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....
Rivian is an automotive technology company that develops products and services to advance the shift to sustainable mobility. The company creates solutions that redefine traditional automotive economics and remove the pain points of conventional ownership. It also manufactures autonomous electric vehicles intended to offer a comfortable and eco-friendly drive...
Rivian Automotive (RIVN) reached today as high as $16.35 following Volkswagen's $5 Billion investment and got just shy of our $17.00 long-term target, as we called on our last analysis (May 17, see chart below):
Despite the excellent news, we have to call for caution this time as the technicals come in center stage. As you can see, the prevailing long-term...
Rivian Automotive (RIVN) hit the $21.00 Target following our November 29 2023 (see chart below) buy call but even though it confidently broke above the Bearish Megaphone, the price corrected aggressively back even below the Higher Lows Zone:
The price is at the moment coming off an oversold 1D RSI Double Bottom, naturally below both the 1D MA50 (blue...
Rivian ( NASDAQ:RIVN ), the innovative electric vehicle (EV) maker, unveils its latest offerings - the smaller and more affordable "R2" SUVs and "R3" crossovers, signaling a strategic shift in response to changing market dynamics within the EV industry.
Key Highlights:
- Rivian's ( NASDAQ:RIVN ) introduction of the R2 SUVs, priced at $45,000, aims to address the...
Rivian Automotive (RIVN) has been trading within a Channel Down pattern since the September 15 2022 High. The price action has been below the 1D MA50 (blue trend-line) for more than 3 months (January 11) and with such aggressive selling, the price is approaching the bottom of the pattern.
With the 1D RSI on Higher Lows (Bullish Divergence) we expect a...
Rivian Automotive Inc., ( NASDAQ:RIVN ) to cut 10% of its salaried workforce and set production guidance well below Wall Street’s expectations as the maker of electric vehicles grapples with stagnant demand and economic turbulence.
Rivian Automotive Inc., ( NASDAQ:RIVN ) will build 57,000 vehicles this year, roughly in line with its 2023 output, according to a...
Rivian has found support inside April's HL Zone while the 1D RSI flattened. The 1D technical outlook is only slightly bearish (RSI = 42.485, MACD = -1.120, ADX = 38.728) despite being inside a Channel Down since July 27th. Technically it is replicating the January-April correction, which eventually bottomed when the 1D RSI flattened.
We use the 1D MA200 rejection...
Rivian Automotive (RIVN) hit the Higher Lows Zone and the 1D MACD is close to forming a Bullish Cross. This is a strong bullish combo signal but attention is needed as the price is below both the 1D MA200 (orange trend-line) and the 1D MA50 (blue trend-line).
The pattern since the July 27 top is a Bearish Megaphone and Tuesday's low isn't only a Higher Low on the...
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) 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...
Rivian (NASDAQ: NASDAQ:RIVN ) has been a roller coaster since its initial public offering (IPO) in late 2021. Except it's only been one part of the roller coaster ride: the part where it sharply drops. Rivian has shed roughly 80% of its value since its IPO, but as the company heads into 2024 with some momentum, is the time finally right for investors to jump...
Rivian Automotive (RIVN) couldn't have been giving us more accurate signals since May (see charts below), as not only did we get a timely entry at the bottom (chart 1, May 17) but also sold at the very top (June 26 chart 2) of the Channel Down:
Right now we face a technical similarity with September 2023, exactly 1 year ago, where the price failed to...
Rivian (NASDAQ: RIVN) stock is trading above its 10-day, 20-day, and 50-day exponential moving averages (EMAs), indicating an upward trend. The 10-day EMA is acting as a dynamic support level, while the 50-day EMA is acting as a long-term trend line.
The stock is also above its 200-day simple moving average (SMA), which is a bullish sign. However, the stock is...
Rivian (RIVN) gave us a great break-out buy entry on our previous November 29 analysis (see chart below) as it broke above the Inner Lower Highs and hit our $21.00 target:
The pattern that is now dominating the 1D log chart is a Channel Up. The 1D MA50 (blue trend-line) is about to negate the recently made Death Cross and cross back again above the 1D MA200...
Rivian Automotive (RIVN) remained supported within the (green) Higher Lows Zone and on a significant Bullish Divergence on the 1D RSI (in the form of a Channel Up). This is an early bullish sentiment signal but the real technical catalyst is right ahead.
That is the Triple Resistance zone consisting of the Inner Lower Highs trend-line as well as the 1D MA200...
Rivian Automotive (RIVN) broke yesterday below the Higher Lows 1 trend-line, which was supporting since the June 27 Low. With a clear rejection on the 1D MA50 (blue trend-line) the day before, this bearish break-out may create a Channel Down that could target the Higher Lows 2 trend-line. Until then, we have the critical 1D MA200 (orange trend-line) Support to...
Rivian stock RIVN has rallied 5.87% Wednesday to close at $64.53. The stock has shown some strength recently aiming for the downward trend’s reversal after confirming the formation of both; higher low, and a bottoming reversal pattern.
The stock RIVN could extend its rally hitting 23.60% Fibonacci retracement level that corresponds to the reversal pattern’s...
