"Swing Trader: Deep Trend Analysis v.2 (TA)" has emerged as one of the top performers. With its remarkable ability to analyze market trends and make strategic trading decisions, this trading robot recently achieved a notable gain of +5.43% while trading LCID (Lucid Group Inc.) over the previous week. However, recent indicators suggest a potential downward shift for LCID, urging traders to exercise caution and consider appropriate actions.
Declining Momentum Indicator Raises Concerns:
On June 16, 2023, LCID's Momentum Indicator dropped below the crucial 0 level, signaling a potential change in the stock's direction. This downward movement could indicate a shift towards a new bearish trend. Traders are advised to closely monitor the stock and evaluate selling options or exploring put options. Tickeron's A.I.dvisor, an artificial intelligence-powered investment analysis tool, observed 42 similar instances in the past when the Momentum Indicator turned negative. In a staggering 39 out of 42 cases, the stock continued to decline in the following days. As a result, the probability of a decline in LCID's stock price is estimated at a high 90%.
Earnings Report Analysis:
LCID's most recent earnings report, released on May 8, revealed earnings per share (EPS) of -43 cents, falling short of the estimated -38 cents. This deviation from the expected earnings could impact investors' confidence in the company's financial performance. Furthermore, considering the 43.02 million shares outstanding, the current market capitalization of LCID stands at 13.01 billion.
While Swing Trader: Deep Trend Analysis v.2 (TA) showcased impressive gains of +5.43% in its trading of LCID, the declining Momentum Indicator raises concerns about the stock's future performance. With historical data indicating a strong correlation between negative Momentum Indicators and subsequent price declines, traders are advised to exercise caution and carefully evaluate their investment decisions.
LCID saw its Momentum Indicator move below the 0 level on September 07, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 48 similar instances where the indicator turned negative. In of the 48 cases, the stock moved further down in the following days. The odds of a decline are at .
The Moving Average Convergence Divergence Histogram (MACD) for LCID turned negative on September 18, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 26 similar instances when the indicator turned negative. In of the 26 cases the stock turned lower in the days that followed. This puts the odds of success at .
The 10-day moving average for LCID crossed bearishly below the 50-day moving average on August 15, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 7 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where LCID declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for LCID entered a downward trend on September 19, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Indicator entered the oversold zone -- be on the watch for LCID's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where LCID advanced for three days, in of 147 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.107) is normal, around the industry mean (6.881). P/E Ratio (10.309) is within average values for comparable stocks, (20.943). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.679). LCID has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.040). P/S Ratio (13.038) is also within normal values, averaging (55.170).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. LCID’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. LCID’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 85, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
A.I.dvisor indicates that over the last year, LCID has been loosely correlated with RIVN. These tickers have moved in lockstep 66% of the time. This A.I.-generated data suggests there is some statistical probability that if LCID jumps, then RIVN could also see price increases.