Rivian is still a young company trying to prove its model can make a profit. They have a pile of cash and along way until they can break even in their business model. Tangible book is all tangible assets minus liabilities. Tangible meaning physical and cash like assets but not including intangible like brands and patents. Tangible assets may also be a better...
Rivian Automotive is on the 0.5 Fibonacci level, approaching the top of the 2 month Channel Up with the 1D technicals on solid bullish levels (RSI = 61.905, MACD = 0.260, ADX = 28.294). We will short on the first red 1D candle and target the 1D MA50, where we will open a buy again. The target will be R1 (TP = 17.75). The long term trend on RIVN remains bearish...
Rivian Automotive (RIVN) stock has recently hit a new 52-week low due to various factors, making it a highly volatile investment. The company's lower-than-expected production output in 2023, cash burn rate, and intensifying EV truck market competition have contributed to this decline. RIVN's Q1'23 deliveries beat estimates, but its 9.39K quarterly production...
Looks like price formed a head and shoulders with a trendline break. Looking to get in on a retest around 19.50, this also depends on CPI data tomorrow.
After up is down, after down is up. The market is a lot simpler then most make it out to be. The R1S is a beautiful car and I see it in the streets. Rivian charging network is expanding and they’re releasing new models. Institutions are just shaking out weak hands, get your bags of rivian for these once in a lifetime low ass prices and diamond hand this shit....
Rivian Recalls its Vehicles Due to Loose Fasteners improperly that could cause excess wheel tilt and a potential loss of steering control. Buying a car from a new producer that doesn`t have experience in the market like the traditional ones, comes with a lot of risk involved, like the one mentioned above. I haven`t heard F Ford Motor Company, of which i`m bullish...
Another daily wolfe wave setup was triggered post midterms. The chart for RIVN is closing in on the 200 day ma which will act as short term resistance. Typically the first attempt usually rejects which will be approx at 37.4. Mid term tgt is estimated at $54 May 2023. With tax losses and Christmas rally into end of year, we should see most of the small caps...
If you haven`t sold RIVN Rivian after the bad news: Then looking at the RIVN Rivian Automotive options chain ahead of earnings, i would buy the $30 strike price Puts with 2023-6-16 expiration date for about $6.60 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%. Looking forward to read your opinion about it.
Last Week overview: - It is important to find Gaps in the candesticks. - Each gap WILL close eventually. - In this example we see the gap closed with a smallest touch, but nonetheless it HAS been closed. - Falling wedge followed by rising underlying asset.
This is a daily chart of EV manufacturer Rivian Automotive ( RIVN ). Price continues to consolidate as the moving averages converge. On the right-hand side is the indicator called the Visible Range Volume Profile (VRVP). This indicator provides a vertical histogram of volume. The volume bars help identify the price ranges where most volume has occurred, which...
The supreme Tesla giant has postponed its tremendous descent below $500 as the previously anticipated Extended Flat has turned out to be a Running Flat correction instead. With a level of concrete support established in the $700 range, the EV leader is now due for a new all-time high in its Wave 5 move which should allow Bulls to reach between $1700 and $2300 by...
Back in May we called for a short-term buy on Rivian (RIVN) but warned investors not to get overexcited: This time however we find quite a few reasons to be excited as following the break above its Falling Wedge, the stock formed a Channel Up that is about to break upwards on today's strong rise. Within this Channel, the price also succeeded in breaking above...
PROBABLE ACCUMULATION/ REDISTRIBUTION. if there is bad bias for the company---i still think we are bearish until there are clear signs of reversal. Therefore, its likely to see far more downside. I am just guessing around high volume; price will stop here and consolidate. THUS, I think Wyckoff will be better analysis for RIVIAN
Rivian Automotive (RIVN) is (for the time being) on a green 1D candle, the first after 5 straight bearish days. Its 1D RSI has rebounded from its massively oversold levels, the same levels that previously caused price increases of roughly +42% and +69% (Jan 27 and March 14). The rebound on the first sequence hit the 0.5 Fibonacci retracement level while the second...
$RIVN Rivian Oversold - Lockup Expiry Sell-Off This $20-$22 range looks like an attractive risk-reward scenario in my opinion. Insider/early investor lockup period expired earlier this week, driving the large sell volume yesterday. Big earnings call tomorrow reporting on a quarter where deliveries were ramping up - expecting a positive market reaction. For...
Zinc, Cobalt, Palladium, and Lithium are raw materials that go into batteries. The prices of these raw materials have skyrocketed. This means that electric vehicle producers that need these materials to make their batteries are about to see price increases for their products. Electric car makers like Tesla and Rivian will be forced to pass these prices onto...
Okay, this one is a bit different than my normal charts. Rivian Automotive only started trading late November of last year so there's not enough historical data to draw from to give a complete picture. However, RIVN is a high-profile startup in a hot industry with motivated billionaires backing it. It wants to be TSLA, but you wouldn't know it based on the 50%...
TSLA has been on a tear, but with all rip ups come a correction and that is what TSLA is in right now. We have finished off the A wave down and now into B wave (Fool's rally) to about $1100 before our C wave down.