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

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

1
LCID stock declined over 29% in the past six months and a major decline of 58.89% was seen in 52 weeks. 
2
At the time of publication, LCID stock was trading below 20-day EMA. 
3
The RSI and MACD both show neutrality towards Lucid Group, Inc. stock. 
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. 
LCID Stock Price Analysis 
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. 

Source: LCID stock price chart from TradingView   
In the 52-week time frame, LCID stock’s highest trading price was $17.81, and its lowest traded at $5.46. It is expected that if bulls succeed i

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