Rivian price discovery modeRivian (RIVN) went public on Nov. 10, 2021 at an initial offering price of $78. Rivian is still in it's price discovery mode since. Rivian currently makes the R1S sport utility vehicle, R1T pickup truck and a delivery van for Amazon. It's planned production is 25,000 for 2022. The company said yesterday it had made 2,553 and delivered 1,227 cars in the first quarter. I'm starting to look for a bullish entry, but that will take planning, patience and time. Here's levels on the 4hr chart:
R3 = $58.18
R2 = $55.23
R1 = $52.27
pivot = $49.31
S1 = $46.35
S2 = $43.39
S3 = $40.43
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
RIVN trade ideas
RIVIAN is short-term bullish but don't get overexcited.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 hit the 0.618 Fib.
Right now those levels are at $38.22 and $42.63. However those aren't just above the Falling Wedge pattern that has directed the trend since mid-February, but also above the 1D MA50 (blue trend-line) which hasn't allowed any 1D candle closing above it and in fact had a strong rejection on March 30, which is the current Resistance and formed the last Lower High of the Falling Wedge.
As a result, we are setting lower targets on this expected short-term rebound. A new +69% rise puts our Target at $33.00, which is a level where the price may make contact with the 1D MA50. On the long-term, the trend remains bearish, especially within the Falling Wedge, unless the price breaks above the last Lower High and 56.90 Resistance, which is where the 1D MA100 (green trend-line) currently is.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
Rivian problem continuesAlright This is my personal analysis which I am sharing if it is helpful at all
If you are long in Rivian and you don't want to hear the other side, please do not read this anymore. It will disappoint you
The best thing about the stock market is ONLY one thing, what is that?? The price moves in waves, nothing goes straight down or up but if you have a strong emotion for the stock then you can't see the dance, you see a flat line up or down. That is the main problem with most of the people including me.
Let's jump to the chart.
Weekly in Blue, Pink for Daily and short term in Black.
If you see blue .236 fib level, you will notice it was not easy to break 40.95 and now we are .382 level and you notice it's not easy to break 22.04. Can it go to 26 to the trendline? of course it can but why to trade against the trend PLUS I don't see any momentum divergence (rsi) yet ?
The trend suggests 18.72 short term and this year low shows to be around $6. So any bounce if at all should and will fail.
By the way +- 4 dollars move this week so please be wise and chose your side
$RIVN Rivian Oversold - Lockup Expiry Sell-Off$RIVN Rivian Oversold - Lockup Expiry Sell-Off
This $20-$22 range looks like an attractive risk-reward scenario in my opinion. Insider/early investor lockup period expired earlier this week, driving the large sell volume yesterday. Big earnings call tomorrow reporting on a quarter where deliveries were ramping up - expecting a positive market reaction.
For comparison, Rivian's market cap now sits around $19B vs Tesla market cap over $800B. Obviously Tesla is years ahead of Rivian and has the sales and profit to back up a beefier valuation. But if Rivian grows to be even a quarter of the company Tesla is, long term there is major upside here in my opinion.
Near term price target: $32-$36 range by late May
Medium term price target: $50+ possible by mid June
Note: This is NOT investment advice. Opinion only.
RIVN: Deep Value PlayOkay, this one is a bit different than my normal charts. Rivian Automotive only started trading late November of last year so there's not enough historical data to draw from to give a complete picture. However, RIVN is a high-profile startup in a hot industry with motivated billionaires backing it. It wants to be TSLA, but you wouldn't know it based on the 50% price discount from its IPO. Despite it's gloomy performance--or perhaps *because* of it--it's actually looking like an attractive buy at these prices. It appears to be in my buy zone, and there's bullish divergence, but there's not enough data to show me where the momentum/pressure is. I think this is a great value play for a long-term investor.
Good Luck
----------------------------------------------------------------
These are my personal views and not financial advice. Please do your own research before investing.
I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly.
If you appreciated this analysis, consider Liking or Following . Thanks!
RIVN: The technical point that will trigger a reversal!Hello traders and investors! Let’s see how RIVN is doing today!
For the first time since March 30, RIVN is trying to reverse the trend. This reaction is quite good, which is surprising, considering it is a Red Monday, and it is a sign of strength.
Technically speaking, this movement is very interesting. As RIVN just retested the $ 37.61 area as a support again, making it a possible Double Bottom, and it is trying to break the resistance at $ 41.
If RIVN closes above the $ 41 today, it might confirm this pattern. So far, all we see is lower highs/lows, indicating a strong bear trend. However, by defeating the $ 41, it’ll do something new, and this is a good sign of a reversal. We must not lose the $ 37.61, otherwise, RIVN will frustrate this delicate bullish structure.
In the daily chart, it seems RIVN just dropped to fill the gap at $ 37.32, and now it is reacting nicely. If it confirms the bullish structure in the 1h chart, the next resistance to work with is the $ 56.76. Above that point, we have an open gap at $ 60.80 that might help to attract the price to higher levels.
Let’s see how RIVN will close today, and if it’ll keep above the $ 41 area. To me, RIVN looks interesting, so I’ll keep you guys updated on this. Therefore, remember to follow me to not miss any of my future analyses!
RIVN you can still buy it cheaper than Soros If you haven`t bought the all time low here:
then you should know that you can still buy cheaper than George Soros.
Billionaire investor George Soros bought a $2 billion stake in electric truck startup Rivian in the quarter ended Dec. 31.
His average should be around $100.
My short term price target is 69.50.
Looking forward to read your opinion about it.
$RIVN wants lower. Low to mid-20s? Or even lower?If we look at the chart, $RIVN seems to be making lower highs and lower lows.
This recent move up was just a retest of resistance at $47. On top of that, on lower timeframes (2hr), we seemed to have formed a double top.
This leads me to believe we're about to see another leg lower. If Rivn falls from here and loses the $37 support, I think it's likely that we'll see the low to mid 20 range. Supports on the chart.
After that, I can see RIVN bouncing, but eventually I think it could see the $8 range before reversing it's trend back to bullish.
Let's see how the next few weeks and months play out.
RIVN 3/21/22RIVN
Another easy short trade
Price in existing downtrend
Price entered sideways range between 53-67
Price broke down from this range to start continuation of downtrend.
Price has pulled back to dynamic resistance in 20 ema. Price in area of value, my cue to enter trade
Entering trade short.
Entry: 42.91
Stop loss: trailing 20ema
Target: trailing 10ema
How long will it take Rivian to get back to its IPO price?Rivian Automotive (NASDAQ: RIVN), the budding electric vehicle maker, initially bank-rolled by the likes of Ford (NYSE: F) and Amazon (NASDAQ: AMZN), is currently trading 80% lower than its peak since listing on the Nasdaq stock exchange.
Bear in mind that Rivian was listed on the Nasdaq in November 2021, when you had to be very unlucky not to make money in the stock market, especially as a company working in the electric vehicle domain. In a sign of the jubilant (and bygone?) era, within days of listing, investor exuberance had pushed RIVN up by 115%, to US $170 per share. RIVN’s market electricity has fizzled in the following five months and could do with a recharge.
The Rivian stock price is currently trading very close to an all-time low, at US $37.00, 80% lower than its all-time high. In contrast, Tesla (NASDAQ: TSLA), a company which Rivian investors hope can be emulated, is trading 25% lower than its all-time high (US $1,200 vs US $900), which it reached in November 2021 (roughly the same time Rivian reached its all-time high).
RIV only just begun
As illustrated by its latest earnings call, Rivian has a momentous scope for growth.
In its Full Year 2021 earnings call, which was released on March 10, 2022, Rivian reported its first bout of revenue, a tiny US $55 million against a cost of revenue of US $520 million and other operating expenses (mainly R&D and administration) of US $3.7 billion. Consequently, Rivian reported a total net loss (inclusive of all costs) of US $4.7 billion for the full year.
The massive discrepancy between the company’s revenue and costs is a natural part of its growing pains. The automobile industry’s huge barrier to entry means that Rivian expects to be making a net loss for some time. However, it does expect to be profit-neutral by the end of the next financial year, and this might be what is more important for investors following the company.
No fast-charging solution
Rivian is still valued at over US $30 billion and far from a bust. However, it will perhaps take years for the company to charge its stock price back up to its IPO price of US $78.00. Even in the age of outsized valuations for EV companies and some residual investor exuberance in the market, investor confidence is butting up against obstacles such as the infamous chip-shortage affecting numerous car companies and tightening monetary policy from the US Federal Reserve.
To hasten the process and to overcome some of these obstacles on its way back to its IPO price, Rivian may have make better use of its US $18 billion cash reserve and carve out more than its planned 10% takeover of the EV market by 2030.
As it stands, Rivian’s total theoretical capacity at its two factories (600K) could garner 10% of the 2021 electric vehicle market. However, By 2030, electric vehicles sales are predicted to account for 1-in-2 vehicles sold, from a current 1-in-10. To account for 10% of all EVs sold in 2030, Rivian will have to boost production capacity to approximately 3 million vehicles per year.
For interest, Rivian generated its 2021 revenue of US $55 million on delivery of 2500 electric vehicles. The company’s guidance for 2022 expects to deliver 25K vehicles, which is a huge increase on its current production numbers, but fantastically far from the number of pre-orders on its books (83K) and unimaginably far from its 10% goal of 3 million.
RIVN TargetI did this for GOTU one time and it actually exceeded the target. Anyways, equal length arrows for the bear flag target, which comes to around $12.5
Probably won't tank as fast as the initial drop, but the end target is usually close. Of course, the end play here is probably bankruptcy which is zero.
25k vehicle production, trading at half the market cap of GM and Ford. The market is stupid.
Buy RIVN cheaper than George SorosBillionaire investor George Soros bought a $2 billion stake in electric truck startup Rivian in the quarter ended Dec. 31.
His average should be around $100.
RIVN 52 Week Range $37.50 - 179.47, today hitting all time low.
I see this as a potential buy opportunity.
My price target is $65.
Looking forward to read your opinion about it.