Lucid Group (LCID) Stock Price Prediction 2024,2025,2030 — Is Lucid Stock a Good Investment?

Although EV manufacturers have had a difficult year, have EV stocks finally turned the corner? The fact that shares of EV manufacturers like Tesla Inc. (NASDAQ: TSLA) and Rivian Automotive (NASDAQ: RIVN) have substantially recovered during the last few weeks following a terrible run to start 2024 suggests that some investors definitely think so. Is the recent upsurge sustainable, or do EV companies still face challenging times ahead? This essay will cover the future prospects of Lucid Group (NASDAQ: LCID), one of the lesser-known electric vehicle manufacturers in America, and how it intends to take on the large players in the market.

Lucid Group (LCID) Stock Overview

Stock	Lucid Group, Inc.
Last Price	$ 2.1 0.48%
Rank	1255
Market Cap	$ 6.3B
24H Trading Volume	$ 40.7M
Exchange	NASDAQ
Open	$ 2.07
Previous Close	$ 2.07
High	$ 2.15
Low	$ 2.06
ATH	$ 64.86 / 2021-02-18
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Update Time	2024-11-23 06:52:01

Lucid Group (LCID) Stock Price History

Lucid Group (LCID) Stock Technical Analysis

Daily Simple Moving Average (SMA) & Daily Exponential Moving Average (EMA)
Date Calculated:2024-11-23

Weekly Simple Moving Average (SMA) & Weekly Exponential Moving Average (EMA)
Date Calculated:2024-11-23

Lucid Group (LCID) Stock Price Forecast for 2025-2050

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Lucid Group (LCID) Stock Price Prediction 2024

Trading at a record low, Lucid stock (LCID) might see substantial buying pressure following a strong breakout. According to the present fundamental picture, LCID might aim higher and achieve the 5.42 important resistance level within 2024.

There is strong, persistent selling pressure on the weekly LCID price. There has been no indication of seller weakness as the price trades below the 50-week EMA line.

The primary bearish pressure is still present and has the potential to go lower until bullish exhaustion is seen. It may be much more challenging for bulls given that the most recent price does not appear to have formed a definite bottom.

From the start of 2023 till now, the highest volume level has been 3.24, which is somewhat more than the present price, according to the volume structure.

A potential trend reversal might be indicated by a bullish breakout over the high volume line, according to the Lucid Stock Price Prediction 2024. In order to confirm the long signal and aim for the 17.82 level, a successful breakout is required, with a daily candle above the 50-week EMA.

Lucid Group (LCID) Stock Price Prediction 2025

The price of Locid stock has dropped to an all-time low. Consequently, traders should keep a careful eye on the price action as it sets the bottom; a strong earnings report might lead to a price increase to the 30.92 level by the end of 2025.

There is no indication of purchasing pressure, and the current market movement is corrective, according to the weekly LCID price. Additionally, the 6.16 level has the highest volume since start, which may be an important level to examine. Breakout gains above the 50-week simple moving average (SMA), which is currently acting as resistance, would indicate a change in trend towards the upside.

The relative strength index (RSI) line revealed a V-shaped rebound after the most recent level hit a bottom at the 30.00 level. Nevertheless, the present level remains below the neutral line of 50.00, from which further downward pressure could ensue.

According to Lucid’s stock price prediction for 2025, a long signal might be formed if there is valid bullish pressure over the 6.50 level and consolidation, with the goal of reaching the 30.92 resistance level.

The weekly MACD Histogram, in contrast, is still above the neutral line, and the RSI is pointing upward from it. Then it can start falling again if the bulls can’t put together an upward continuation. But the MACD Histogram needs to bounce back below the neutral line before it can confirm the downward pressure.

Lucid Group (LCID) Stock Price Prediction 2030

In order to foretell a bull run in Lucid’s stock price, basic parameters must be met, such as positive earnings releases. Nevertheless, the continuous upswing in the electric vehicle market might be a long signal; if purchasing pressures rise over the 17.86 level, the price could reach the 33.57 level by 2030’s end.

Below the 20-month exponential moving average line, there is strong selling pressure, as shown on the monthly chart of LCID. Additionally, following a small swing high at the 17.86 level, the downtrend is believed to be continuing.

Given the lack of a meaningful bottom and the persistence of selling pressure, a bull run following a legitimate breakthrough could be in store. A long chance, aiming for the 45.00 level, can be opened by a bullish exhaustion at the top, with a monthly close above the 17.86 level.

The present price is trading at the discounted zone, which corresponds to the Fibonacci Retracement level between the all-time high and the low. Under such circumstances, a possible long signal might be any upward price movement in the lower period up until the price hits the 50% Fibonacci Retracement line.

Lucid Group (LCID) Stock Earnings History

Lucid Stock Price Prediction: Analyst and Expert

Depending on the course of the market, there may be a long opportunity when the Lucid Stock (LCID) trades at a historic low. Investors ought to keep an eye on the management’s decisions and the next set of quarterly financial results.

Let’s first see what experts have to say about the Lucid Stock Forecast for 2024, 2025, 2030, and Beyond before moving forward:

Is Lucid Stock a Good Investment？

Our short-term prognosis on the stock is negative, but our long-term outlook is quite optimistic. When it comes to expanding and innovating in the fiercely competitive self-driving car market, Lucid’s outstanding financial sheet with a substantial quantity of cash and zero debt is a huge asset.

We’re also amazed by how hard they’re working to improve society for the better, whether that’s by making roads safer, cutting down on traffic, or protecting the environment.

Companies like Google, Tasla Motors, Ford, GM, Uber, and many more have already garnered significant investment interest and Lucid will have to compete with them. However, Lucid is well positioned to become a leader in this industry thanks to its amazing technology, devoted management team, proven track record of success, and futuristic transportation vision.

Conclusion

Multiple fundamental and technical components are required for accurate stock price forecasting. Due to the lack of a sufficient number of available products, investing in Lucid Motors at this time is risky. If the price falls to new lows in the following months, however, the risk-to-reward ratio may increase. If the trend continues, this could be a fantastic long-term buying opportunity.

FAQs

1.Is Lucid a stock for long-term investment?

Lucid has long-term potential and is a worthwhile investment, but you are aware that every business carries inherent risks.

2.Can Lucid surpass the fastest-growing firm, Tesla?

Lucid is a newly established company on the market, whereas Tesla has been a well-known automobile manufacturer since 2003. People are obsessed with Tesla.

Therefore, it appears impossible for Lucid Motors to surpass its production and sales rate. Tesla requires 50 times more effort from Lucid.

3.What will Lucid’s stock be in ten years?

The estimated value of Lucid stock over the next ten years is $240, which may increase if the vehicle sales rate increases.