RIVN could be an opportunity!
Fundamentals :
RIVN is set to report earnings two days after the elections. In a recent podcast with Joe Rogan, presidential candidate Donald Trump repeatedly emphasized his intention to impose tariffs on manufacturers outside of the US. If implemented, these tariffs could give a competitive edge to domestic electric vehicle (EV) manufacturers like 
TSLA, RIVN, 
F, 
GM, etc.
Increased competition in the EV market could drive consumer adoption, providing more choices and potentially expanding the market share for companies like RIVN. Given its current valuation, and assuming the earnings report—especially revenue—shows resilience, RIVN could present a solid growth opportunity at these levels.
Technicals :
Following a gap (marked on the chart by an arrow) and recent bearish news, the price quickly filled the gap. For nearly a month, the stock has been consolidating within a tight range of $10–$11.
Yesterday, an attempted breakout lacked volume, which aligns with market caution ahead of both the elections and the earnings release. However, a large move in response to the news appears likely, andRIVN is well-positioned for a strong reaction.
The TTM squeeze indicator reflects this setup, with an orange dot signaling that Bollinger Bands are within the first Keltner Channel—a sign of reduced price volatility and increased breakout potential. With downside momentum easing, the setup looks favorable for upside movement. Additionally, the $9.85 support level has held strong since May, further reinforcing this base.
Today, I’m watching for a small breakout and a retest of the top range. If that level holds, I’ll go long with near-term profit targets at $13.5–$14.
RIVN is set to report earnings two days after the elections. In a recent podcast with Joe Rogan, presidential candidate Donald Trump repeatedly emphasized his intention to impose tariffs on manufacturers outside of the US. If implemented, these tariffs could give a competitive edge to domestic electric vehicle (EV) manufacturers like TSLA, RIVN, F, GM, etc.Increased competition in the EV market could drive consumer adoption, providing more choices and potentially expanding the market share for companies like RIVN. Given its current valuation, and assuming the earnings report—especially revenue—shows resilience, RIVN could present a solid growth opportunity at these levels.
Technicals :
Following a gap (marked on the chart by an arrow) and recent bearish news, the price quickly filled the gap. For nearly a month, the stock has been consolidating within a tight range of $10–$11.
Yesterday, an attempted breakout lacked volume, which aligns with market caution ahead of both the elections and the earnings release. However, a large move in response to the news appears likely, and
RIVN is well-positioned for a strong reaction.The TTM squeeze indicator reflects this setup, with an orange dot signaling that Bollinger Bands are within the first Keltner Channel—a sign of reduced price volatility and increased breakout potential. With downside momentum easing, the setup looks favorable for upside movement. Additionally, the $9.85 support level has held strong since May, further reinforcing this base.
Today, I’m watching for a small breakout and a retest of the top range. If that level holds, I’ll go long with near-term profit targets at $13.5–$14.
Note
As soon as we hold 10.25, long becomes more appealing. If Price breaks 10.65 it would be a good long.Order cancelled
The Market did not like the Election of Trump for EVs. Purely from price action perspective, RIVN is not a a long till it tests 9$ and shows strength.
But still we have earnings report tomorrow, but the bearish price action makes it more difficult for an abnormal up move, except if earnings are exceptionally good.
I advice patience and do not gamble with the earnings announcement
Note
RIVN now really looks bullish, it did a false breakout to the downside. TTM as well as the MACD say the momentum is to the upside. Also, price did not make any significant move and it is in a tight range for if you look at the weekly chart.
Above 11.30 is a long
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.