Million

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>LCID stock declined over 29% in the past six months and a major decline of 58.89% was seen in 52 weeks.&nbsp;</a> </li> 
 <li> <span>2</span> <a>At the time of publication, LCID stock was trading below 20-day EMA.&nbsp;</a> </li> 
 <li> <span>3</span> <a>The RSI and MACD both show neutrality towards Lucid Group, Inc. stock.&nbsp;</a> </li> 
</ul> 
<p>LCID stock seems to be following a declining trend since the beginning of 2023. On September 6, 2022, Lucid Group, Inc’s share was priced at $14.61 which is around 56.47% greater than its press time trading price.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-lcid-stock-price-analysis-strong"><strong>LCID Stock Price Analysis&nbsp;</strong></h2> 
<p>Despite long-term losses, an impressive surge of 7.98% is seen in the weekly time frame. At press time, LCID stock price was trading below the 20-day EMA which indicates that the stock price slipped significantly in a few of the previous sessions.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/g6UUB5nKl6KrCDJoaxJM4vm9XePaNihfr1RIpv9rh-Ru5_OdBoM5txUo1jQ3f1aMneO7lfVu4Q5InymgcRdXOEfu2Stwdu2CzllNWuvqJMHgvLCTP3EsKZZBy7Xzu8Gm5Y7MIoIg3RHSV1DHZ6ty3w4" alt="Despite a Bullish Trend, Lucid Stock Struggles Below 20-Day EMA&nbsp;"> 
  <figcaption class="wp-element-caption">
    Source: LCID stock price chart from <a href="https://www.tradingview.com/x/beLOfDnm/" rel="noopener noreferrer nofollow">TradingView </a>&nbsp;&nbsp; 
  </figcaption> 
 </figure> 
</div> 
<p>In the 52-week time frame, <a href="https://www.thecoinrepublic.com/2023/08/25/lucid-stocklcid-does-lucids-ev-price-cut-impact-stock-price/" rel="noopener noreferrer nofollow">LCID stock’s</a> highest trading price was $17.81, and its lowest traded at $5.46. It is expected that if bulls succeed in holding the trading volume then there are chances that it might soon beat its annual price target of $7.55.&nbsp;</p> 
<p>Lucid Group Inc. has a market capitalization of $14.518 Billion compared to the market cap of the company in 2022, a surge of 16.26% is seen till September 2023. The RSI and MACD both show neutrality towards LCID trading price.&nbsp;</p> 
<p>A minute buyers accumulation is seen above the MACD histogram chart which might indicate that further surging movement might be seen in coming sessions. As per market analysts, there are possibilities that LCID stock might open above its previous closing price.&nbsp;</p> 
<p>If buyers continued their dominance over sellers then possibilities arose that LCID stock might soon face immediate resistance of $6.72 and possibly next resistance of $7.30.&nbsp;</p> 
<p>In a different scenario, if buyers failed to hold their position then LCID stock price might fall further and face immediate support of $6.18 and following support of $5.80.&nbsp;</p> 
<p>According to TradingView, 505.281 Million LCID shares are free-floating, and a significant amount of 1.777 Billion shares are closely held either by financial backers of the company or the board of directors.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-lucid-group-inc-financial-updates-strong"><strong>Lucid Group, Inc. Financial Updates&nbsp;</strong></h3> 
<p><a href="https://www.thecoinrepublic.com/2023/08/25/lucid-stocklcid-does-lucids-ev-price-cut-impact-stock-price/" rel="noopener noreferrer nofollow">Lucid Group Inc.</a> released the previous quarter earnings on August 7, 2023. The company missed the EPS estimate by 17.03% and revenue by 16.91%. Despite that, Lucid stock reacted positively and the prices surged by 12.17%.&nbsp;</p> 
<p>From the reported revenue of Q2, 2023, the net income of Lucid Motors was -$764.23 Million and the booked profit margin was -506.54%.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels&nbsp;</strong></h4> 
<p>Major Support: $6.18 and $5.80&nbsp;</p> 
<p>Major Resistance: $6.72 and&nbsp; $7.30.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion&nbsp;</strong></h4> 
<p>A minute buyers accumulation is seen above the MACD histogram chart which might indicate that further surging movement might be seen in coming sessions. As per market analysts, there are possibilities that LCID stock might open above its previous closing price.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Despite a Bullish Trend, Lucid Stock Struggles Below 20-Day EMA

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