Technical Analysis

Technical Analysis of LCID Stock

Current Price and Trend

As of the latest data, LCID is trading at $2.13, showing a bearish trend with a series of lower highs and lower lows. The stock closed at $2.15 on 2025-03-07, with a high of $2.16 and a low of $2.05.

Key Technical Indicators

• RSI (6, 12, 14): 29.45, 32.55, 33.94 (all below 50, indicating bearish momentum).
• Stochastic Oscillator (%K, %D): 7.88, 6.85 (oversold territory).
• MACD: -0.22 (negative, with the signal line also negative, confirming a bearish crossover).
• Bollinger Bands: Price is near the lower band, suggesting oversold conditions but lacking a clear reversal signal.

Fibonacci Levels

• R1: $2.81
• R2: $3.04
• S1: $2.05
• S2: $1.82
• Pivot: $2.43

The stock is currently below the pivot point, indicating bearish pressure.

Volume Analysis

The volume on 2025-03-07 was 88,987,621, showing high trading activity but failing to break the downtrend.

News Sentiment

Recent news indicates mixed sentiment:

• TD Cowen initiated coverage with a Hold rating and a $2.30 price target.
• Benchmark analyst Mickey Legg is bullish with a $5 price target.
• However, concerns about high production costs and cash burn persist.

Conclusion

Based on the technical analysis, LCID is in a bearish trend with oversold conditions. While there may be a short-term bounce, the overall momentum remains negative.

Recommendation:
Sell LCID at $2.13, with a potential target of $2.05.

Disclaimer: This analysis is for informational purposes only and should not be considered as investment advice. Always consult a financial advisor before making investment decisions.