Three drives Rivian Three drives pattern emerged.
Breakout of strong resistance level, but is it another false breakout like last time?
Great indicator of a reversal would be to see RSI sustain above 56.
Fingers crossed it works out.
RIVN trade ideas
RIVN last leg up before abc corectionOn daily we see clear Elliot formation with last leg up about to form.
We may see this happen this week, unless market in general flashes down.
Target 34
Good luck
RIVN So far we have a clear rising wedge built here with higher lows in higher highs. We are cleaning to support right now and if we do lose the support we could see a drop in the back test as resistance of this pattern. However because it’s so early in this wedge in my view I don’t think it’s gonna break down here I think it’s actually going to go sideways and then end up popping up to the upside. If we do pop to the upside the rising wedge resistance above is around $34. So although this is a Baarish pattern I am looking to see the this move up a few dollars from here. I would short closer to that 34$ range upon rejection, therefore bullish shortterm
RIVN almost ready to dump??I'm doing something different with this post from my typical MO. I like simple charts with an over abundance of confirmation. This chart is slightly more complex, layering in stochastic in the 50d MA as well as the fibs for the most recent downward run. The extra complexity is needed in this example because it builds a trifecta of technical indicators on top of an already overpriced stock.
Let's quickly look at why RIVN is where it is today.
IPO north of $100/share to bring in 16B in cash
EV car hype ballooned the price, realization that a brand new car company is worth more than all incumbent car companies has brought it back down
Price hit a local bottom at 19.25, meaning the company was trading at less than the amount of cash in the bank
RIVN continues to lose ~2B a quarter, even with exceptional growth it will lose billions per quarter for years to come.
It is my opinion that the most recent bounce is 100% technical and not institutional buy and holders that will elevate the price long-term. Given that operational risk is exceptionally high - that is, to meet the current valuation the company will have to meet or exceed growth targets for the next 7-8 years (minimum) - the value of the company right now is primarily driven by the amount of cash in the bank. Every day that the company operates it should intrinsically be worth $50 million less (assuming they continue to lose 1.5B in cash per quarter as they did most recently, albeit previous quarters were only losing 500M, I believe this is extra loss is due to ramp up in spend post IPO).
Alright, philosophy aside, let's look at the technicals. There is the potential for three indicators to converge at precisely the same time at the same place. For reference, the price target I have to short is 33.60:
The fib retracement from the most recent run down has 33.60 as the 38.2% level
The 50d MA is moving down, currently at 34.88, targeting 33.60 in 2-4 days.
Stochastics are flashing over bought
And oh yea, did I mention this is all happening inside of a rising wedge?
Once the 33.60 range look look for confirmation with a break below the rising wedge and a nice ride down. In this market I'm taking profits early and often but could see a complete move down to $22 (which puts the market cap about equal with the amount of cash it has in the bank).
RIVN: Doing its first BULLISH STRUCTURE ever!Hello traders and investors! Let’s see how RIVN is doing today! For the first time, RIVN is doing a clear bullish structure, and this could indicate a reversal ahead.
In the daily chart, we see that for the first time ever, RIVN has a clear bullish structure, as it just did a higher high/low, and triggered a pivot point. In addition, it is trying to leave the 21 ema behind again (it tried to do that in the past, but with the lack of bullish structure, it failed miserably).
Keep in mind that this is the early stage of a reversal, and the situation is still risky. Another key point we must pay attention is the red line at $ 33.46. This point worked as a support and resistance in the past, and could work as a resistance again. In the end, RIVN must break this point to confirm a reversal, and not lose it again.
By breaking this line, RIVN could do a pullback to its 21 ema in the weekly chart, at least, near the $ 50 (the 21 ema is descending, so it’ll be lower in the next weeks, keep that in mind).
Either way, we have a lot of upside potential in the mid-term. This is not a long-term reversal yet, as the trend is clearly bearish on RIVN since its IPO in November.
I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
RIVN - Symmetrical Triangle, 15 MinRIVN is a Symmetrical Triangle chart pattern based on the 15 minute timeframe.
Watch RIVN during premarket and watch for a successful breakout on either side.
i will be bullish for rivian if this scenario happenthis stock has been bearish since launch started and synchronizate with crash and crisis , so i think if break the trend line i will wait for pullback and decided if i'm getting buying this stock or not , this my analyse it's not recommended to buy or sell that's depend on you and your strategy , " you need to stick wth right horse "
RIVNPROBABLE ACCUMULATION/ REDISTRIBUTION.
if there is bad bias for the company---i still think we are bearish until there are clear signs of reversal. Therefore, its likely to see far more downside. I am just guessing around high volume; price will stop here and consolidate. THUS, I think Wyckoff will be better analysis for RIVIAN
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...
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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.
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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.
Hey Remember this from months ago?????Well thus far I have been 100% correct on this call from months ago...Buy zone at $10 maybe!!!!!!!!
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
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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!
Rivian $RIVN BullRivian please don't fail me this time. I have set another long on RIVN. My last Rivian long call was my most hated post. But the haters were right :( . This time the bears and haters will face serious retribution.
$RIVN PUTS -Looking to play the continuation of this current trend
-Going to wait for a pullback monday before getting into puts
-will be looking for 30-40% on options
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 gaining some momentumIt does not have the perfect characteristics of an alpha stock, but has some potential. Price has an alpha action and the volume is not so bad. Keep an eye on it on a pullback.
$RIVN - Quick long play before potential short tradeprice has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. simple risk reward with support/resistance with potential call option. Tight stop loss. any weakness at open could flip to short position.
RIVENHead and Shoulders and there is a resistance.
The targets on the chart and the stop are closing candles 1d below the blue line
