After Plunging 30.7% in 4 Weeks, Here's Why the Trend Might Reverse for Lucid Group (LCID)

Core Viewpoint - Lucid Group (LCID) has experienced significant selling pressure, resulting in a 30.7% decline in stock price over the past four weeks, but analysts anticipate improved earnings in the near future [1] Group 1: Technical Analysis - The Relative Strength Index (RSI) indicates that LCID is currently in oversold territory with a reading of 27.19, suggesting a potential trend reversal [2][5] - RSI is a momentum oscillator that helps identify whether a stock is overbought or oversold, with values below 30 typically indicating an oversold condition [2][3] Group 2: Fundamental Indicators - Analysts have raised earnings estimates for LCID by 0.1% over the last 30 days, reflecting a consensus among sell-side analysts that could lead to price appreciation [7] - LCID holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, indicating strong potential for a turnaround [8]