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Lucid Group, Inc.Lucid Group, Inc.Lucid Group, Inc.

Lucid Group, Inc.

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LCID trade ideas

Daily cloud brokenLucid Group, Inc. is forecast to remain unprofitable over the next three years, with analysts expecting its net loss to widen to $2.89 billion in 2024 ¹. However, the company's revenue is expected to grow significantly, more than quadrupling from $799 million in 2024 to $3.31 billion in 2026 ². While there isn't a specific year projected for profitability, Lucid's plans to expand its production capacity and narrow its net loss suggest that it may achieve profitability in the latter half of the decade. The company aims to increase its annual production capacity from 34,000 vehicles to 400,000 vehicles over the next four years ². Yes this was a.I generated to the question can Lucid become profitable
NASDAQ:LCIDLong
by mickeypool1
1
Lucid Group’s Epic Comeback: A Journey Back to Glory?Lucid Group (LCID) has experienced a steep decline since its historic peak on 15th November 2021, when it reached approximately $57 per share. The downtrend, spanning over two years, is best interpreted as a classic ABC corrective structure based on Elliott Wave Theory. However, recent technical signals suggest this prolonged bearish phase may have concluded with the low of $1.93. Elliott Wave Analysis of Lucid Group The ABC correction highlights a significant retracement, with the C-wave marking the final stage of this bearish structure. The $1.93 low could represent the termination of Wave C, potentially setting the stage for a robust recovery. If this analysis holds, Lucid Group could be poised for a sharp reversal, with an initial target of $13 and a long-term potential to reclaim $60. Fibonacci and Confluence Zones From a technical perspective, the $1.93 level aligns with key Fibonacci extensions, reinforcing its validity as a critical support. This confluence supports the idea that the correction is complete, paving the way for an impulsive upward move. Fundamental Outlook While the technical setup is promising, Lucid’s fundamentals will also play a crucial role in its recovery. As a leading electric vehicle (EV) manufacturer, Lucid is well-positioned in a burgeoning market. Its innovative designs and expanding global footprint make it a company to watch as the EV sector continues to grow. Risk Management and Key Levels Despite the bullish outlook, risk management remains vital. If the $1.93 level is breached, it would invalidate this scenario, signalling further downside risk. For now, this serves as the critical stop-loss level for any bullish positions. Final Thoughts Lucid Group is at a critical juncture. After a prolonged corrective phase, the stock appears ready to rebound, with technical indicators pointing to significant upside potential. Targets of $13 in the short term and $60 in the long term provide compelling opportunities for investors. For traders looking to capitalise on Lucid’s recovery, close attention to key support and resistance levels will be essential. The EV giant may just be gearing up for an electrifying comeback.
NASDAQ:LCID
by VitalDirection
Could it be a bullish recovery?NASDAQ:LCID could be a bottoming out stock in play after it broke above the key long-term downtrend line since Nov 2021. Furthermore, the stock has broken above the bearish gap and if it could sustain above the levels: US$3.17, then it could be a potential bottoming out play. Ichimoku has shown three bullish golden crossover and the Stochastic Oscillator is showing a recovery in bullish momentum. Volume is expanding in a healthy fashion, making the stock attractive for mid-term momentum play. If it corrects in near-term, then 2.31 support will be worth looking out for a rebound.
NASDAQ:LCIDLong
by William-trading
**LCID Bounce Setup with Key Levels**### **Description**: The **30-minute chart** for **LCID (Lucid Group Inc.)** shows a potential bounce trade setup: - **Entry**: $2.58 (yellow line - current level) - **Stop Loss (SL)**: $2.48 (white line - support zone) - **Target 1 (T1)**: $2.71 (red line - first resistance) - **Target 2 (T2)**: $2.86 (green line - major resistance) Price is holding near a crucial support zone. Monitor for bullish confirmation with volume to validate the upward move. A break above $2.71 could accelerate momentum. 📈 #LCID #Lucid #TradingSetup #TechnicalAnalysis #NASDAQ #EVStocks
NASDAQ:LCIDLong
by Xeeshan79
Lucid group: Minor Peak Breached, Eyes on $3.50 Lucid Group rebounded after forming a higher minor low at $2.27, signaling initial strength. The price successfully closed at the recent minor peak of $2.73. A confirmed breakout above $2.73 could shift the trend to an uptrend in the short-term, with potential upside targets lie around $2.90, $3.20, $3.37, and $3.50. The stop-loss lies below 2.27$. the indicators are heading toward the positive side, which confirms the mentioned positive scenario. The information and publications are not intended to be or constitute any financial, investment, commercial, or other types of advice or recommendations provided.
NASDAQ:LCIDLong
by Gehad_Abouelela
12/15 LCID bullish Hi Traders, I have a love-hate relationship with LCID. The company produces outstanding products with the best EV range in the market, but its stock price often fails to reflect its fundamentals. While it’s true the company is burning cash, the quality of its products remains top-notch. With the recent launch of Lucid Gravity, the stock has finally gained momentum to move higher. The technicals look promising as well. LCID recently bounced off the 0.61 Fibonacci level, which typically indicates a higher probability of breaking the Fibonacci high of 2.73. Additionally, the price is holding above the 50 SMA, another strong bullish signal. Based on this, I believe LCID has a good probability of filling the gap and reaching 3.20 in the coming weeks. If momentum continues, it could even happen as early as this week. Good luck all, and may the trend be with you. AP
NASDAQ:LCIDLong
by aparkon
Is LCID Ready to Defy Gravity?!Here I have NASDAQ:LCID on the Daily Chart. Price has been wrestling with the ( $2.55 - $2.30 ) area all 2024, but with the new Gravity SUV finally in production: www.tradingview.com along with tension easing from speculation on what the Trump Administration plans to do with the EV Sector: www.tradingview.com We could see Price on NASDAQ:LCID take off! Since the August High's @ ( $4.43 - $4.25 ), Price has been following a Falling Resistance but we see on Dec. 6th, Price not only became extremely Bullish testing the Falling Resistance from underneath but also: -Built Massive Bullish Volume -RSI Pushed Above 50 -Followed by a Bullish Candle Close outside of the Falling Resistance to start the week on Dec. 9th. *Suggesting Market Sentiment is changing and Bulls could be getting ready to take over! Today on the 11th we see Price has made a Pullback to the Falling Resistance to Retest the Break @ $2.28 and is currently trading up to $2.35 showing a good Bullish reaction to the Lower Prices now! We must continue to see RSI stay Above 50 and Bullish Volume remain dominant upon Prices rise along with good output from the new product line and the company continuing to gain investing support!
NASDAQ:LCIDLong
by Novi_Fibonacci
$LCID will be catapulted to $4.3-5 range- This stock has been beaten down as it failed to reach the masses. - However, the cars are impressive in terms of technology and looks. - Tesla model 3 & Y looks ugly in front of stylish Lucid motor's cars. - A big reason why Lucid might have a good run way to go higher is because of Saudi funding. They have invested billions in this company and would be investing more. - Lucid cars were sold to Police department of Soudi to further support the lucid. - Recently, lot of hedge funds like DE shaw, Citadel increased their position in the company. - Can it go to double digits? - Maybe if there is a short squeeze - Would it go to $5? - Yes, Charts indicate that it should test $5
NASDAQ:LCIDLong
by bigbull037
LCID , I think we just need to ride the wave to success!Hi dear traders, today we would look into Lucid Group. the luxury EV creator in the U.S. so far the company has had a very bumpy road in it's history and I am going to be honest with you I participted and caught some really good results with it , so this is why I am pointing my analysis. Fundamental POV - They are a leading EV company which is popular as we sad with their luxury Electric Vehicles.Recently its linep with the Gravity SUV and reported 200M Q3 revenue which surpassed expectations makes it a tasty opportunity.With confirmed production target of crossing 10,000 vehicles and a fresh funding of 1.75$ Billion Lucid is very well positioned to follow up with this bullish run. Entry - On market open - 2.61$ Target 1: 3.46$ (covering the huge gap) Target 2: 3.93$ going towards upper resistance level in a formulated ascending channel Target 3: 4.40$ surpassing the Resistance Level so we can see what we can aim for next. Keep in mind at a point in time this company's stock was 65$ per share, so we have a long road ahead of us , this overview is short/mid term. As always my friends happy trading! P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
NASDAQ:LCIDLong
by DG55Capital
LCID - Buying A Diabolical Chart Devastating crash from the breakaway gap and it has plunged below support. As I covered before, this could well be a downtrend and there are plenty of EV's in what appear to be perpetual downtrends. This could well be another EV that never recovers. However in terms of liquidity, it has made a new low below support and back within the long term 2.272 Golden Window. And so reversals are more likely in this area. In addition, the day RSI hit 23 yesterday which is almost as low reading as the previous crash low in January. Earnings coming up and with the chart looking so diabolical, logic of reverse psychology suggests that it may have a bullish reversal. It may not, it may just die but I think this has a good chance to at least see some sort of bounce back above support. And it could be a big bounce. And its not impossible that it could even be a ST Secondary Test market bottom, though that has to be somewhat outside odds. So i'm playing LOTTO here and i'm buying that chart because it is oversold, the chart looks diabolical, its in higher liquidity area in printing a new low and earnings are next week. Not betting the farm 😅. Not advice.
NASDAQ:LCIDLong
by dRends35
3