Technical Analysis for RIVN - Rivian Automotive, Inc.

Grade Last Price % Change Price Change
F 10.13 -0.69% -0.07
RIVN closed down 0.69 percent on Thursday, May 16, 2024, on 77 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. It ran into resistance at its 50 day moving average.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
50 DMA Resistance Bearish 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Evening Star Bearish -0.69%
Fell Below 50 DMA Bearish -0.69%
Wide Bands Range Expansion -0.69%
Upper Bollinger Band Walk Strength -9.47%
Wide Bands Range Expansion -9.47%
Above Upper BB Strength -9.47%

   Recent Intraday Alerts

Alert Time
Down 1% about 4 hours ago
Possible NR7 about 6 hours ago
Rose Above 50 DMA about 9 hours ago
Fell Below Previous Day's Low about 10 hours ago
50 DMA Resistance about 10 hours ago

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Profile

Rivian Automotive, Inc. develops and manufactures electric adventure vehicles. It offers five-passenger pickup trucks and sports utility vehicles. The company provides electric SUVs and electric pickup vehicles. The company was founded in 2009 and is based in San Jose, California. It has additional facilities in Irvine, Carson, and Palo Alto, California; Normal, Illinois; Woking, United Kingdom; Plymouth, Michigan; Vancouver, Canada; and Wittman, Arizona.
Classification

Sector: Consumer Cyclical
Industry: Auto Manufacturers
Keywords: Nasdaq 100 Transport Electric Vehicle Cars

Is RIVN a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Comments

C

CleverHamster476 4 months ago

Some looking to push price lower to buy the dip because they know Rivian will be up at least 100% in 2-3 years. Not going to be Tesla 2.0, but very possibly 1.5.

Stock will also absolutely jump to 22+ after official earnings.  

0 Reply
T

TraderMike 4 months ago

I've lost interest in it now that it's fallen under its 50 day moving average.  🤷

0 Reply
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TraderMike 4 months ago

This stood out to me when I ran a Combo Scan combining 'Down 3 Days in a Row and Hammer Candlestick"  I was long RIVN for that last push in December, so it's fresh in my mind and still on one of my watchlists.  This perfectly filled the mid-December gap and bounced a bit today.  The gap down yesterday is worrisome but I may buy it if it rises above the high of today's hammer

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Indicators

Indicator Value
52 Week High 28.05
52 Week Low 8.26
Average Volume 45,341,332
200-Day Moving Average 16.71
50-Day Moving Average 10.27
20-Day Moving Average 9.69
10-Day Moving Average 10.36
Average True Range 0.71
RSI (14) 50.74
ADX 22.42
+DI 32.63
-DI 26.27
Chandelier Exit (Long, 3 ATRs) 10.01
Chandelier Exit (Short, 3 ATRs) 10.43
Upper Bollinger Bands 11.21
Lower Bollinger Band 8.16
Percent B (%b) 0.65
BandWidth 31.43
MACD Line 0.12
MACD Signal Line -0.04
MACD Histogram 0.1583
Fundamentals Value
Market Cap 9.62 Billion
Num Shares 950 Million
EPS -6.02
Price-to-Earnings (P/E) Ratio -1.68
Price-to-Sales 4.22
Price-to-Book 1.46
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 10.63
Resistance 3 (R3) 10.66 10.54 10.54
Resistance 2 (R2) 10.54 10.41 10.52 10.51
Resistance 1 (R1) 10.33 10.33 10.27 10.30 10.49
Pivot Point 10.21 10.21 10.18 10.19 10.21
Support 1 (S1) 10.00 10.08 9.94 9.97 9.77
Support 2 (S2) 9.88 10.00 9.86 9.75
Support 3 (S3) 9.67 9.88 9.72
Support 4 (S4) 9.64