Lucid hovers near lows as traders brace for earnings volatility
$Lucid Group Inc(LCID)$
$18.02 (−0.50%): Oversold drift near lows; hold $17.8 sets up $18.7–$19.3 reflex bounce
Market Recap (as of Oct 29, 2025):
Lucid slipped to $18.02 (day $17.85–$19.25), with 16.21M shares vs 9.94M avg (~1.6×), suggesting distribution ahead of the Nov 5 earnings.
The stock sits ~50% below its 52-wk high (YF range $15.25–$36.40), hovering just above the lower bound.
Technical Indicators Analysis:
Momentum is weak: RSI(14) ≈ 32 (near oversold) and MACD remains below zero with a shallow negative histogram—selling pressure is easing but trend is not reversed.
Price rides below the 20/50-day EMAs, keeping a bearish bias unless buyers reclaim the gap area. Base case (1–3 weeks): range-bound to slightly lower, with scope for a mean-reversion bounce if $17.8 holds.
Support / Resistance:
Support: $17.5
Resistance: $19.61
Valuation and Target Range:
No meaningful P/E (TTM EPS ≈ −$11.30), versus the S&P 500 ~25×; fundamentals remain loss-making and sensitive to cash-burn headlines.
Near term, expect $17.8–$19.3 trade; a daily close > $19.3 targets $20.0–$21.0, while a break < $17.8 risks a slide toward the $17.2–$17.0 shelf.
News:
Lucid Group partners with $NVIDIA(NVDA)$ for Level 4 vehicle; plans robotaxi pilot in Bay Area, Lucid Group's CEO, Marc Winterhoff, revealed that the engineering team is seeking new chip suppliers to tackle the semiconductor crisis, indicating potential improvements in production timelines.
Marc Winterhoff, the interim chief of EV startup Lucid Group, said the company has absorbed half the cost of the lost credit and passed half to the customer on its electric Air sedan. It is focused on bringing an affordable model to market by the end of next year.
Risk Statement:
Pre-earnings volatility, EV-sector sentiment, and financing updates can trigger gaps and sharp reversals. This is technical commentary only—not investment advice.
Data Source: Yahoo Finance & TradingView (daily chart, Oct 29, 2025). Prepared by Tiger Morning Brief | For internal use only
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