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...
A detailed technical analysis of ICP reveals a bearish market sentiment. The moving averages and technical indicators indicate a strong sell signal, with no buy indicators in sight.
The RSI, STOCH, and MACD indicators all suggest a bearish trend, with values indicating a sell zone. The ATR value indicates lower volatility in the market.
