Day Trading Goal
  • Investing
  • Economy
  • Editor’s Pick
  • Latest News
  • Investing
  • Economy
  • Editor’s Pick
  • Latest News
No Result
View All Result
Day Trading Goal
No Result
View All Result
Home Editor's Pick

Lucid stock price forms descending triangle ahead of earnings

admin by admin
July 10, 2025
in Editor's Pick
0
Lucid stock price forms descending triangle ahead of earnings
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Lucid Group stock price jumped sharply on Tuesday after the company received a Guinness World Record. LCID jumped to a high of $2.30, its highest point since May 30th, and nearly 20% above the lowest point this year.

Lucid Group stock jumps after  Guinness World Record

The main catalyst for the LCID stock price surge was the company’s achievement of a Guinness World Record. This happened after the company’s vehicle took a 747-mile or 1,200-kilometer trip on a single charge. It did that by traveling from St. Moritz and Munich. The company said:

“Our Lucid products combine world-class vehicle efficiency with the most advanced drive units, ultra-high voltage architecture, and battery management technology available today.”

The new milestone may help to boost Lucid Group’s sales over time since range anxiety is one of the biggest concerns that people have. For example, the longest range Tesla is the Model S, which has a 405 EPA estimated range, while BYD Tang has a 530-mile range. 

Lucid achieved the milestone a few days after it announced its June and second-quarter vehicle deliveries. It produced 3,863 vehicles and delivered 3,309 vehicles. For the first six months of the year, the company delivered 6,418 vehicles. 

These deliveries were higher than those it made in the same period last year when it delivered 2,394 vehicles. These deliveries were higher than expected, and is a sign that the company is seeing strong demand. 

The challenge, however, is that the company and other EV companies is that their growth may slow after Donald Trump signed the Big Beautiful Bill into law. This bill removes the $7,500 tax credit that customers receive now when they buy American-made EVs.

LCID earnings ahead

The next important catalyst for the Lucid Group will be EV earnings tht starts in less than two weeks. Tesla will go first and set the tone for what to expect in the industry.

Lucid Group’s quarterly results will come out on August 5. Yahoo Finance data shows that analysts expect its results to indicate a 43% increase in revenue to $288 million. 

They also expect the company to narrow its loss, with earnings per share coming in at a loss of 22 cents, down from 31 cents last year. Its annual revenue will be $1.39 billion, up by 71% from a year earlier.  The recently launched Gravity SUV will drive this revenue growth. 

Lucid Group made $235 million in the first quarter, an increase from the $172 million it made last year. It also narrowed its loss to $366 million from $680 million a year earlier. 

Lucid Group share price analysis

LCID stock chart | Source: TradingView

The daily chart shows that the LCID stock price has been in a downtrend in the past few years. It then bottomed at $1.93, where it failed to move below in November last year, March, and July this year. 

Lucid Group stock has remained below the 50-day and 100-day moving averages. Most notably, it has formed a descending triangle pattern, a popular bearish continuation sign. 

Therefore, the stock’s outlook is neutral for now. A move below the lower side of the triangle pattern will indicate further downside. On the other hand, a move above the descending trendline will confirm a bullish breakout and point to more gains to $4.42.

The post Lucid stock price forms descending triangle ahead of earnings appeared first on Invezz


Previous Post

Crypto rally: Here’s why Bitcoin and altcoins are going up today

Next Post

QuantumScape stock surges, but the risks are still high

Next Post
QuantumScape stock surges, but the risks are still high

QuantumScape stock surges, but the risks are still high

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • Trending
    • Comments
    • Latest
    Best crypto to buy as Fed officials hint at interest rate cuts

    Best crypto to buy as Fed officials hint at interest rate cuts

    June 24, 2025
    CAC 40 and DAX indices have crashed: buy the dip?

    CAC 40 and DAX indices have crashed: buy the dip?

    June 13, 2025
    Howard Schultz says he ‘did a cartwheel’ when Starbucks CEO Niccol coined ‘back to Starbucks’ strategy

    Howard Schultz says he ‘did a cartwheel’ when Starbucks CEO Niccol coined ‘back to Starbucks’ strategy

    June 13, 2025
    Walmart is using its own fintech firm to provide credit cards after dumping Capital One

    Walmart is using its own fintech firm to provide credit cards after dumping Capital One

    June 11, 2025
    QuantumScape stock surges, but the risks are still high

    QuantumScape stock surges, but the risks are still high

    0
    Procter & Gamble to cut 7,000 jobs as part of broader restructuring

    Procter & Gamble to cut 7,000 jobs as part of broader restructuring

    0
    Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

    Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

    0
    House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

    House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

    0
    QuantumScape stock surges, but the risks are still high

    QuantumScape stock surges, but the risks are still high

    July 10, 2025
    Lucid stock price forms descending triangle ahead of earnings

    Lucid stock price forms descending triangle ahead of earnings

    July 10, 2025
    Crypto rally: Here’s why Bitcoin and altcoins are going up today

    Crypto rally: Here’s why Bitcoin and altcoins are going up today

    July 10, 2025
    Top crypto price predictions: Pepe Coin, Stellar XLM, Zebec Network

    Top crypto price predictions: Pepe Coin, Stellar XLM, Zebec Network

    July 10, 2025

    Recent News

    QuantumScape stock surges, but the risks are still high

    QuantumScape stock surges, but the risks are still high

    July 10, 2025
    Lucid stock price forms descending triangle ahead of earnings

    Lucid stock price forms descending triangle ahead of earnings

    July 10, 2025
    Crypto rally: Here’s why Bitcoin and altcoins are going up today

    Crypto rally: Here’s why Bitcoin and altcoins are going up today

    July 10, 2025
    Top crypto price predictions: Pepe Coin, Stellar XLM, Zebec Network

    Top crypto price predictions: Pepe Coin, Stellar XLM, Zebec Network

    July 10, 2025

    Popular News

    QuantumScape stock surges, but the risks are still high

    QuantumScape stock surges, but the risks are still high

    July 10, 2025
    Lucid stock price forms descending triangle ahead of earnings

    Lucid stock price forms descending triangle ahead of earnings

    July 10, 2025

    Latest News

    • QuantumScape stock surges, but the risks are still high
    • Lucid stock price forms descending triangle ahead of earnings
    • Crypto rally: Here’s why Bitcoin and altcoins are going up today
    • Top crypto price predictions: Pepe Coin, Stellar XLM, Zebec Network

    About DayTradingGoal

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 Daytradinggoal.com All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Economy
    • Editor’s Pick
    • Latest News

    Copyright © 2025 Daytradinggoal.com All Rights Reserved.