Lucid FINALLY Ready to Move HIGHER │ Lucid Shorts RETURN 1.5M │ Next STOP for Lucid is..
Overall SentimentBullishStrength: 60%
Overall Thesis
Lucid is finally showing signs it wants to move higher with the Alma breakout, 1.5M short shares returned, and options consensus pointing to $2.64 near-term with $4.50 and beyond if Gravity confirms production and jobs data cooperates.
Narratives
LCIDLucid Motors
BullishLucid is getting above the Alma indicator for the first time in a while, with shorts returning 1.41M shares on a down day — suggesting bears are losing conviction. Options show $4.50 consensus for March 2025. The next FIB level is $2.64, and 50-day MA is at $2.71. Jobs data next week is the key macro event, and the Gravity production announcement remains the overriding near-term catalyst.
Key Arguments
- First time above the Alma indicator in recent weeks — signals technical bottoming
- Shorts returned 1.41M shares on a down day — unusual and bullish signal
- Options consensus at $4.50+ for March 2025
- FIB level at $2.64 as next near-term target, then $2.71 at 50-day MA
- Lucid advertising on Phoenix billboards targeting high-net-worth area — improved marketing
Analyzed with manual_claude_session | Extraction manual_v1 | Cost: —