Million

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Lucid stock price defends the level of $5.</a> </li> 
 <li> <span>2</span> <a>LCID stock price is trading in an interesting triangle pattern.</a> </li> 
</ul> 
<p>Lucid stock price fell 5.49% this week while defending the $5 mark, and taking support on it. It seems that bulls are defending the price at the current level.</p> 
<p>LCID stock price was trading in a descending triangle pattern indicating a recovery rally from the current level. However, the recovery rally will be initiated when the price breaks the triangular pattern and LCID stock needs the influx of buyers to initiate the recovery rally towards the level of the $8 mark. Moreover, above the $8 threshold, the trend is looking positive.</p> 
<p>LCID stock returns were negative 25.97% since the beginning of the year. The stock fell by 32.37% in the past 6 months. The downtrend has continued till now as the stock price fell by 17.97% this month and fell by 5.49% this week. Furthermore, the data shows the bearish trend of LCID stock.</p> 
<p>When we look at the current stats of the Lucid stock, it is trading at the level of $5.16 with a massive loss of 7.19% intraday. At the time of writing, LCID stock price was trading with a volume of $43.997 Million while the average 120-day volume of the stock is $27.145 MIllion with a market cap of $1.778 Billion.</p> 
<h2 class="wp-block-heading" id="strong-will-lucid-stock-price-break-out-of-the-descending-triangle-pattern-strong"><strong>Will Lucid Stock Price Break Out of the Descending Triangle Pattern?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="466" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-141-1024x466.png" alt="" class="wp-image-173934" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-141-1024x466.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-141-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-141-768x349.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-141-750x341.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-141-1140x519.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-141.png 1433w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: <a href="https://docs.google.com/document/d/1KWKR3-6UNKSQljOLzzE-XK7R6xARIn1YeOArJP6rZfI/edit?usp=sharing">Tradingview</a>
  </figcaption>
 </figure>
</div> 
<p>Lucid stock price is trading in a descending triangular pattern. However, the stock price needs buyers’ support to break above the key moving averages.&nbsp;At the time of writing, the stock price is below the 20, 50, 100, and 200-day EMAs showcasing bearishness on the daily time frame.&nbsp;</p> 
<p>The MACD curve is trading sideways below the zero line, showcasing neutrality in the trend. MACD curve is at -0.2165 points and signal line is at -0.2389 points.&nbsp;RSI is hovering at 36.19 points and the 14 SMA curve is at 36.14 points between the median line and the oversold zone indicating neutrality.</p> 
<h2 class="wp-block-heading" id="strong-analyst-rating-about-the-lucid-stock-price-strong"><strong>Analyst Rating About the Lucid Stock Price.</strong></h2> 
<p>The 12 analysts gave a 1-year prediction for the LCID<a href="https://www.thecoinrepublic.com/2023/10/04/lucid-group-inc-lcid-rose-3-86-weekly-will-the-surge-stop/"> stock price</a></p> 
<p>&nbsp;with an average target of $7.38, a maximum target of $10, and a minimum target of $5.00. Out of 15 analysts 5 gave LCID stock a strong buy rating, 8 gave the stock a hold rating and 2 rated the stock a strong sell.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>Lucid stock price is neutral as of now, trading in a narrow range, highlighting the neutrality on the daily chart. If the price breaks out from the descending triangle pattern, it may reach the level of $8 in the upcoming session but if the price breaks down, then it may go further down.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p><strong>Support Levels</strong>: $4.96 and $$4.00</p> 
<p><strong>Resistance Levels</strong>: $6.58 and $8.00</p> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.</p>

Lucid Stock: is LCID Stock Price Ready to Fly Above $8 Mark?

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