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LUCID GROUP INC

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LCID trade ideas

Lucid, LCID Continuation Since my previous Lucid Chart it has been moving as expected and has broken above the last price target set. Now if LCID can break and hold above $8.14 the new target is $9.88 to fill the February Gap Down and will be an additional 21% Gain. Since June 28, Lucid has now established that it is trading above the 7 day EMA for 8 sessions now and that will in turn act as support. Lucid is also currentlyt trading within a Very Longterm Bear Channel with lots of potential to swing within the channel. The RSI and the MFI are both also confirmiung that the current upward trend should continue.
NASDAQ:LCIDLong
by grahammk
2
$LCID An Underrated EV PlayerAfter disappointing Q2 production and delivery numbers, Lucid Group, Inc. (NASDAQ: LCID) stock dropped 12% – ending the stock’s impressive 22% run on the news of its new deal with Aston Martin (LSE: ALM) for the latter to use some of LCID’s technology. Despite announcing underwhelming numbers, the drop in the LCID stock price could be an overreaction as the company’s fortunes could improve significantly when its Saudi Arabia plant starts delivering vehicles next September. Given the significance of this catalyst, the current dip could be an opportunity to go long on the stock ahead of this upcoming catalyst. LCID Fundamentals LCID’s Production & Deliveries LCID announced that it produced 2,173 vehicles, a decline of 6% sequentially, which means LCID has produced 4,487 vehicles so far in 2023. While the production number may seem low, it is still in line with LCID’s forecast of 10,000 in 2023. That said, LCID has missed on its target to increase its deliveries sequentially since it delivered 1,404 vehicles down from the 1,406 it delivered in Q1. The Saudi Arabia Plant Nevertheless, the underwhelming performance regarding production and deliveries may end soon since the first vehicle assembled in the Saudi Arabia plant is expected to roll out in September 2023. The new assembly line has the potential to improve LCID’s production and deliveries for the rest of the year and the coming years which in turn will increase its revenues and improve its fortunes substantially. Furthermore, the plant will start full production in 2025 according to LCID, and is expected to produce 155,000 vehicles annually and export more than 130,000 vehicles to countries in the Middle East region. With this, LCID will be one of the first EV manufacturers to enter the Middle Eastern EV market which is expected to reach $7.65 billion by 2026 according to a report by Mordor Intelligence, allowing it to build brand loyalty and set regional industry standards. Technical Analysis After it successfully tested the $7.11 support, LCID stock entered a neutral trend with the stock trading in a sideways channel between $7.11 and $7.98. Looking at the indicators, the stock is trading below the 50, and 21 MAs which is a bearish indication although it remains above the 200 MA which is a bullish indication. Meanwhile, the RSI is neutral at 37 and the MACD is approaching a bullish crossover. As for the fundamentals, LCID stock has witnessed a catalyst after the announcement of its Q2 production and deliveries update. LCID’s Q2 earnings on August 7 and the start of the assembly process in the Saudi Arabia plant will be future catalysts for LCID stock. With the stock trading near support, investors could find the current PPS a good entry point ahead of deliveries starting from the Saudi plant. LCID Forecast While LCID had disappointing Q2 production and deliveries, it is still on track to achieve its guidance for the year, especially since the Saudi plant will start the assembly process in September which will increase LCID’s production and deliveries. Furthermore, LCID has started using its vehicle powertrain and battery systems technology to make more revenue with the new deal with Aston Martin. With the backing of the PIF, LCID can dominate the Middle Eastern market which makes LCID stock one worth keeping an eye on.
NASDAQ:LCID
by Penny_Stocks_Today
A breakdown in Lucid very likely after 2023 Q2 Earnings Lucid's technical analysis suggests that the stock has been trading in a rangebound fashion between $7 to $8 for a considerable period of time. It did briefly reach $8, but it has consistently returned to the $7 level, indicating a support level at $7. However, recent lower delivery production numbers have resulted in high trading volume, causing the stock to decline below $7. This points out a potential breakout from the established range, with the next significant support level expected around $6. The upcoming earnings release on August 7th may be a catalyst for the stock to reach the $6 range. If the support at $6 fails to hold, it could trigger a significant decline. The Relative Strength Index (RSI) 2 is currently in the positive territory, suggesting an overbought condition that needs to cool down. Considering all these indicators, there is a possibility that Lucid may break below the $6 level in the near future
NASDAQ:LCIDLong
by adtrade21
Could a short squeeze be coming on Lucid?If you want to be notified every time I post a new article, just click 'FOLLOW' above. Also, if you want to learn more about a particular topic or need some advice, please comment below the article and I'll be happy to help. Could a short squeeze be coming on Lucid? Lucid Group, Inc. (NASDAQ: LCID) is facing a major production problem. To improve the situation, they launched a $3 billion public offering, which however resulted in a significant 20% dilutive effect on the value of their shares. In the start-up phase, the capital increase is a necessary step to ensure the future success of the company. Now that it has enough funds to scale production, its production woes may end soon. In 2022, LCID fell short of expectations, building just 7,180 EVs for the year. By comparison, Polestar (PSNY) produced 21,000 in the final quarter of that year alone. This decrease in production has caused waiting times to make reservations to lengthen, resulting in a dramatic drop in customer demand. LCID plans to ramp up production at its plants in Arizona and Saudi Arabia. The first facility will have a capacity of up to 365,000 electric vehicles per year, while Saudi Arabia is expected to have 155,000 in 2025. To achieve this, however, plants need to have adequate financial support and capital, EV now has approximately $6 billion in liquidated funds, an unprecedented figure for an industry startup. I believe that with the available funds LCID is able to scale its production, meeting higher demand as lead times decrease. A big plus is also the backing of the PIF, Saudi Arabia's sovereign wealth fund, which is one of the largest in the world. By the end of 2022, the PIF has invested a whopping $915 million in LCID, and placed an order to supply 100,000 vehicles to the Saudi government. Current developments show that the PIF attaches great importance to LCID due to the development of its 'Saudi Vision 2030'. As a result, we can state that the PIF will provide continued support to LCID. Saudi Arabia's Vision 2030 plan aims to create an economy less dependent on fossil fuels. To achieve the goal, the country is pushing more people into the private sector and investing in the electric vehicle market. This can be a big boost in such plans. After several unsuccessful attempts to enter the traditional ICE market, Saudi Arabia is trying to carve out a major role in the electric vehicle sector. Lucid's new EV factory is expected to be completed by 2025-26, and under the local EV brand Ceer, it is expected to produce 500,000 vehicles annually starting in 2030. Saudi Arabia is ready to welcome Lucid's electric vehicles with open arms. They said they will purchase 100,000 vehicles from LCID over the next ten years for use by government employees. This move will help boost Lucid's image in the Middle East. I am confident that with production underway in the region, Lucid will soon be able to export to developed Gulf countries. The UAE appears to be poised for the adoption of EVs and could prove to be a market full of opportunities for Lucid in the future. In summary, the shares have recently priced in a capital raise with a drop in value making this a good time to buy them and have over 30% short interest. This means that in the event of favorable quarterly reports or positive news, the stock could explode thanks to a short squeeze with the stock easily reaching $16. Author's note: The information and content provided on this site should not be considered as an invitation to invest in the financial markets. The Content is a personal opinion of Dr. Antonio Ferlito.
NASDAQ:LCIDLong
by Antonio_Ferlito
Lucid BreakoutLucid seems good after breaking falling trendline resistance can touch 9.15 after this breakout as a potential target one, and if breach this target we can see the next levels mentioned on chart in coming sessions as target two, a gap is visible on provided chart also can be filled during this process after target 1. what are your views on it please share in comment box, thanks and best regards. KINDLY NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Regards-: Amit
NASDAQ:LCIDLong
by AMIT-RAJAN
5
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NASDAQ:LCIDEducation
by STP_MrNodeItAll
2
$LCID Wedge Setup - Potential Breakout Ahead! 📉📈Hello traders! 🌟📊 I want to bring your attention to an interesting technical pattern I've spotted on $LCID. It appears to be forming a wedge pattern, suggesting a potential breakout opportunity. Let's take a closer look at the details! 💡📉📈 🔍 Symbol: NASDAQ:LCID 📅 Timeframe: Weekly 📌 Wedge Formation: NASDAQ:LCID has been consolidating within a narrowing range, forming a wedge pattern. This pattern is characterized by converging trend lines, with the upper trend line sloping downward and the lower trend line sloping upward. The tightening price action indicates diminishing volatility, typically preceding a significant breakout move. 📈 Breakout Confirmation: To validate the wedge pattern, we'll need to see a clear breakout above the upper trend line. This breakout should ideally be accompanied by an increase in volume, indicating strong buying interest. Keep a close eye on as a potential breakout point. A decisive move above this level could signal a bullish breakout. 🎯 Price Targets: If the breakout occurs, we can project potential price targets based on the height of the wedge pattern. Measure the distance from the starting point of the wedge to the upper trend line and add it to the breakout level. Consider as potential price objectives to keep an eye on. ⚠️ Risk Management: Remember to implement appropriate risk management strategies. Placing a stop-loss order below the lower trend line or at a level that aligns with your risk tolerance can help protect your capital in case the breakout fails and price reverses. As always, conduct thorough research and consider additional factors such as market conditions, news events, and overall trend analysis before making any trading decisions. 📊 Hashtags: #LCID #WedgePattern #BreakoutOpportunity #TechnicalAnalysis #TradingView Please note that this analysis is based on technical analysis principles and should be used as a starting point for your own research. Market conditions can change rapidly, so stay vigilant and adapt your trading strategy accordingly. Happy trading! 🚀💰 Disclaimer: This content is not financial advice. Trading carries risks, and it's important to only trade with funds you can afford to lose. Seek advice from a qualified financial professional before making any investment decisions.
NASDAQ:LCIDLong
by STP_MrNodeItAll
5
Battle of the New EV NASDAQ ComponentsLucid and Rivian, both new components of the NASDAQ:NDX , have been showing up on the High-Volume Institutional Activity recently. NASDAQ:LCID has the beginnings of a bottom attempt developing with a Dark Pool buy zone emerging, but it's been slow-going for this EV company. Professional short-term trading is evident in the current run up, as it is in other EV companies this week, spurred by the bankruptcy of Lordstown Motors, many would say. NASDAQ:RIVN has a clearer Dark Pool buy zone developing at this bottoming level with the same Pro Trader footprint in the current run up. This type of bottom formation provides a sturdier support level--evidence of more conviction from the institutions? Both stocks have a lot of work to do to complete their bottoms for more than short-term trading at this time. Resistance AND competition are heavy ahead, as it's still early days in the race to dominance in EV Auto Manufacturing.
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NASDAQ:LCID
by MarthaStokesCMT-TechniTrader
12
$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.
NASDAQ:LCID
by Penny_Stocks_Today
2
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!
NASDAQ:LCIDLong
by kstrizzle001
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.
NASDAQ:LCID
by scheplick
7
$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.
NASDAQ:LCIDLong
by Penny_Stocks_Today