Lucid Shows Strength Ahead Of CPI Data Wednesday: The Bull, Bear Case For The EV Stock
Portfolio Pulse from Melanie Schaffer
Lucid Group, Inc (NASDAQ:LCID) saw a 6% increase in stock price before a group of sellers brought it down by 4%. Since June 23, Lucid's stock has surged about 40%, trading in an uptrend pattern. The pattern is bullish in the short term but can be bearish in the long term. The stock has resistance above at $8.35 and $9.84 and support below at $7.33 and $6.17.
July 10, 2023 | 5:51 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Lucid Group's stock has surged about 40% since June 23, trading in an uptrend pattern. The pattern is bullish in the short term but can be bearish in the long term. The stock has resistance above at $8.35 and $9.84 and support below at $7.33 and $6.17.
The news indicates that Lucid's stock has been trading in an uptrend pattern, which is bullish in the short term. However, the pattern can turn bearish in the long term. This suggests that the stock's price may continue to rise in the short term, but there is a risk of a downturn in the long term. The stock's resistance and support levels also provide important information for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100