Swing Trader: Deep Trend Analysis v.2 (TA) Bot Generates Impressive +5.58% Gain on LCID, Positive MACD Signals Potential Upside
The Swing Trader: Deep Trend Analysis v.2 (TA) bot, which has garnered attention for its exceptional performance. In the previous week, this bot factory achieved a remarkable +5.58% gain while trading LCID (Lucid Group Inc.) - a stock that has been exhibiting interesting market dynamics. This article delves into the recent earning results of LCID, analyzes the significance of the Moving Average Convergence Divergence (MACD) turning positive, and explores the potential implications for future price movements.
Earning Results:
On May 8, LCID released its latest earnings report, which revealed an earnings per share (EPS) of -43 cents, falling short of the estimated -38 cents. This discrepancy suggests that the company's financial performance did not meet market expectations. Despite this, it is important to consider other factors when evaluating LCID's potential for growth.
Positive MACD and Historical Analysis:
Of particular interest is the recent development in LCID's MACD, which turned positive on June 28, 2023. Historical analysis demonstrates that in 21 out of 23 cases where LCID's MACD turned positive, the stock continued to rise over the subsequent month. This statistical observation provides compelling evidence that the odds of a continued upward trend for LCID are approximately 90%. Investors and traders should take note of this promising indicator and carefully consider its implications.
Market Capitalization and Potential Upside:
Currently, LCID boasts a market capitalization of 16.85 billion USD, with 5.75 million shares outstanding. While market capitalization alone does not dictate future stock performance, it is an essential metric for gauging a company's overall valuation and potential upside.
The utilization of AI trading robots, such as the "Swing Trader: Deep Trend Analysis v.2 (TA)" bot, has demonstrated its ability to generate impressive gains in the stock market. The recent positive MACD for LCID, coupled with historical analysis indicating a high probability of continued upward movement, suggests a potential opportunity for investors.
LCID's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for LCID turned positive on September 29, 2023. Looking at past instances where LCID's MACD turned positive, the stock continued to rise in of 25 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where LCID's RSI Oscillator exited the oversold zone, of 23 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 39 cases where LCID's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where LCID advanced for three days, in of 149 cases, the price rose further within the following month. The odds of a continued upward trend are .
LCID may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 07, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on LCID as a result. In of 48 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent 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 22, 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.
Fundamental Analysis (Ratings)
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 (2.118) is normal, around the industry mean (6.790). P/E Ratio (10.309) is within average values for comparable stocks, (20.513). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.668). LCID has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.040). P/S Ratio (13.123) is also within normal values, averaging (51.841).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to slightly better than average 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.
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High and low price notable news
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Fundamental Analysis Ratings
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General Information
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LCID and
Correlation & Price change
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.
| Ticker / NAME | Correlation To LCID | 1D Price Change % | ||
|---|---|---|---|---|
| LCID | 100% | +0.90% | ||
| RIVN - LCID | 66% Loosely correlated | +5.24% | ||
| FSR - LCID | 59% Loosely correlated | +0.31% | ||
| TSLA - LCID | 53% Loosely correlated | +1.59% | ||
| NIO - LCID | 50% Loosely correlated | +1.46% | ||
| PSNY - LCID | 46% Loosely correlated | +3.53% | ||
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