3 will form, because Elliot waves are based on the behavior of market participants, at least in theory. If you take a look at the current Google Trends, you will see that the world is increasingly searched for Lucid Goup or Lucid Motors, and the search calls rise in parallel to the chart, this confirms my assumption that we are in an Elliot wave 3. After the wave 3 is over, the price goes into a correction phase, the Elliot wave 4. The corresponding correction wave 4 and its various price targets can be seen in the chart idea. The correction levels are drawn in the same color as those of the wave 3 (Click on the split symbol and select "Make mine" to scroll around in the idea) We will discuss wave 5 as soon as wave 3 and 4 are finished ;) Because the size of wave 5, depends on wave 3 and 4. Without these waves ( mainly wave 3 ) a projection would not make sense. Besides the Elliot waves, I am also inspired by another pattern for further rising prices, an ABC-D. Since ABC have formed so far, we have as a starting point the correction C of AB with 88.2%. This results in A-C = 0.882 As a target determination for D we draw a Fibonacci retracement from B to C, and determine the following Fibonacci levels 100% (Double Top) 64.86 USD 127.8% 78.12 USD 144% 86.31 USD 161.8% 94.98 USD At these points, counter-movements can occur, each measured from A or C to D, correcting to the following Fibonacci Levels: 23.6% 38.2% 61.8% 127.8% Taking into account the Elliot waves, I would consider the following Fibonacci levels as maximum correction from D: 61.8% 78.6% 88.6% For a complete analysis description please have a look at the superior Lucid Group analysis ;) You can find it here (click on the image ) If you liked this idea, I would appreciate a click on the Like button ;) If you have any questions, suggestions or a different opinion, don't be afraid to use the comment function. Thanks a lot Disclaimer: Please keep in mind that this is a pure analysis and only reflects what my eye shows me ;) This analysis is for informational purposes only and is scientific in nature. This analysis is not based on any fundamental data! This analysis is not an investment advice and should not be considered as a buy, sell or hold signal. Always do your own research before investing and seek the advice of a qualified person. I am not an investment advisor or similar and do not make any investment recommendation here.
NASDAQ:LCIDLong
by Highrisk221
6
Lucid Group looking to gain ground. LCIDA corrective triangle looking to enter its final leg sooner than later. Aggressive stance, as no pivot is confirmed. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
NASDAQ:LCIDLong
by Rykin_Capital
Lucid Motors - Ready to break out? Will it become the Apple Car?Lucid Motors - Ready to break out? Will it become the Apple Car? Or is this wishful thinking? Could Lucid want more available share in order for APPLE to become the controlling investor in LUCID. We know Apple wants to get into the EV industry. We know Tesla was not interested in selling to Apple. We know Lucid is interested in some sort of partnership with Apple. It seems logical for Apple to just purchase Lucid and have a head start on the whole car manufacturing process. This is just wishful thinking. This could never happen. Or could it? Edutainment Purposes Only.
NASDAQ:LCIDLong
by PortfolioBuildersClub
LCID - GAMMA Fail aheadSince Lucid introduced the Lucid Air... I've wanted one. That was 2016. I enquired then as to purchasing one. Nearly 6 years later... and Nada, Zero, Zip - From Slack to Spac. What a shame, something so promising is DOA. They will not meet their Goals for Delivery and continue to light CASH on fire. Years late and Billions short. The Degenerate Gamblers loaded the woodshed on CALLS. A high for Lucid is in range, we are SELLERS of Lucid as Objectives overhead are met. We believe LCID will trade to $10 or less. What a shame about Lucid... it was such a story, now it's a storied Company.
NASDAQ:LCIDShort
by HK_L61
9
LUCID MOTORS looks bullishAfter Lucid Motors had set a high top again in early July, it has since then started a decline (-13% in a month), a Head and Shoulder pattern has also developed in the months of June/July formed which has reached its price target and has even gone a little deeper. This decline fell nicely into a Descending Broadening Wedge. at the bottom, an upward triangle forms within that pattern, which may lead to an increase of 11 % in the near future. Should the Bulls fail to break through the resistance or fail to turn the resistance into a solid support, the bears could once again push the market towards $17. However, I would like to see the rise above $23.5 and not be rejected. in the event of a rejection, a further decrease would be possible. Small side drawing on the weekly chart is an M pattern / downward triangle, something not to worry about as there is little history, but to keep in mind. Keep calm, trade safe and manage your risk. (Disclaimer: This is not financial advice)
NASDAQ:LCID
by Tims.Technische.Analyse.
Lucid Group Long TradeBeen stalking this chart for 2 months waiting on my buy zone...and here it is! While a possible wick under our long-term support is possible my buy zone will still sit at $21.00. Our lines of support and resistance have been respected 100% of the time so far within this pattern, so I like the odds for this trade. In the event of a breakdown of this pattern, I will hold and wait for a recovery to the newly formed resistance at roughly $21.00. I expect both bullish and bearish scenarios to resolve between 1-2 weeks. This is not trading advice
NASDAQ:LCIDLong
by CryptoSomm
CCIV clear to go up. 27 resistanceFriday I was closely watching CCIV hopefully break the down trend line from July 1. Finally it cleared it with alot of bouncing near the low 22s and with volume to follow through. The time to jump in was Friday morning when it sold hard. This week I see it going up around 27 but will hit a hard resistance before finally breaking down. I see this going down to low 20 and high 19s before going back up. I recommend not chasing this and wait for the pullback because SPY, QQQ, and Nasdaq are topping out particularly some big names. I also see sellers piling in as big tech release their earnings even if the numbers were good e.g. the late April/ early May small correction. Good luck this week!
C
by CTRLZEEE