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LCID trade ideas

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.)
NASDAQ:LCIDLong
by AwesomeAvani
1
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.
NASDAQ:LCIDLong
by AwesomeAvani
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.
NASDAQ:LCIDLong
by AwesomeAvani
3
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
NASDAQ:LCIDShort
by AwesomeAvani
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.
NASDAQ:LCIDLong
by AwesomeAvani
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.
NASDAQ:LCIDShort
by signalmastermind
Lucid Motors Surpasses Q1 Delivery EstimatesLucid Motors ( NASDAQ:LCID ) has exceeded market expectations for first-quarter deliveries, showcasing resilience in the face of challenging conditions in the electric vehicle (EV) market. The luxury EV maker reported delivering 1,967 vehicles, surpassing analysts' estimates of 1,745, despite headwinds in the industry. One key factor driving Lucid's performance has been the strategic implementation of price cuts on its flagship Air sedans, ranging from 1% to 10%. This move has effectively stimulated demand, contributing to the company's delivery success. However, the broader EV market in the U.S. has been grappling with slowing demand, attributed to factors such as high-interest rates and relatively elevated ownership costs. Despite this, Lucid has managed to navigate these challenges and maintain delivery resilience. The quarterly decline in deliveries reported by EV giant Tesla ( NASDAQ:TSLA ) earlier this month underscores the significance of Lucid's ( NASDAQ:LCID ) achievement. Lucid's ( NASDAQ:LCID ) plans to introduce a mid-size car in late 2026 aimed at a $50,000 price point signal a strategic move to broaden its customer base and compete directly with Tesla's Model Y electric vehicle. Furthermore, Lucid's recent capital injection of $1 billion from Ayar Third Investment Company, an affiliate of Saudi Arabia's Public Investment Fund, provides the company with a significant financial advantage. This influx of funds positions Lucid favorably compared to other cash-strapped EV startups grappling with production ramp-up challenges. Amid these developments, Lucid's ( NASDAQ:LCID ) delivery performance mirrors that of its sector peer Rivian Automotive (RIVN.O), which also exceeded quarterly delivery estimates. Both companies showcase resilience and innovation in navigating the evolving landscape of the EV market. As Lucid Motors ( NASDAQ:LCID ) continues to navigate challenges and capitalize on opportunities, its strategic initiatives and delivery success position it as a noteworthy player in the competitive EV industry. Technical Outlook Lucid ( NASDAQ:LCID ) stock is up 3% with a Relative Strength Index (RSI) of 42.78 indicating a gradual bullish Trend in the medium to long term prior to the 1st Quarter Delivery Estimates.
NASDAQ:LCIDLong
by DEXWireNews
1
Lucid Set to Raise $1 Billion From Saudi's PIF AffiliateLucid ( NASDAQ:LCID ), the luxury electric carmaker, has announced that it is raising $1 billion in capital from Ayar Third Investment Company, an affiliate of Saudi Arabia's Public Investment Fund (PIF). The investment by the sovereign wealth fund has sent Lucid's shares up by nearly 20%, highlighting the advantages the company has in the race for survival amongst several struggling EV startups. The Saudi government has a 60% stake in Lucid ( NASDAQ:LCID ) and has invested billions in the company as part of its strategy to diversify Saudi Arabia's economy beyond oil. Ayar Third Investment Company will purchase $1 billion in convertible preferred stock and will have the option to convert the stock into approximately 280 million shares. Lucid ( NASDAQ:LCID ), which is based in California, has been dealing with weaker-than-expected demand and a price war sparked by Tesla. The company, which is led by a former Tesla executive, anticipates producing 9,000 units in 2024, compared to the 8,428 vehicles it created last year. Lucid's Air luxury sedans are competitive with Tesla's Model S, along with luxury EVs from Mercedes-Benz, BMW, Audi and Porsche, among other brands. Lucid intends to use the proceeds for corporate purposes and capital expenditure, among other things. In its fourth-quarter financial presentation last month, Lucid ( NASDAQ:LCID ) reported having sufficient liquidity "at least until 2025" and estimated $1.5 billion in capital spending in 2024 as it focuses on launching its Gravity SUV line later this year. The company had $4.8 billion in available funds at the end of 2023, including $4.3 billion in cash.
NASDAQ:LCIDLong
by DEXWireNews
2
LCID in a Bullish Harmonic PatternLCID in a Bullish Harmonic Pattern The price completed a bullish harmonic pattern at 2.68 We have seen LCID in a downtrend for a long time. The pattern created at this moment is indicating for further growth during the coming days. If the price doesn't move below 2.50 the chances will get higher to reach our targets. You may find more details on 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❤️
NASDAQ:LCIDLong
by KlejdiCuni
5
LUCID Stock Chart Fibonacci Analysis 022624Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 2.9/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : A A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
NASDAQ:LCID
by fibonacci6180
Lucid Motors Faces Turbulence as Demand SlumpsLucid Motors ( NASDAQ:LCID ), backed by Saudi Arabia's investments, finds itself grappling with challenges as it slashes prices amid a slowdown in demand. The company's recent revenue report has raised eyebrows, indicating a bumpy road ahead. Amidst the swirling currents of the electric vehicle market, Lucid Motors ( NASDAQ:LCID ) stands as a beacon of ambition and innovation. However, recent developments suggest that even the most promising ventures can face turbulent waters. The Saudi Arabia-backed company, known for its cutting-edge Air sedans, has been forced to make tough decisions as demand softens and revenue falls short of expectations. Last week, Lucid Motors ( NASDAQ:LCID ) made headlines as it announced a significant price reduction for its Air sedans. This move was a strategic response to dwindling demand in an industry experiencing a noticeable slowdown. Despite initial excitement surrounding Lucid's ( NASDAQ:LCID ) sleek and high-performance vehicles, consumers seem to be hesitating amidst concerns over cost and market saturation. The decision to slash prices underscores the delicate balance Lucid Motors ( NASDAQ:LCID ) must strike between maintaining profitability and stimulating demand. In an increasingly competitive landscape, where legacy automakers and new startups alike vie for market share, pricing strategies can make or break a company's prospects. For Lucid ( NASDAQ:LCID ), the challenge lies in navigating this terrain while staying true to its vision of delivering premium electric vehicles that redefine the driving experience. However, pricing adjustments are just one piece of the puzzle. Lucid Motors ( NASDAQ:LCID ) recently released its fourth-quarter revenue report, and the numbers paint a sobering picture. Revenue came in at $157.2 million, falling short of analysts' expectations, which averaged $179.9 million according to LSEG data. This revenue miss underscores the broader challenges facing the company as it grapples with a slowdown in deliveries and consumer reluctance to commit amidst high costs. The discrepancy between projected and actual revenue highlights the unpredictable nature of the electric vehicle market. While Lucid Motors has made significant strides in technology and design, translating these advancements into sustained profitability remains a formidable task. The company's ability to ramp up production, streamline operations, and capture market share will be crucial in determining its long-term success. Despite these challenges, there are reasons for cautious optimism. Lucid Motors ( NASDAQ:LCID ) boasts a talented team of engineers and designers, a state-of-the-art manufacturing facility, and a strong financial backing from Saudi Arabia's sovereign wealth fund. Additionally, the company's recent entry into the public markets via a SPAC merger has provided it with the necessary capital to fuel its growth ambitions. Looking ahead, Lucid Motors ( NASDAQ:LCID ) must focus on executing its strategic vision while remaining agile in response to market dynamics. This will require a delicate balance of innovation, cost management, and customer engagement. As the electric vehicle market continues to evolve, Lucid Motors ( NASDAQ:LCID ) has the potential to emerge as a leading player. However, the road ahead is fraught with challenges, and success will ultimately hinge on its ability to navigate the currents of change with skill and determination.
NASDAQ:LCID
by DEXWireNews
LCID - Looks Bearish Ahead Of EarningsIs looking bearish in the short term here ahead of Earnings. Notice we had a bearish upper wicked candle (first arrow) to complete the bearish ascending wedge and it recovered to print another wave up that has seen heavy sell pressure with a long wicked Shooting Star (arrow) and now a bearish momentum shakeout (arrow). So the current chart pattern for this area is bearish overall and it could go quite a bit lower from here. However LCID is deep here and it has already hit our long term 2.272 target (client only). So its not out of the question that LCID could have a positive earnings and see an huge gap up as we have seen with other stocks. Earnings can be quite a lottery and there can be wild moves at trend extremities. Equally we could see a large bearish move through earnings and there is a risk that it could be the start of the next wave down to lower fibs. This one looks very dicey here so I have taken small profit and 100% exited. As I keep saying; there is so much on the menu currently that there is no need to take unnecessary risk. If earning is bullish then i've lost nothing and best of luck to LCID buyers. But if its bearish then will will have evaded loss and may even get a deeper buy down the road. This looks dangerous - we'll see 🤨.
NASDAQ:LCIDShort
by dRends35