Rivian Automotive (RIVN) missed earnings by $0.01 and that is expected to put extreme pressure on the stock price on the short-term. However, are those short-term tensions a buy opportunity in disguise?
Well for the long-term, Rivian remains within our technical model as every significant correction since the start of 2023 has been within the -47% and -48% range....
NEWS
Rivian Automotive Inc's made the decision to issue $1.5 billion worth of convertible green bonds.Here's a breakdown of what's happening:
Share Price Drop: Rivian's stock price plummeted by over 20% on the day of the announcement. It's the most significant daily percentage decline for the company's shares since May of the previous year.
Convertible Green...
Today, I would like to draw your attention to an intriguing market trend that has caught the attention of many investors - the outperformance of RIVN stock compared to TSLA, despite RIVN's ongoing cash burn. While this phenomenon may raise eyebrows, it is essential to approach it with a cautious and analytical mindset. Let's delve into the reasons behind this...
Honestly i think they are ugly but have seen 5 Rivns in my area the last few months. Pretty epic IHS pattern forming.... Been DCAing last 3 months...Adding here.
after the recent trendline break, I believe we could see this stock pushing further down into new territory. looking for a retest before entering a short position.
Default target atm is the 618
Two possible timeframes depending on the momentum.
I think the '24 time target makes more sense
After it bottoms around ~11.6, and makes its first high, we'll get a better reading.
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...
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...
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...
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...
