LCIDMID-TERM: Wedge/Support/Three White Soldiers. (not financial advice)
shoutout @cheddafreeze for spotting this chart at much lower prices, already hitting her own targets.
LCID trade ideas
$LCID PIF Comes To The Rescue AgainPlagued with production issues and declining demand, Lucid Group, Inc. (NASDAQ: LCID) is attempting to turn around its business to compete in the EV space with the assistance of its majority shareholder – the PIF. With the stock trading at an all-time low, the PIF might have helped boost the LCID stock price as it could be the reason for LCID’s recent deal with Aston Martin (LSE: ALM) – another PIF investment. This deal comes at the same time as the closing of the company’s $1.8 billion private placement with the PIF that might have caused LCID to rebound from its sharp fall. As this deal is further proof of the PIF’s commitment to fully back the company, LCID stock could be poised to soar this week and rebound near its pre-offering levels.
LCID Fundamentals
Throughout the LCID production saga, the PIF has been by LCID’s side constantly aiding in its development by providing deals, Middle Eastern access, and funds. That said, the most recent example of this could be the recent LCID and Aston Martin partnership. The PIF’s position as Aston Martin’s second-largest shareholder and LCID’s majority shareholder might have allowed it to broker such a deal between both companies.
According to this partnership, LCID will gain a 3.7% stake in Aston Martin in addition to $450 million in phased cash payments. In exchange, LCID will provide Aston Martin with access to LCID’s leading electric powertrain technology to power Aston Martin’s battery electric vehicles, as well as technical support from LCID in integrating its technology into Aston Martin’s new EV platform and the supply of LCID components.
In this way, LCID gains a significant asset with the ownership stake in Aston Martin and a new revenue stream from the contracts it will receive from Aston Martin. At the same time, Aston Martin will be one step closer to producing its first EV in 2025. Based on this, the PIF proves once again its commitment to LCID which might make the sharp dip on the latest offering an overreaction by investors. Having said that, this deal has another striking feature that could cause the stock to soar. Its timing.
The $1.8 billion private placement LCID announced with the PIF is expected to close on June 26 which could have seen the stock witness a post-offering pump given that LCID is trading at an all-time low. By announcing this deal, LCID stock is poised to regain investors’ attention which could allow the stock to start rebounding to its pre-offering levels with the expected buying pressure. In light of this, adding LCID at its all-time low could prove to be profitable for investors.
Technical Analysis
LCID stock is in a neutral trend and is trading in a sideways channel between $5.46 and $6.13. Looking at the indicators, LCID is trading below the 200, 50, and 21 MAs which are bearish indications. Meanwhile, the RSI is oversold at 22 and the MACD is approaching a bullish crossover. With this in mind, there is a gap near $7.66 that could be filled soon as the stock recovers from its sharp drop.
As for the fundamentals, LCID’s deal with Aston Martin – which the PIF is likely to have facilitated – is a major catalyst since it provides LCID with a significant asset in its stake in Aston Martin and the phased cash for LCID’s battery technology. Moreover, LCID’s $1.8 billion private placement with the PIF is expected to close on June 26 which could see the stock witness a post-offering pump.
Given the timing of the Aston Martin deal and the PIF’s constant backing of the company, LCID stock might be poised to soar this week and start recovering from its dip. For these reasons, the current PPS could prove to be a profitable entry for long-term investors – especially with LCID trading at an all-time low.
LCID Forecast
With LCID trading at an all-time low, the stock appears to be poised for a major run this week following the PIF’s latest help. Through the company’s deal with Aston Martin, LCID is adding another asset with its Aston Martin stake and a new revenue stream from the $450 million in contracts. Given that this significant deal coincides with the closing of the $1.8 billion private placement with the PIF, LCID stock appears to be set to rebound near pre-offering levels this week.
LCID - Lucid Group Inc.LCID has a fall of more than 70% compared to ATH for the last 12 months. Compared to the minimum of the last 12 months, it is only a little over +6%. The volumes are over 10 million. If it does not break the support, I see it with great growth potential.
$LCID - Bulls driving EVs now?LCID looks heavily oversold and the options open interest delta is saying so too. I live in a big city and for the past weeks have been seeing their vehicles around. I remember in may 2022 I started seeing RIVN trucks around and the stock had a small push from $19 - $40. Think a bull can actually drive?
lucid going bullishhow can lucid go bullish? lucid just got bought by Saudis. lucid will be making luxury vehicles a bullish trend can occur with oil money buying in the mix on top of that lucid bottom out, but there can be a slight drop in prices for cheapest deal but thats the game buy buy and rebuy lucid bullish
LUCID - Am I Dreaming?LUCID - likely has the best battery operated cars on the planet. So how does that influence price? Well, to date it hasn't as all eyes are on production and scaling up so the rest of the world can see these beauties. But if one observes the charts closely there is some driving forces that could catapult price into the clouds. The candles on a 5-day timeframe are shown for reference along with the potential paths, of note is the last time the BBs were this horizontal there was a fairly decent move to the upside, yellow path... It is hard to get a clean Elliot Wave count as this has seen fresh lows since its IPO, but if the low is in or near, then the white path should unfold... techs are improving on this without much gyration down, IMO this suggest some strong move up could eventually occur. Approach with risk management in mind and any sudden moves down can be mitigated to a degree. GLTA!
Lucid, PGA, and Saudi ArabiaLike many here, I read a lot about the PGA Tour merger with LIV. There was a lot of controversy around that. In general, it's interesting to see how easily Saudi Arabia turned a huge investment in a handful of golfers into a minority stake in the the entire PGA Tour. Will they try the NBA next?! Or NFL!? It's worth thinking about. But also, this is TradingView, so I wanted to look at one of their largest investments: LUCID MOTORS.
At the moment, Saudi Arabia's Public Investment Fund (PIF) owns 60% of Lucid Motors, which also happens to be one of the up and coming electric vehicle companies. They are taking a more luxury route, trying to be THE premium brand in the EV space, costing 2x or 3x as much as a Tesla.
Nonetheless, while I currently think this investment is underwater, I do wonder about how much money the PIF and Saudi Arabia have to invest in this. Will they make it work? If they throw enough money at it can it survive?
The dilution does not look great.
The losses do not look great.
But if, and only if, Lucid can start delivering cars and actually hit a marketing campaign, if the product starts to stick, then maybe this has potential.
There are A LOT of ifs here. I have no position. But I am watching now. It's on my watchlist.
I also need to drive one... Testing it out would be the best next step. If you've ever driven a Lucid let me know.
$LCID An Underrated EV PlayerPlagued with production issues and declining demand, Lucid Group, Inc. (NASDAQ: LCID) is attempting to turn around its business to compete in the EV space. In order to scale up production, LCID recently announced a $3 billion offering that would significantly dilute current shareholders. In light of this, LCID stock dropped by as much as 21% on the news. However, this sell-off may be an overreaction since the PIF is participating in the offering to maintain its stake in the EV startup. Given the PIF’s strong backing of the company, LCID stock may be a profitable buy at its current dip.
LCID Fundamentals
Production is the root of all of LCID’s problems with the company cutting its production guidance twice in 2022 and once in 2023 so far. As a result, LCID is unable to fulfill its reservations and the reservation waiting period is extremely long. In this way, demand for LCID’s vehicles is declining as consumers are heading to other EV manufacturers that have less waiting period for deliveries.
Capital Raise
Looking to improve its production capabilities, LCID recently announced a $3 billion offering where 173.5 million shares will be sold in a public offering for $1.2 billion, and 256.6 million shares will be sold to the company’s majority shareholder the PIF for $1.8 billion. Although this dilution will significantly dilute current shareholders, it might be beneficial for LCID’s long-term prospects since it would help the company ramp up production to meet demand for its vehicles.
PIF Backing
At the same time, this capital raise further shows the PIF’s commitment to helping LCID grow since it is not the first time the PIF provided help to the EV startup. In late 2022, the PIF contributed $915 million in a $1.5 billion capital raise to boost LCID’s cash balance. Moreover, the PIF provided LCID with a 100 thousand purchase order from the Saudi government in addition to facilitating a new facility in Saudi Arabia that would increase production by 150 thousand vehicles.
Through this recent $3 billion offering, LCID would boost its already solid cash balance of $900 million along with $2 billion in short-term investments according to its latest Q1 report. Since these funds would be integral for LCID to scale its production, the sell-off on the offering announcement may be an overreaction by the market – potentially making this current dip an opportunity to add LCID stock.
Another TSLA Story?
It is worth noting that all EV startups have to dilute at some point to raise the capital required to scale up production. One of the most notable examples of an EV startup diluting is the EV giant Tesla, Inc. (NASDAQ: TSLA) which has diluted 13 times to reach its current position as an industry leader. When TSLA went public in 2010, the company had 110 million shares outstanding – a number which increased significantly to 3.1 billion currently.
During TSLA’s long journey, TSLA stock plunged several times on dilution news, yet holding TSLA stock at the time has proven to be a profitable decision as TSLA is now the largest EV manufacturer in the world. LCID could be in a similar position currently since its main issue is production, and since this problem could be solved with the recent offering, LCID stock could be a bargain at the current PPS for long-term investors.
Technical Analysis
LCID stock’s trend is neutral with the stock trading in a sideways channel between $6.92 and $8.31, however, the stock broke the channel following the news of the $3 billion capital raise. Looking at the indicators, LCID is trading below the 200, 50, and 21 MAs which are bearish indications. However, the RSI is approaching oversold at 34 and the MACD is approaching a bullish crossover which might signal a run in the near term. On that note, there is a gap near $7.6 which could be filled soon.
As for the fundamentals, LCID dropped 21% on the news of its $3 billion capital raise due to the dilution that would happen to current shareholders. However, it is worth noting that the PIF is participating in the offering which might indicate that the sell-off could be an overreaction given the PIF’s confidence in the company’s prospects. In light of this, LCID could be poised to rebound soon which might make the current dip an attractive entry point.
LCID Forecast
Although LCID stock dropped 21% after announcing its $3 billion capital raise, the current dip could be an opportunity to go long on LCID stock considering the PIF’s participation in the offering. Since this dilution would contribute to solving the company’s core issue which is production, LCID can focus on reaching profitability if it is able to successfully increase production. While dilution could be negative for shareholders in the short term, LCID’s prospects might improve significantly with the influx of cash it is set to receive.
LCID: Make it or break itI really like this for a potential long. A sweep under $6.09 on the weekly chart could send us to $17+ in the upcoming months/weeks.
Lucid - Weekly frame (Long)Lucid - Weekly frame (Long)
Including RSI, AO, MA130 & 20 FRAMES & ADDED FUTURE EXPECTED FRAMES FOR TWO YEARS
LCID to 9$Lucid Group, Inc. a technology and automotive company, develops electric vehicle (EV) technologies.
LCIDI'm not a professional technical analyst but I just want to share my thoughts NASDAQ:LCID on Daily Chart aside from the Financial actions that may happen in future
ABC/DThis is not to entry long level.
Risky with short interest just over 20%.
Possible stop under C. Target is D.
No recommendation
03/08/2023 LCID - long Hello trader,
LCID presents a favorable technical setup for initiating a long position in the stock, as it is displaying a triple bottom/consolidation pattern following a significant increase in February.
Additionally, the stop loss (SL) is positioned just below the demand zone.
Expecting a parabolic pattern from here.
LCID Lucid Cup and Handle Short then LongFSR has formed the cup of the cup and handle pattern and is now starting the
downturn formation of the handle. Price action should continue down to the 50%
retracement of the uptrend of the cup. It should then reverse and trend upward
to twice the height of the cup/ AO /MACD / RSI confirm the downtrend.
I will target this with the $8.50 strike put options expiring 3/10 and then upon
hitting the full retracement close than position and open $9.50 call options
expiring 3/17. Overall, expecting 200-300% realized profit on the trades.
Not at all a surprise but FSR / Fisker has the same pattern and so a similar
idea.
car marketso lucid is a stalon of the CAr Market with citizenship of WHO THE HELL KNOWS what: modena design for sleek, asian electical equipment to move the wheels, american heart with trading location at nasdaq, russian dupe lollicon appearance of the whole vehicle design.
cars are on fire but opinions differ, razee, coal and bitter.
not your ordinary CHEVY yet already and not your ordinary chrysler yet already.
car worth buying, but the main is tricky as hell.
so this is Lucid...
SOME UPSIDE FOR LCID?We see LCID break out of its descending trend, trapping long positions, only to return to not just our liquidity level of 8.21 BUT also to test our weekly high-term timeframe.
with our gap formed from Feb 22, we can deduce that there is a 9/10 chance Price will return to fill the gap.
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Double BTTM LCID looks to be making a DB and trying to breakout. Aggressive entries should be in by now, conservative entries will wait for the B/O then retest.
BOOM! Lucid!They always say the ones formed over a minimum of multiple months time frame are the most reliable. This would be so cool and I think everyone knows their is a realistic possibility considering the disruptive tech of the Lucid Vehicle in an EV emerging era
