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Lucid Group, Inc.

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LCID trade ideas

Lucid Motors set to fall to $5?Lucid Motors is continuing to show weakness in a market where others have been thriving. Sometime within the next 2-3 years they could seriously be in trouble when it comes to cash flow and cost of revenue. I would be highly cautious of owning any shares in 2023 due to their current rate of cash burn. While I can't make any predictable target right now, earnings will paint a big enough picture for where the company might be heading when it comes to stock price. Again this is not a price estimation, just a notification of where I currently stand on this company.
NASDAQ:LCIDShort
by RomanaFinancial
1
How LCID Share Price May Behave After Disappointed Earnings?Lucid's (LCID) share price has been moving within a narrow price range since the beginning of November (the shaded area in yellow), while LCID share has been trading with the bearish tone in general. Lucid stock is trading on both sides of the 25-day exponential moving average and below the longer-term moving averages in a negative sign on the short and medium term. Now, on the daily chart, the EMA-50 usually forms a difficult line to break, and LCID share price fails to surpass it and stabilize above it. Accordingly, the reversal of LCID share price from this line, as well as the reversal from the dynamic resistance level or the opening below the yellow price range at $13.15, this may lead us to decline towards the level of $12.20 or below towards the level of $10, levels that the price of Lucid share since 2021. On the flip side, if LCID share price was able to recover the EMA, it might lead us to the level of 15.68 50 again, while the test of the EMA-100 may be a difficult test for LCID share at the time. Fundamentally, Lucid recorded a net loss of $530 million for the third quarter of this year, and revenues of $195 million, compared to revenues of $232 million during the corresponding quarter of last year. In addition to recording earnings per share of -40 cents, compared to -43 during the corresponding quarter of last year. While the company stuck to its previous guidance of producing between 6000-7000 cars during the whole year.
NASDAQ:LCIDShort
by SamerHa
$LCID Earnings/FOMC meeting push -- Potential IHS patternOn the $LCID 4H+ext chart it looks like we've started a potential IHS (Inverted head & shoulders) pattern. IHS: Using fibannaci retracement and extension from the high to the low (point 3) we can see a shoulder line forming on the 0.236 fibannaci extension at points 1 & 5. Resistance starts forming at near the 0.236 fibanacci retracement around $13.05 -- which also coincides with some resistance on the volume profile. At this point it looks like we've started to clear the neck line resistance and we're moving up the fibannaci extension -- as well as the upcoming gap in the volume profile. Stochastic is over > 60, MACD is making higher highs, and the TTM is firing to the upside. Considering the macro is looking to potentially do a relief rally leading up to the FOMC meeting on 11/02 and $LCID earnings is on 11/08 we might see a continuation of a channel upwards through this gap in volume. From Oct 21 close looks like at least another +0.31 pts +2.31% to the upside if momentum continues Mon, Oct 24 as we continue pushing up the gap in the volume profile. Keep in mind the current extension is showing potential resistance/support at the 0.618 line at $13.20. We would need to clear this line with momentum to gap up to the 0.786 line which is where volume profile resistance starts building up. We have been in a massive bull flag downward channel for quite some time, so expect big resistance as the extension approaches the 1.0 line at $14.02 (+0.71 pts +5.37% upside)-- which happens to coincide with the top line resistance of this bull flag channel. If we are able to clear this channel and climb up the volume profile, the 4h+ext point of control on the volume profile is up at $15.06, which would be a +1.74 pts +13.09% change to the upside. Continue monitoring stochsatic and ttm squeeze; break in trend would be a collapse of 0.618 $13.20 support which we could snap the 0.5 quickly and probably land back near the 0.382, and the next major shelf of support on the volume profile around $12.90 PT 1: $13.56 (+2.31%) PT 2: $14.02 (+5.37) PT 3 (Max): $15.06 (+13.09%) Stop limit (break of 0.618 support and snap 0.5 support): $12.90 (-3%)
NASDAQ:LCIDLong
by paolodamus
2
LCID - This Little Piggy Didn't Get Roast Beef 🐖LCID starting to look like its in a cycle wave zig zag that will eventually get back to $11 area. Having completed a 1.618 intermediate C wave to top out the primary B, LCID printed a very bearish candle. Looking at the downward fib extension it is currently at the 1:1 and the highlighted gravestone area shows the area has been tested and now price is slipping to the downside. The 1.618 will take price back into the trading range but I think the very large bearish candle signals that this will be a 5 wave capitulation down to $11. Also looking at RSI it is giving its lowest reading on the 2W andlooking bearish now falling into the lower quadrant. It will go oversold I think. See you at $11. Not advice.
NASDAQ:LCIDShort
by dRends35
LCID - Trade ReviewMost of the times I do reviews on plays that went green; however, this one will be different. Us retail traders have no control over the market, and we are bound to have red trades/unsuccessful trades, but we have to implement good risk management measures to keep moving forward. My plan was to enter in a long position at around 14.35$ at the support level, with a target to 14.89$ to the following resistance level. The market conditions weren't optimal for this long and clearly I was punished for it. I kept my risk minimal however and I manually exited the trade during pre market. As you guys can see, it would've been a really red trade if I had held onto my shares as the stock dumped at open. In the end tho, I was able to redeem myself on the MSOS short I just reviewed. It's always important to be looking out for other opportunities and to keep your head high after losses because when one door closes, another one can open. Hope you guys have a good weekend and I will be reviewing other plays I make throughout the week.
NASDAQ:LCIDShort
by LukeCharts07
Lucid at oversold extremes.Lucid Group - 30D - We look to Buy at 13.61 (stop at 12.59) We are trading at oversold extremes. 13.25 has been pivotal. Bespoke support is located at 14.00. Support could prove difficult to breakdown. We look to buy dips. Prices have reacted from 13.53. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. Our profit targets will be 16.08 and 16.98 Resistance: 16.00 / 17.50 / 19.00 Support: 14.00 / 13.25 / 12.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:LCIDLong
by Saxo
1
Dark Pool Buy Zones and Sell Short Risk: LCIDDark Pool buy zones tend to provide strong support for stocks running down. If a stock violates the lows of such support, the rebound tends to come quickly, erasing any sell short profits. This young EV auto manufacturing company is near its IPO price range, which is strong support. The retest of the lows of this bottoming action doesn't show much downside potential for a strong sell short. There is risk that LCID may gap or run down but then reverse quickly and move back up. Whipsaw reversal candles near Dark Pool buy zones can cause big losses for short sellers at this level.
NASDAQ:LCID
by MarthaStokesCMT-TechniTrader
$LCID: Short it to $0...cash burning like there's no tomorrow.I'm shorting $LCID here, nice weekly setup, downside targets are $9-10, and up to $1-2 by December 2nd or sooner. I'm long puts to ride this move, since the stock is hard to borrow. Worth a shot, you could also consider a portfolio where you long the relatively safe EV names vs shorts in EV startups that are burning cash and unprofitable, which will likely continue to pay off (long $TSLA, $F, $RIVN maybe, vs shorts in $NKLA, $LCID, $ARVL, $FFIE, $FSR, etc)
NASDAQ:LCIDShort
by IvanLabrie
9