LCIDan upward trend in the prices of an industry's stocks or the overall rise in broad market indices, characterized by high investor confidence
LCID trade ideas
Lucid Motors' shares surge 37% following major investmentLucid Motors has seen a remarkable 37% increase in stock value following a significant 1.5 billion USD investment from the Saudi Arabian Public Investment Fund, a principal shareholder. This influx of capital is pivotal as it supports the launch and development of Lucid's new electric vehicle, the Lucid Gravity. The investment enhances Lucid Motors' financial stability and liquidity, which are crucial for the continued innovation and production of their next model and building on the success of Lucid Air.
Lucid Gravity targets the burgeoning market for electric SUVs, combining premium quality with an electric powertrain – a rapidly growing consumer preference. With this strategic financial backing, Lucid is well-positioned to capture a significant market share in this segment.
Technical analysis of Lucid Group Inc (NASDAQ: LCID)
Analysing the potential trading opportunities based on the technical indicators of Lucid's stock:
Timeframe : Daily (D1)
Current trend : The stock has shown a strong upward movement, breaking past the resistance at 3.60 USD, which now serves as a new support level
Short-term target : The immediate upside target lies at the resistance level of 4.25 USD
Medium-term target : Should the stock surpass the 4.25 USD resistance, the next significant target could be at 5.00 USD
Key support level : 2.90 USD, which the stock recently rebounded from significantly
Growth scenario cancellation : If the stock breaks below the key support at 2.90 USD, it could negate the bullish scenario and potentially lead to a decline toward 2.50 USD
Given that Lucid's shares have previously reached as high as 60 USD in 2021, the current price levels suggest a substantial growth potential if the company can capitalise on its recent investments and market trends favourably. The recent rebound from the 2.90 USD support could begin a long-term uptrend for Lucid Group shares, especially as the company continues expanding its electric vehicle offerings.
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Lucid Motor VehiclesUS companies operating in the same motor vehicles industry
The list below has US companies that operate under the same industry, motor vehicles. The list helps track their performance, income statement, and more. Sorted by any necessary metric, it can show the most expensive stocks of the industry such as Ferrari N.V. or those with the best price dynamics like ZEEKR Intelligent Technology Holding Limited, thus assisting in designing strategies of any focus.
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Lucid Motors Price action Expectation - OpinionHere is my price action expectation and predictions for Lucid Gravity Launch.
Please note: This is just my personal opinion and not a financial advise.
I do not recommend buying or selling based on this chart. Please perform due diligence when buying or selling the stocks.
LCIDBUY take profit dtails in pictur
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PIP VALUE IN CANADIAN DOLLARS (CAD) FOR FOREX x/7uHMm4Vr/
For the forex accounts with CAD balance, will help you to calculate the value of pips in different lot types. An important thing to understand before you place the trade.
7/23 - LCID possible long idea Hi traders,
I noticed a falling wedge pattern on the LCID chart today. Wait for the stock to reach the $3.20 area and monitor its movement. There is strong support at the $3.30-$3.20 level, so I expect it will bounce back. If not, we can sell if it falls below $3.10. This setup provides a good risk-reward ratio.
LCID CHART INTO EARNINGS TRENDS AND TARGETSIF it's bullish, here are your upper price targets.
Sharp trends leading down into a STRONG area of support.
All of which is timing out into earnings.
I would say, if the stock is in the buy zone pre earnings, it's probably a pretty solid buy where a chance of a successful trade suddenly shifts heavily in your favor.
I tried to label everything best I could on the chart.
Be careful, as I think whatever bullish move is coming, will retrace.
Sell trend is likely your exit.
Risk increases as price targets increase.
Good luck!!
LCID Anchored VWAP based swing trade LONGLCID on the 15 minute chart is shown with two sets of anchored VWAP lines overlaid being set
at the pivot low of April 22 and the pivot high of May 6th. LCID completed a trend down today
which began on May 6th. Price has reversed and is breaking up through VWAP band lines on the
chart. The faster green RSI line has crossed over the 50 level in the past trading session. Price
is now about to cross over the longer mean black VWAP line. I am taking a long trade here
targeting 2.88 for 25% of the position, 3.10 for 50% of the position and the reminder for a
runner position to extend for the uppermost band lines. The first two targets are based on the
intermediate VWAP lines as well as the upper and lower boundaries of a standard Fibonacci
retracement. The stop loss will be raised incrementally from its initial setting of
2.74 at the top on the EMA cloud. As the trend down took a few weeks. I am expecting a 2-3
week long trade following a projected trend up.
LCID: A Risky and Clear Bullish OpportunityLCID: A Risky and Clear Bullish Opportunity
LCID broke out from a clear bullish pattern and is showing the possibility for a bullish
move during the coming weeks.
Despite what LCID is showing we can clearly see that it is in well-defined downtrend
and it is very risky as well.
A safer way to trade LCID now and take a limited risk is only with Call Options
my opinion. It has a moderated and limited risk compared to stock trading.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Lucid Groub (LCID)Lucid Group witnessed a strong rebound after the violation of the simple moving average 100-day, to close below the major resistance 3.35, which is the level that needs to be violated, to confirm the current positivity, which will push LCID to test further rises near 3.62 - 3.92 - 4.09 - 4.49 - 4.85 - 5.31 on the short term.
The stop-loss lies below 2.94$.
the indicators are heading toward the positive side, which confirms the mentioned positive scenario.
The information and publications are not intended to be or constitute any financial, investment, commercial, or other types of advice or recommendations provided.
LCID Looking BullishI don't do much with fundamentals but technical analysis tells you this could squeeze.
Watching for break of prior month high at $3. If it does that with volume I think $3.50-$3.60 is within reach for a relatively quick move.
Long over the hammer. Finally breaking out of downtrend started in Nov 2021. If it's going to work, you don't need LOD as stop, I think LOB works just fine. Hopefully its a gap and go kind of start. The Hang seng just rallied huge on a similar setup.
LCID has another falling wedge breakout LONGLCID is making its move while Fisker got halted and will be delisted. LCID has a rich uncle, a
Saudi billionaire running the national wealth fund there. Fisker lost its suitor in Nissan and tried
to raise cash by selling cars under cost. I would be afraid to buy a car from a company about
to head into bankruptcy. Anyway, time to buy LCID for now, it has a vaccine against the
contagion. I happen to be very fond of falling wedges especially when they repeat. My skills
in Elliott Wave analysis are nil but this is one to analysis. In the meanwhile, it's a buy ( no
I am not a fan of Jim Cramer.)
LCID's vwap bounced after pullback LONGLCID trended up 40% from late June and then over 2-3 days completed a standard
Fib 0.5 retracement before bouncing off a longterm anchored mean VWAP and
reversing. The reversal is supported by the two time frame RSI indicator showing
the lower TF RSI crossing above the higher TF RSI and both of them approaching
the 50 level. The zero lag MACD shows the lines crossed under the histogram and
are now approaching the horizontal zero line. The relative rigor indicator shows
a line cross while the values were negative and now approach to the horizontal
zero line in parallel. Overall I conclude that LCID is set up for a long entry.
LCID rises from falling wedge on news from its rich uncleLCID got news that its rich uncle the Saudi Arabia Wealth Fund will be assisting in the
manufacturing of large body parts moving forward (perhaps on the methodology of TSLA
to just massive molds to efficiently do so and at a far lower cost). Shares pumped today on the
news. Is it sustainable? Is there still time to buy a piece of the move?
On the 120-minute chart, LCID was in a falling wedge or narrowing regression channel and
broke out also on a day when other EV stocks made good moves. The MACD indicator as
well as the dual TF RSI indicator in confirmation both show bullish momentum. The algo echo
indicator ( by LuxAlgo) which looks back in time to find matching price action patterns and
then predicts the near future move, shows a predicted move to 4.05. This is confluent with the
POC line of the volume profile anchored back to November. From November 14 to December 6,
price was range bound in consolidation around the 4.05 level. My call options for 2/16 @ $3.5
did 140% today unrealized. I will add $4.00 for 2/9 expiration and watch for the anticipated
and predicted continuation.
LCID Long Trade Setup VWAP and Falling Wedge BreakoutsLCID on a 30 minute chart showed a falling wedge from mid-December to late January then with
breakout which took it 30% in one and a half days. This was a previous idea. I believe the news
catalyst from Saudi Arabia prompted a burst of trader interest. The following day, the price
began another falling wedge pattern for one week. It then broke out for a 10 % move in a short
time interval.
The chart also demonstrates the bigger moves are centered around VWAP band lines where
trading volume and volatility are the greatest. The relative volume and volatility indicators
help emphasize this point.
At this point, LCID may be turning down into another albeit smaller and lower-duration
falling wedge and is well positioned for a brief short trade. The target would be the
mean anchored VWAP at 3.25. For a better entry selection, a zoom into 3-10 minutes would
be helpful
LCID falling down on weak revenue LONGLCID is in a falling wedge pattern again on the 30 minute chart. Eventually it will break out over
the pattern. It has been in a simlar pattern in the recent past. This is now basically a tall bear
flag in its consolidation portion. While price could go even lower, reversion to the mean says
that it will retrace. The Fib tool suggests 3.35 over an intermediate term. LCID has a rich
uncle in Saudi Arabia and its wealth fund. Most certainly, they will accumulate heavily at this
price level. Shorts will buy to cover once there is a saturation of buying and price action
follows in keeping with Wychoff's theory. The mass index has signaled a reversal. I will dip buy
this like the SA traders and add to the position once some bullish momentum is seen.
LCID Do you guys see what I see the downtrend has been broken on a daily candle this is very nice to make more dollars .
Lucid Motors' Q1 2024 performance and strategic outlookLucid Motors' Q1 2024 earnings report showed promising revenue growth, surpassing analyst expectations with $172.7 million in revenue and 1,967 vehicle deliveries. However, the company faced a larger-than-expected net loss of $680 million, impacting stock prices due to concerns about profitability.
Despite this, Lucid maintains a strong liquidity position with $4.62 billion in cash and ongoing production plans for its Gravity SUV, set for launch in late 2024. Strategic funding, including a $1 billion investment from Ayar Third Investment Company, supports Lucid's growth initiatives.
Investor considerations include the need for profitability, especially with significant capital expenditure on the Gravity SUV production. Recent leadership transitions, like the departure of Mike Bell, introduce additional uncertainties.
Looking ahead, Lucid is optimistic about the Gravity SUV's potential to drive sales and achieve economies of scale. However, its ability to demonstrate consistent profitability, manage margins amid recent price cuts, and address leadership changes will determine its long-term viability in the competitive EV market.
