1
Lucid stock price (NASDAQ: LCID) fell 13% in the previous week.
2
LCID stock price seems oversold and might show a pullback toward a 50-day EMA.
3
Lucid Group, Inc.’s stock price defended the $5.00 level and formed a Doji.
Lucid stock price (NASDAQ: LCID) fell 15.45% in the current month and hit a new 52-week low at $4.97. However, it formed a Doji candle near $5.00 which the price showed a minor bounce.
LCID stock price seems to be in a bearish grip and is heavily shorted stock. So, short sellers need to be careful in the coming weeks and beware of squeezes.
Lucid Group, Inc.’s stock price had not performed well in the past few months and declined by forming lower low swings. It continuously faced rejection from the 50-day EMA and traded with a bearish bias.
Short-term pullback rallies were not sustained on higher levels showcasing the dominance of sellers.
Lucid stock is in a downtrend but the price looks oversold so a tem
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