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RIVN

RIVN reverses to upside LONGIn my previous idea, RIVN was short from the highs. That position was closed today as RIVN fell below the target. I now based on this idea have a long position. RIVN's move the second half of today's session was supported by a strong bullish move in the general market from the federal financial data principally the jobs report. On the 15-minute chart, RIVN formed a head and shoulders from January 29-31. The previous trade was from the top of the right shoulder until this morning when RIVN was progressing through a double bottom which intraday formed a " W" or " reverse cowgirl " pattern. The bearish ( selling only ) volume profile shows high-volume nodes at 15.8 and 16.0 so these are my targets. Price is above the POC line of the volume profile which is a bullish bias. Price is currently near to the level of a standard Fibonacci retracement of the previous downtrend I will take a long trade with targets as mentioned. The ideal entry is at 15.62 above a bearish high-volume node. Additionally, I will take a call option striking 16 for February 9th. As an aside, FSR is presenting a similar chart pattern and set up at a much lower price point . However, as a penny stock FSR has higher volatilities and may represent a lower probability overall. A trader may want to take a small position in each and see how they do.
NASDAQ:RIVNLong
by AwesomeAvani
9
RIVN rises with LCID while FSR fails LONGRIVN popped today while FSR got halted and will be delisted. The 4H chart with BB and a predictive algo added suggest it has room to 13.25. The indicators are supportive of that forecast. I will take a long position here with a stop loss under the lower BB line. As to my FSR put options I will watch them rise until expiration time. No hurry. No worry there. RIVN's new models and FSR's demise should help for some bullish momentum until RIVN catches a bit of FSR''s issues.
NASDAQ:RIVNLong
by AwesomeAvani
Rivian Introduces Affordable R2 SUV and R3 CrossoversRivian ( 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 slowdown in EV demand exacerbated by high interest rates. - The decision to produce the R2 at Rivian's existing facility in Illinois reflects a strategic pivot to ensure timely deliveries by 2026 while reducing capital expenditure and mitigating launch risks. - Rivian anticipates saving over $2.25 billion through this decision, reaffirming its commitment to fiscal prudence and operational efficiency. - The R2, a five-seater variant offering over 300 miles of range, is poised to play a pivotal role in Rivian's success amidst intensifying competition in the EV market. Challenges and Opportunities: Rivian ( NASDAQ:RIVN ) acknowledges the hurdles in ramping up production and stimulating demand beyond early adopters, particularly in the SUV and pickup segment. The unveiling of the R3 crossover and its more potent variant, R3X, underscores Rivian's proactive approach to diversifying its product lineup and appealing to a broader customer base. With SUVs and crossovers gaining traction in the U.S., Rivian's strategic focus on affordability and versatility positions it to capitalize on evolving consumer preferences and foster widespread EV adoption. Future Outlook: Rivian's foray into the mid-priced EV market signifies a pivotal moment in its growth trajectory, signaling its commitment to democratizing electric mobility. As Rivian ( NASDAQ:RIVN ) navigates the complexities of production scalability and market penetration, its ability to offer compelling EV solutions at scale will be instrumental in reshaping the automotive landscape. Conclusion: Rivian's ( NASDAQ:RIVN ) unveiling of the R2 SUVs and R3 crossovers marks a significant milestone in its quest to redefine the EV market. By prioritizing affordability, adaptability, and innovation, Rivian ( NASDAQ:RIVN ) demonstrates its unwavering commitment to driving sustainable mobility and shaping the future of transportation.
NASDAQ:RIVNLong
by DEXWireNews
FSR is driving to its earnings LONGFSR is shown here on a 30 minute chart on the move up in the approach to earnings on February 29th. For comparison purposes only TSLA is shown sideways with the purple line. FSR has started a VWAP band breakout into the area of the mean anchored VWAP where it could pick up institutionally based trader interest. The growing volumes of trading are obvious and lend further support to taking a position. I will long long here with both shares and options as a pre-earnings play. The call options for mid-March are $ 6.00 per contract.
FLong
by AwesomeAvani
8
Rivian ($RIVN) Rebounds From Record Low In Premarket MoveShares of Rivian Automotive, Inc. ( NASDAQ:RIVN ) rose in premarket trading on Monday after the battering they received last week in the aftermath of the electric vehicle startup's quarterly report. The stock plummeted by about 38% in the week ended Feb. 23 and closed at a record low after the company announced 2024 deliveries guidance that fell notably below Street expectations. Following the earnings, sell-side analysts lowered their forward estimates for the company and, as an extension, their price targets for the stock. Rivian Inc. ( NASDAQ:RIVN ) also suffered downgrades in the hands of JPMorgan, UBS and Truist Securities. JP Morgan downgraded the stock from Neutral to Underweight and reduced its price target from $20 to $11. UBS downgraded the stock from Buy to Sell and lowered the price target from $24 to $28. Truist cut its rating on the stock from Buy to Hold and took down the price target from $26 to $11. Monday's rebound could be because the sell-off may have been overdone. Following last week's dismal stock performance, Tesla investor Gary Black defended the company. He flagged the company's likelihood of emerging as a credible number two to Tesla by 2030. The company has a key catalyst in the near term as the Irvine, California-based company gears up to launch its second-gen R2 low-priced EV on Mar. 7. For a reversal, the stock should fill the gap formed when it gapped down following the quarterly results and go past a key resistance around the $16 area. The stock is currently in oversold territory, going by its relative strength index. In premarket trading, Rivian ( NASDAQ:RIVN ) rose 1.09% to $10.18 and suddenly plummeted by about 2%.
NASDAQ:RIVN
by DEXWireNews
RIVN guides itself lower- but is it a dip buy? SHORTRIVN spends more to produce of its nice truck than it sells them for. This is a recipe for a disaster which is now baking in the oven Earnings have plummeted. If guidance was better than realities forecast there might be a dip buy here. i have a variety of positions shorting RIVN when it runs a countertrend correction I will take a hedging long position until the correction is over. I use these shorts to balance my portfolio against risk from an overall falling market. Balanced in short vs long positions dollar for dollar and in the options balanced in expiration times spread across the next almost two years. I find this keeps the portfolio safe. I also look to LCID for a similar scenario while having a bullish bias on WKHS. NKLA is a whole 'nother story. SHORT RIVN do not dip buy . The chart is what you might expect. The disaster is what it is. This is basically a falling wedge and no where near impending a breakout upside.
NASDAQ:RIVNShort
by AwesomeAvani
FSR increasing volatility as earnings approach LONGFSR is on 15 minute chart. It has been in a down trend. However, as the earnings report due on Feburary 29th is near, trader interest has caused some buying volume spikes and upward price movement closing in a bull flag pattern after the squeeze indicator triggered several times and with the last a green histogram reflecting upward price action. The price-volume trend reversed bearish to bullish. I see this as a setup for a long trade of FSR into the earnings. In watching for an options setup I noted that the strike $0.50 same day expiration on 2/23 this past Friday went 0.03 to 0.12 nearly 375% while the same for 3/1 went 0.09 to 0.16 or about 75%. Al in all not matter shares or options, I see FSR as a set up for a long pre-earnings trade.
FLong
by AwesomeAvani
Rivian Plans Cut to 10% of Salaried Staff 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 statement Wednesday that also detailed fourth-quarter results. The forecast fell far short of analysts’ average estimate of more than 80,000 units in 2024. “Our business is not immune to existing economic and geopolitical uncertainties,” Chief Executive Officer RJ Scaringe said on a conference call. “Most notably, the impact of historically high interest rates, which has negatively impacted demand.” Rivian’s shares fell 16% to $12.98 as of 6:32 p.m. after regular trading in New York. Rivian ( NASDAQ:RIVN ) had already tumbled 34% this year through Wednesday’s close. Rivian ( NASDAQ:RIVN ) expects an adjusted loss before interest, taxes, depreciation, and amortization of $2.7 billion for the full year. That outlook underscores the challenge of scaling production and stemming losses in an environment of waning consumer demand for battery-powered vehicles. The automaker has aimed to challenge EV market leader Tesla Inc. following Rivian’s blockbuster stock listing in 2021, but it has since dealt with supply-chain woes and other challenges. The layoffs, part of an aggressive cost-cutting effort, follow job reductions last year and in 2022. Capital expenditures this year will rise to more than $1.7 billion, Rivian ( NASDAQ:RIVN ) said, up from a little over $1 billion in 2023. It had initially forecast spending on the order of $2 billion last year. Rivian ($RIVM) builds two consumer EVs and a battery-electric delivery van at a sole plant in Normal, Illinois. There’s a second factory in the works near Atlanta, where it plans to build its first mass-market, lower-priced EV starting in 2026. Rivian Automotive Inc., ( NASDAQ:RIVN ) reported an adjusted loss last quarter of $1.36 a share, compared with an average $1.33 deficit in estimates. Revenue of $1.32 billion narrowly topped expectations. Rivian ( NASDAQ:RIVN ) lost more than $40,000 on every vehicle it delivered in the last three months of the year, more than the loss of a little over $30,000 per vehicle in the third quarter. The company attributed that, in part, to delivery of fewer lower-cost vans to Amazon.com. The quarterly loss showed improvement compared with the $124,000 it lost on every vehicle a year ago due to supply chain issues.
NASDAQ:RIVN
by DEXWireNews
RIVIAN Is this earnings slump a buy opportunity in disguise?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. That gives a floor price of $12.75, with only weekly closings below it being potentially dangerous for disrupting the long-term outlook. An oversold 1D RSI (at or below 30.00) is a technical buy entry and there are two bullish scenarios unfolding for Rivian one on the short and one on the medium-term. The short-term scenario includes a +62.74% like the November 10 2023 - December 20 2023 rebound, with a $21.00 Target, which would make a 1W MA100 (yellow trend-line) test. The medium-term scenario is modelled out of the April 26 2023 - July 27 2023 rise which rallied by +142.79% to the 1.382 Fibonacci extension. A repeat of that gives us a 2nd Target at $31.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:RIVN
by TradingShot
RIVN Rivian Automotive Options Ahead of EarningsIf you haven't sold RIVN after the Recall of Its Vehicles Due to Loose Fasteners: nor reentered the Double Bottom: Then analyzing the options chain and the chart patterns of RIVN Rivian Automotive prior to the earnings report this week, I would consider purchasing the 16usd strike price Calls with an expiration date of 2024-3-1, for a premium of approximately $1.55. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NASDAQ:RIVNLong
by TopgOptions
RIVN a short entry on the rejection by VWAP SHORTPIVN on the 15-minute chart was trading up against the dominant supertrend from last Thursday. Mid-morning price hit the resistance of the intermediate term mean anchored VWAP and reversed as suggested yesterday by the bearish divergence on the zero-lag MACD. Tomorrow is federal news which could increase general market volatility. I see a short trade targeting 15.25 in the area of the bottom of two-volume profiles anchored back 2 weeks. The stop loss is 15.9 at the highs of nearby candle wicks. Once the the move gets underway, those already in long positions may close to take profit and add into any short selling underway.
NASDAQ:RIVNShort
by AwesomeAvani
LCID SHORT on VWAP rejecting price rise.In my previous idea of January 29, I bought LCID as it broke out of a falling wedge on news from Saudi Arabia fixing supply chain and production issues for body parts. LCID ascended the following day to fall down on rejection from the mean VWAP band line anchored in mid- December. On the 4H chart, another smaller and more condensed falling wedge is found and price is moving down toward the one standard deviation line below the mean VWAP ( the jagged blue line ) which is now horizontal. The last candle is red and narrow bodied. It is near the top of the channel. Trade plan- I will short LCID here and add to the position each time price returns to the top of the channel as monitored on a lower time frame such as 15-45 minutes. I will watch for a reversal of the down-trending lines of the zero-lag MACD and a cross at the bottom. Similarly for the RSI indicator and its green fast and red slow line in the range of RSI value of 20-35. Likewise, if price rises above the channel in an early breakout, the trade is over as the downtrend is correcting again. If the price were to break resistance of the mean VWAP zone, this would represent a break of the down supertrend and could cause a bit of a short squeeze to get underway. If I see that, I will get into a long position with more position size as it could become lucrative.
NASDAQ:LCIDShort
by AwesomeAvani
RIVIAN Low risk buy opportunity at least on the short-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 trend-line) and 1D MA200 (orange trend-line). Even though the long-term pattern remains a Channel Up (blue), we have to consider the possibility of the (dashed) Channel Down breaking below it and establishing a new long-term trend. Until that happens, this is a short-term buy opportunity, with our Target being $23.00, right at the top of the Channel Down, on the (dotted) median of the Channel Up, representing a +62.17% rise from the Channel's bottom, similar to the December 26 2023 Lower High (peak). If then we get a 1W candle closing above the 1W MA100 (yellow trend-line), which will be the stock's first time to do so, we will buy the bullish break-out and pursue our long-term Target of $35.50, which will represent a +142.79% rise from the bottom, similar to the last Bullish Leg of the long-term Channel Up that peaked on July 27 2023. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:RIVNLong
by TradingShot
2
RIVN Is Rivian the next TSLA?Yesterday, I observed some unusual blocks of calls in the options chain expiring on Feb 23, following the earnings release. One of the most substantial positions was in the $20 strike price call, with options traders paying $1.7 million in premium. Listening to analysts, some mentioned they expect a 'TSLA Model 3 moment' from RIVN as well. In addition to Amazon, which has agreed to purchase 100,000 delivery vans from Rivian, AT&T is set to acquire its electric vans and R1 vehicles in a new pilot program starting in early 2024. On the other hand, the CEO stated that he anticipates Rivian reaching a break-even point on each EV built by the end of this year. We will likely hear more about this on the earnings call. I am extremely bullish on Rivian's upcoming earnings release!
NASDAQ:RIVNLong
by TopgOptions
RIVIAN Channel Up targeting $35.50Rivian (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 (orange trend-line) to form a Golden Cross. This will be a strong bullish continuation signal for the current bullish leg of the Channel Up. We are bullish again on this stock, targeting $35.50, which is the 1.382 Fibonacci extension, the Feb level where the previous Higher High was made. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:RIVNLong
by TradingShot
3
$OSK Breaking Out of Flag Formation?NYSE:OSK Here is another play on electrified specialty vehicles. Check out their website www.oshkoshcorp.com Pretty cool stuff. I have been watching this one for a good entry since earnings on Oct 23rd. I missed the pullback breakout on Nov 13th, but it has pulled back again and looks to be breaking back above that pullback. I have started ¼ sized position and I will place my stop just below today’s low of day. I do not expect this to be barn burner but a 10% to 20% gain over the next 2 months seems reasonable. I think it can get back to the double top highs from September. All TBD. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
NYSE:OSKLong
by jaxdog