RIVN trade ideas
$NASDAQ:RIVN Tight flag accumulationNASDAQ:RIVN forming a tight flag accumulation with EMA8 confirmation and RSI above 70 this might have a climax run by nextweek.
RIVN - Coiling Stock🚀NASDAQ:RIVN is coiling on massive volume! The volume is dwindling, hinting at a possible breakout on the horizon Fingers crossed for the bulls! This is the hottest stock right now in my opinion. Lets see how it unfolds. My first target is at 30$.
RIVN RangeUsing wyckoff theory... Waiting for a break of the range and a retest. We're at a point in the range where things get choppy just before the break so be mindful. For the upside, id be looking at $30 as an area of resistance and $20 on the downside as support
Rivian clearing weekly resistance!Looks like Rivian may have more upside as price has opened above weekly resistance. Next weekly target is $40. Lose the weekly level @ $24 and I’d look for more downside. As a note this means a weekly candle close below $24 and this trade is negated.
RIVIAN to $30 or $15?RIVN we can have 2 scenarios with. The count I have drawn is bullish and that we are going to be pushing higher if W4 has ended, which technically it could be over with since we hit the 0.236 and pushed higher off of it. Even if we push lower to the 0.382 or even the 0.5 level that can still be a W4 correction from W3. As of now, I am going to stick with that the W4 we are in right now and trying to push to W5 higher.
If we fall from here then this count would be an ABC correction and we will continue to make new lower lows as the overall trend is still down.
$RIVN NASDAQ:RIVN - On Thursday, July 20, 2023, Rivian Automotive experienced a 3.95% increase in its stock price, rising from $24.83 to $25.81. This marked the third consecutive day of gains for the stock, and investors are eagerly watching to see if the upward momentum will continue or if there might be a minor pause in the coming days. Throughout the trading day, the stock's price fluctuated significantly, ranging from a low of $23.85 to a high of $26.14, indicating substantial market activity.
Over the last 10 days, the stock has seen increases in 6 of them, resulting in an overall gain of 19.38% over the past two weeks. The trading volume also saw a notable increase on the last day, alongside the rising price, which is considered a positive technical sign. Approximately 25 million more shares were traded compared to the previous day, with a total of 79 million shares exchanged, amounting to approximately $2.04 billion in transactions.
Currently, the stock is situated in the upper part of a very wide and strong rising trend in the short term, presenting a potential selling opportunity for short-term traders, as a reaction back towards the lower part of the trend might be anticipated. A break above the top trend line at $27.07 would indicate an even stronger rate of ascent.
Based on the current short-term trend, the stock is projected to rise by 76.81% over the next three months, with a 90% probability of holding a price between $29.57 and $47.86 at the end of this three-month period.
In terms of technical analysis, the Rivian Automotive stock holds buy signals from both short and long-term Moving Averages, signaling a positive forecast. Additionally, the relationship between the two signals, with the short-term average above the long-term average, further supports a buy signal. On potential corrections downward, there may be support from the lines at $25.08 and $18.10. However, a breakdown below any of these levels would issue sell signals.
Furthermore, there is a buy signal from the 3-month Moving Average Convergence Divergence (MACD), and the rising volume along with the price is considered a good technical signal. However, some negative signals were also issued, which could have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, July 12, 2023, resulting in a decline of -0.386% thus far. Further fall is indicated until a new bottom pivot is found.
As with any investment decision, it's essential for investors to conduct thorough research and analysis before making any financial moves. While the recent performance of the stock appears positive, it's crucial to assess the company's fundamentals and market conditions before making any investment choices.
Dont let the cat out of the box $RIVN lolI like this game of probabilities lol, whenever the cat is out the box it will blow huge so you better buy while its inside so when the tip is out then you up like never before. Thats an A+ set up so follow price action.
Macro reverse actionIf i get all 5 waves here, corrective pattern should be longed for a long term hold.Perhaps at the end of the year we will have more clearence.
Again, traditional assets much better when it comes to a clean EW pattern
RIVN is showing a pullback for a long entryRIVN on the 2H chart rose 67% to begin July as part of the larger EV sector rally
which included several other tickers including those from UK and China. It has
pulled back significantly since completing a double top on July 13th. Price is
now hovering over and supported by the mean VWAP line anchored to July 1st.
The two time frame RSI indicator shows both lower (blue line) ane higher time
frame ( black line) RSIs at 50 or higher with the blue line closer to that transition
zone. The zero-lag MACD shows the subtle cross under the histogram which
has changed from negative to positive. Overall, although the best entry is at
$20 from a very deep pullback, I believe that RIVN is now setup for a long trade
following a continuation or even a call option contracts trade. I will take a
position in call options at this time.
Rivian 'Dead Cat Bounce' Over?I have been getting a lot of questions from followers about NASDAQ:RIVN in recent weeks. One of the favorites of the 2021 EV stock craze the share price has done not performed well since the IPO. This recent very bullish move has gotten a lot of attention but I think it has come to an end.
Price Action
Like most of my setups I am looking at RIVN hitting a major 50% Retracement this one being from the downtrend starting in September 2022 through April 2023. That Resistance at 26.71 was hit yesterday and today's price action shows reluctance to test and break it. I have been looking for a pullback to this bull trend to its own 50% Retracement at around ~20 and it may be upon us.
The Trade
Earnings are coming up on August 8th. That sets up a nice window for monthly options of the August 18th expiration. Since 20 is the approximate pullback level it also makes for a proper strike. That means Aug23 20 Puts will be the choice to express the trade. If price breaks the recent high I may look to cut them as they should maintain their premium with earnings getting closer. I also do not typically hold through earnings but rather try to close the day before to avoid the 50/50 probability of the binary event.
The Narrative
I still see the occasional Rivian on the road but as of late I have become a Tesla Maxi. Tesla had record production and delivery for Q2 2023 but every other EV manufacturer is struggling according to recent reports. The market as a whole has enjoyed an optimistic bull run since March and is due for a pullback.
$RIVN Ready for the next move?? I'm long here but it could just as easily breakdown. The reason why I'm long is because we are in an uptrend and the chart pattern looks bullish (to me) . The risk is a little higher here because of the 50/50 chance it goes either way, pay attention and keep your stop loss TIGHT.
RIVIAN looking for Wave 4- We have seen a massive explosion in this W3 recently, but looking to cool off into the W4 before we take off again into the W5. If we do not break the blue resistance lines we should already be in the decline into W4 where I have put the Fibonacci levels for the W4.
$RIVN LOOK AT THE VOLUME Notice the volume this week already at it's MA and it's only Monday! I think this stock hits at least $30 next week. However, just be mindful that the stock moved nearly 50% (on ~500X volume) last week, so some cooling off may be needed.
$RIVN: Long & movement into Phase CNASDAQ:RIVN
I would treat all EV stocks at the moment with a degree of caution as theres been plenty of recent microeconomic movements between companies.
From a technical aspect, we had just experience a leg down into Phase A and currently accumulation for institutional buyers are taking place. Think of you at a Supermarket buying food at bulk price. Over the last 2 weeks, Volume has picked up three fold and buyer's momentum is shifting and coming in.
ST SOW was clear, (Secondary Test: Signs of Weakness) where we broke support and rapidly bounced right back. So currently in Phase B we are awaiting a long to higher highs around Phase A AR/UT before heading back low to a potential spring across the creek. Looking forward. Have set my limits into areas just above green OBs so we are looking very ready and with good indicators in place.
Will be picking up the stock for Long term when it clears the ST SOW levels so for long term holders, I believe we can hold out slightly longer.
Ravian stock is starting to rebound and rise!Ravian stock is starting to rebound and rise!
This chart shows the weekly candle chart of the Rivian stock since its listing. The top to bottom golden section is superimposed in the figure. As shown in the figure, the recent low point of Rivian stock is supported by the 2.000 level of the golden section in the figure. In the past two weeks, Rivian stock has shown a bullish start! So in the future, the probability of the Rivian stock rebounding upwards to the 1.618 and 1.382 positions in the golden section shown in the figure, after a long rest, and then choosing a direction to break through!
Rivian Automotive NASDAQ: RIVN RIVN on an uptrend based on news that has starting electric vehicle deliveries chart is very bullish
$RIVN took off this week This week been super bullish for this week and guess who was in the race NASDAQ:RIVN but like all good things must come to an end and cool off with a Bearish herami on the 4hr chart I would like to see a pull back to the 61% fib
Rivian found support at its Tangible Book Value - key metricRivian is still a young company trying to prove its model can make a profit. They have a pile of cash and along way until they can break even in their business model.
Tangible book is all tangible assets minus liabilities. Tangible meaning physical and cash like assets but not including intangible like brands and patents.
Tangible assets may also be a better measure of liquidation value.
RIVN Short IdeaRIVN short trade. Reached monthly highs. Would short down to previous resistance.
Long term bullish on Rivian.
RIVN - could break up in near futureRIVN went into basing formation since March 2023, testing the level 15.60 (neckline1) at least 4 times before a successful break up on 29 June, followed 2 days later by a huge volume gap up 3rd July. As of yesterday it closed right at the 2nd neckline @ 21.70, which incidentally is just above it's 200 day moving average (a positive).
It's RSI is very strong and there is a reasonable chance it could be breaking above this neckline2 very soon (scenario 1 indicated in red). However, as it is also rather overbought at the moment, we could see another pullback before another attempt to break up (scenario 2 indicated in blue).
Long the break of neckline 2 with initial stop loss below 19.30 (the recent 2 candles low).
The market is volatile and trade management with trailing stops is a good idea. Balancing between how much wiggle room to give it (ie where to place the stop loss) will take some practice and experience.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is
Rivian Update: Wave 3 Almost Done?I'm not going to spend much time on this as it is pretty self-evident by my chart. The suuper long wave (2) threw me for a loop as I was not expecting such a long-drawn-out ABC and it made me miss this entire move up from the $13 area. It is what it is though and I have been doing just fine elsewhere. I was planning on jumping in on the retrace and riding out the end of 3 but price didn't make it down to me. Also, I want to note that (3) extended passed 3 extra fib lines. This means that all other targets will be extended out as well. Structure states that we finished wave (4) very fast, which would make sense since wave (2) was so long.
I would expect this wave ((3)) to finish around $22-$25. When it begins to retrace for wave ((4)), I will hopefully have an opportunity to jump back in. However, I don't chase price so it will either come to me or I will stay out. It is the best way I have found to fight FOMO. I NEVER get into a trade unless I have done an analysis beforehand and price comes into my buy zone.
If I make any trades, I will update y'all.
Bonam Fortunam,
--Tyler
Long RIVNHonestly i think they are ugly but have seen 5 Rivns in my area the last few months. Pretty epic IHS pattern forming.... Been DCAing last 3 months...Adding here.
