Comprehensive Technical Analysis of Lucid Group, Inc. (LCID) for July 8, 2025

1. Chart Pattern Recognition

• Long-Term Trend (Past 4 Months): After a rally from the $2.10–2.20 base in mid-March peaking near $2.96 in late May, LCID suffered a sharp pullback into June, losing momentum with a series of lower highs and lower lows, bottoming in early July below $2.10.
• Short-Term Action (Past 2 Weeks): Recent action is choppy but shows a rounded bottom formation: price oscillates between $2.10 and $2.23, with several tests of prior support/resistance levels on above-average volume. The classic susceptibility to stop-loss raids near $2.10 appears resolved, with today marking the strongest bounce in weeks.
• Intraday (July 8):
  • Strong gap up at open from $2.115 to $2.18 and persistent buying through the session, hitting as high as $2.36 before modest profit-taking.
  • Recent hourly candles reflect fading momentum, but each minor dip is meeting clear support above $2.29.
  • Large volume spikes at the session’s open and into the upward surge (particularly 20:00:01, 21:00:08 UTC) confirm aggressive interest from buyers and short sellers covering positions.

2. Key Support and Resistance Levels

• Immediate Support: $2.29–2.30 (tested multiple times late in the session)
• Major Support: $2.10 (prior multi-day base; psychological threshold)
• Immediate Resistance: $2.36–2.40 (session high and round number rejection)
• Major Resistance: $2.47–2.53 (clustered highs from late April and early May)

3. Moving Average Analysis

• Simple Moving Averages (Estimate based on daily closes):
  • 20-Day SMA: Roughly $2.16 (recent close rallies above average – typically bullish)
  • 50-Day SMA: Near $2.31 (current price converges at this dynamic; possibly a pivotal battlefront)
• Price Relative to SMA: The closing price crossing and holding above 20/50-day SMA after multiple days below is a bullish reversal signal.

4. Volume Profile & Accumulation

• Sustained high volumes on green candles, particularly at turning points, indicate institutional accumulation.
• Last three days: Above-average volume coinciding with the reversal, confirming the significance of the bounce.
• Today's strong volume during upswings suggests short-covering and fresh long positions being opened.

5. Oscillator & Momentum Indicators

• RSI (inferred): Approximates to the 50–60 range – indicative of a transition from oversold to neutral/bullish. No sign of overbought yet.
• MACD (inferred): Histogram likely turning positive as short-term moving averages cross above longer-term lines – bullish momentum shift after lengthy negative trend.

6. Volatility & ATR

• ATR (Average True Range): The recent daily range (approx $0.10–$0.15) suggests higher-than-normal volatility for this low-priced stock. Given today’s $0.25+ intraday move, traders should prepare for rapid swings.

7. Candlestick & Price Action

• The large-bodied green candles with narrow upper tails into the $2.36 area show sellers are active above there, but each dip is quickly refilled on the bid, suggesting continued buying demand. No reversal doji or engulfing red candle has appeared today; no warning of imminent breakdown.
• Small consolidation within a tight band ($2.28–$2.31) at session close likely reflects buyers absorbing available supply ahead of another attempted move higher.

8. Market Structure & Order Flow

• VWAP (Volume-Weighted Average Price, estimated): Likely sits near $2.29–$2.30 for today based on volume clusters. Price closing above VWAP is bullish intraday.
• Order Book Inference: Persistent prints at $2.30 suggest significant resting bids. Thin liquidity above $2.36 implies little resistance if momentum resumes.

9. Sentiment & Newsflow (Contextual Consideration)

• While not provided in the data, the volume and price surge in absence of clear fundamental news hints at technical-driven moves and possible short squeeze mechanics, rather than company-specific catalysts.

10. Risk Analysis

• Downside Risks: Failure to hold $2.28–$2.29 could see a rapid retest of $2.18 or even $2.09, with high volatility and little support until those levels.
• Upside Potential: A clean break above $2.36 could cascade to the $2.47–$2.53 supply zone, as little volume resistance stands in the way and momentum strategies could trigger buy orders.
• Risk/Reward: With stop placement just below $2.28, reward-to-risk favors a bullish entry. ATR suggests a $0.13–$0.15 first upside target is realistic for a 24-hour swing.

11. Synthesis and Conclusion

• Trend: Inflection point from bearish-to-neutral/bullish.
• Momentum: Turning positive on strong volume.
• Market Reaction: Repeated buying pressure and absorption at $2.29, strong closing, heavy volume confirm active interest.
• Tactical Play: Favor buying at or slightly above $2.30, optimum entry near $2.29 if minor dip occurs, targeting a move to prior resistance at $2.43. Given high volatility, partial profits may be taken above $2.40 and tight stop placed just under $2.28.

Final Call: Buy (Long Position)

• Optimal Entry (Open Order): $2.29
• Profit Target (Close Order): $2.43 (potential to overshoot if bullish momentum accelerates; scale profits)
• Protective Stop: (not asked, but for context) Below $2.27 for risk control.

24-Hour Outlook: Expect further bullish follow-through as buyers exploit the technical reversal and shorts cover at resistance breaks. Watch for any news catalyst, and monitor for volume surges above $2.36 as a confirmation.