$RIVN is now up over 120% off it's last indicator signal NASDAQ:RIVN is now up over 120% off it's last indicator signal. Could find some resistance at $20
RIVN trade ideas
"Rivian Stock Gaps: Key Insights"There are 2 gaps formed in ''Rivian Automotive'' in the 1st half of 2024; the first gap called '' Exhaustion Gap'', formed on last February, as it appeared after a downtrend that started in July 2023, (which means this downtrend is finished!), and after this, the stock witnessed a sideway move for 4 months, which is considered an accumulation phase, then after this accumulation, the stock witnessed high volatility in the end of June 2024, to form a new gap called ''Breakaway Gap'', as this gap shows conviction in the new uptrend direction, and this gap is not ''Filled''.
currently, the stock closed below the last peak 16.35, which is considered the level that needs to be violated to confirm the uptrend, which will trigger further rises near 16.85 - 18.15 - 19.50 - 20.50 - 22 on the short term.
The stop-loss lies below 14$.
the indicators are heading toward the positive side, which confirms the mentioned positive scenario.
The information and publications are not intended to be or constitute any financial, investment, commercial, or other types of advice or recommendations provided.
$RIVN Perfect for Shorting the 2hr High RSI to $12The chart has reached a new short-term high. The RSI on the 2 hour chart is over 70. Perfect short from $16.73 to $12 or lower.
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NASDAQ:RIVN
Fomo rivnriven reversal pattern with power gap. I think the fundamentals are decent here targets the 1 and 1.618 fibs
RIVN Rivian Automotive Options Ahead of EarningsIf you haven`t sold RIVN when they started to recall vehicles due to loose fasteners:
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 10usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $3.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Rivian: Bullish Momentum and Strong Support Following VolkswagenI am bullish on Rivian following the significant news catalyst of Volkswagen investing up to $5 billion in the company. Despite closing the day with a bearish shooting star, the impact was minimal as we remain well above the 9 EMA and reclaimed the 200 EMA. For four consecutive days, Rivian has failed to close the gap since the news broke, indicating strong support.
On the daily timeframe, we successfully broke the 10 fractal downtrend, which is a positive technical signal. Over the past three days, we've observed higher bull volume and weak bear volume, reinforcing my bullish thesis. I believe Rivian has a lot of potential to run further based on these observations.
A strong buy signal for Rivian Automotive Inc. (RIVN)Technical Analysis of Rivian Automotive Inc. (ticker on Nasdaq: RIVN)
A strong technical buy signal has been triggered for Rivian Automotive (RIVN) following a breakout from a large inverse head and shoulders formation.
The potential for the stock according to this inverted head and shoulders formation is initially up to around USD 20.00 (cf. red dashed lines in the chart).
The next technical resistance level will then be around USD 25.00.
There may therefore be a significant upside now for the Rivian Automotive share, which has a potential of around USD 20.00 in the short term (1-3 months) and USD 25.00 - 28.00 in the medium term (3-6 months).
What is special about this stock now is that the aforementioned reverse head and shoulders formation is also a technical analysis term 'island signal'. This provides further positive technical signals for the further development of the share in the short and medium term.
The overall technical picture for Rivian Automotive Inc. (RIVN) is clearly positive now, and indicates a further rise to USD 20.00 - 28.00 in the next 1-6 months.
Keep an eye on RIVN...Rivian looks poised to break out of a long-term downtrend right now...
If we can get a strong breakout and then a rest to set us up for a new trend, this company could be an incredible investment going fwd.
Fundamentally, we're starting to see Rivians all over the place now and they've definitely gained traction in the market.
Rivian Makes the Right Moves & the Stock Rebounds to Key TechRivian had a tough couple of years, as unprofitable startups are more vulnerable to the adverse external environment from high interest rates and lingering inflation. This has softened EV demand and deliveries have been disappointing in recent quarters. Highlighting the challenges, executives believe 2024 production will not surpass that the last year. But the large output-delivery gap of Q2 shows that Rivian is offloading its inventory.
Rivian is making the right moves to turn things around and it will be launching two smaller EVs, starting in 2026. These are crucial for its future, as they will help it increase its customer base, stop the cash burn and eventually make money. The recently announced cash injection from auto giant Volkswagen can help it whether the storm and accelerate its progress.
These developments have helped the stock to relief rally from the April record lows, bringing it to a critical technical juncture. RIVN tries to take out the 38.2% Fibonacci of the slump for the end of 2023 and the EM200 (black line). Surpassing them would shift momentum to the upside and facilitate further gains.
Despite the turnaround plan and promising developments recently, the off-road EV maker is not out of the woods yet. On the technical front, a rejection of the aforementioned critical resistance cluster would reaffirm the bearish bias and enhance risk of lower lows.
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Rivian Automotive, Inc. Class A - Motor VehiclesKey arguments in support of the idea.
• The Company’s supplies grow faster than on average in the market.
• Modernization and expansion of production lines may lead to a boom in sales in
2025.
Investment Thesis
Rivian Automotive, Inc. (RIVN) is a US company that develops, manufactures and
sells electric vehicles. The model range is presented by electric SUVs of the R
series. The Company is also developing its own line of commercial vans, EDV,
actively used by Amazon.com, Inc. for delivery in 100+ US cities. The retail giant is
also one of Rivian’s major investors.
The Company’s EV shipments grow faster than in the industry on average. In Q1,
sales of BEVs in the United States increased by only 2% y/y, while Rivian
Automotive was able to sell 71% more cars in this period than in the 1st quarter of
last year. In Q1, RIVN’s share of the US EV market rose to 5%, from 3.1% a year ago.
In April and May, EV (BEV) sales in the US were 1.5% higher than in the same period
of the prior year. We believe that over the current quarter, the automaker may
again show faster supply growth than its peers. From April 5 to May 1, the Company
suspended EV production to modernize its production processes. We expect that in
Q2, the automaker will supply about 13 thousand cars (+3% y/y). This year, the
Company plans to produce 57 thousand electric vehicles, which may increase
shipments by ~14% y/y for the whole of 2024. In the current market realities, this
forecast looks quite solid.
It seems that Rivian Automotive may indeed achieve a positive gross margin in
the last quarter of this year. The Company has upgraded its production lines at
the Illinois plant and predicts that the initiatives taken will allow it to achieve gross
profit in Q4 2024. Also in early May, the Company announced that the Illinois
Department of Commerce and Economic Opportunity would allocate funds to
help the automaker expand its existing plant. The total incentive program
amounting to $827 million will allow the Company to postpone the construction of
a new plant in Georgia and focus on the production of new R2 and R3 models at
existing facilities. Besides, on June 21, Reuters representatives visited Rivian’s plant,
and its CEO RJ Scaringe said that the Company had managed to reduce material
costs related to car production by 35% due to the modernization of production
lines. These factors suggest that Rivian may significantly increase its sales in 2025.
Based on the EV/Sales’2024 multiple, RIVN securities are valued at 1.7x, which
corresponds to the average for public Chinese and US EV manufacturers.
Nevertheless, we consider this valuation of RIVN attractive, given higher expected
sales growth and stable financial position. As of the end of Q1 2024, Rivian’s cash
balance was $7.8 billion, which is enough for the Company to continue its
expansion in the US market over the next few years.
We believe that in the short term, RIVN stock may show positive dynamics.
The target price for RIVN shares on the horizon of two months is $12.9, the
rating is Buy. A stop-loss order is recommended at $9.6
Rivian 3 Drives AccumulationReal clear lower broadening trend, with 3 drives to the low and what would now be considered the end of the spring phase.
This is where you would expect to see a retest of the range low to confirm that the breakdown was rejected, and the range is now being considered support.
A lot of overlapping price action on the way back up, but the top of the range is the target, with a stop in the 24.93 range there. Often this is where youd see a partial decline in the lower range, and then an extension to the top of the range for the sign of strength
Targets above the range would be the 1.618, 2.0, and 2.618 if it ends up doing a full return.
Wallstreet made a ton of money on the way down, the easiest way to make more, is to run it back as shorts unwind and new participants enter.
Volkswagen AG to invest 5 billion USD in Rivian AutomotiveVolkswagen AG is set to invest 5 billion USD in Rivian Automotive Inc., marking a strategic move to solidify its position in the electric vehicle (EV) market. This investment aims to optimise Volkswagen’s business processes and production efficiency by leveraging Rivian’s expertise in electric vehicle technology.
Despite being regarded as the future of the automotive industry, the electric vehicle sector is facing challenges such as slowing demand. The fact that even industry leaders like Tesla are compelled to implement aggressive price cuts to attract buyers highlights the intense competition and price wars affecting the newer, loss-making entrants like Rivian and Lucid Group Inc. particularly. This landscape poses new challenges for Volkswagen as it seeks to enhance its market stance through this strategic investment.
Examining potential investment opportunities, let’s review the stock chart of Rivian Automotive Inc. (NASDAQ: RIVN) from a technical analysis perspective:
On the Daily (D1) timeframe, Rivian’s stock has broken the resistance level at 12.15 USD, with support now established at 9.85 USD. An uptrend is beginning to form. Should a downtrend initiate, a potential downside target could be 5.50 USD.
If the current uptrend continues and the stock price rebounds off the resistance level, there could be a buying opportunity with a short-term target of 19.50 USD. For those considering a medium-term investment strategy, the stock price might rise to 24.45 USD if the positive momentum persists.
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RIVIAN Time to get bearish despite the VW $5 billion investment?Rivian Automotive (RIVN) reached today as high as $16.35 following Volkswagen's $5 Billion investment and got just shy of our $17.00 long-term target, as we called on our last analysis (May 17, see chart below):
Despite the excellent news, we have to call for caution this time as the technicals come in center stage. As you can see, the prevailing long-term pattern remains a Channel Down since the September 2022 High and unless the 1W MA100 (yellow trend-line) breaks and closes a 1W candle above it, we won't continue buying.
We change now our outlook to medium-term bearish and expect a rounded top to be formed below the 1W MA100 in the next 3 weeks, which we will sell and target the 0.618 Fibonacci Channel level at $13.50. Check also how the 1D RSI sequences between the current and the previous Lower High formation in July 2023 are similar.
Add to the bearish mix the fact that today's rise stopped exactly on the 1W MA50 (red trend-line). In any case, as mentioned, we are only willing to buy after a 1W MA100 break, in which case we will target $28.00 (just below Resistance 2).
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RIVN to 13.50RIVN has disrespected a daily Bearish FVG, in the 4 Hr timeframe price created a CHoCH (Change Of Character) With a Bullish FVG. If price then Creates a BOS (Break Of Structer) at 12.46 we can be heading to 13.50
RivnNASDAQ:RIVN looks like it’s still continuing to the bottom side to complete the C wave, usually for the C wave ending diagonal head shoulder pattern or double bottom I Purchased calls 11.28 Expiring July Once I reached to the bottom, I’ll buy more Just to let you know everyone Makes mistakes in stock market there will be always up-and-down
RIVN falls to fair value for swing LONGRIVN is here on a 30 minute chart with VWAP bands and a dual time frame RSI added. Price
fell from the top of the trend up after the last earnings. It is now between the mean
anchored VWAP and the first lower VWAP line which is where the reversal occurred on May 8th.
I will look for an entry long on a lower time frame chart. I am looking for a 1.75 move up
toward the second upper VWAP line in this trade while risking 0.25 making the reward for
the risk taken about 7.
Rivian: DoomedIt is hard to elaborate on fundamentals or even technicals for a start-up company of any kind, much less a publicly traded producer of motor vehicles. I know nothing about this company, except that its stock just popped, after-hours. What I see does not give me confidence as a buyer of the stock. What I see is a company that will continue lower before reversing higher in any significant way, and a company that may rebound over the next 10, maybe 20 years, but will ultimately fail. This analysis is based on Fibonacci levels I have calculated based on my view of the candlesticks over the past hour.
The Minor ABC pattern is for analytical reference and not the count I would use, but refers to a count I believe has already failed (yellow fibs), and the white circle in the bottom right represents what I consider a safe entry point for mid-term buyers.
Best.
Falling wedgeRivian is in a falling wedge. Looks like a breakout coming to the upside. Also, lots of positive news presses lately which seen to be fueling momentum.
Rivian UpdateToday, the price ascended as expected. I'm offering a closer view to provide a clearer micro perspective. By examining the labels, you can follow my count of this downward movement. I believe today's upward movement was the mini-a wave of ii. If correct, we should see a decline to the mid $10 range for mini-b, before climbing again towards the target zone between 0.618-0.786 ($11.52-$11.92).
This doesn't preclude the possibility of a marginally higher peak. Essentially, once mini-a concludes, we should anticipate a dip just below the 0.236 Fibonacci retracement for mini-b. The Fibonacci confluence of the larger 0.786 (yellow) and 1.382 (green) suggests a likely termination point for mini-b.
Should you have any questions, please ask. Otherwise, I'll assume you grasp and agree with my analysis.
Looking bullish up to about $20While this is still preliminary and there isn’t much price action to work with off the potential bottom, the technical indicators are providing good upside confluence, with historical resistance and option flow giving fairly clear skies up to the $20 zone. Further forecast to come as the chart structure builds.
Rivian UpdatePrice is still following my predicted path as of now. Should price make a high above wave 2 at $10.67, that would signify that wave ii most likely isn't actually over and could head to the $11 area. If it continues to follow along with my projections, then we are headed to the $8.77 area within the next few trading sessions.
MACD on both the micro and larger time frames seem to suggest we're headed down next. If we manage to breach $9.89 to the downside then the odds of us dropping further go up exponentially. Hopefully we get our answer to this question in the next couple trading sessions.
RIVN a trade from deeply undervalued LONGRIVN on a 60 minute chart with set of anchored VWAP lines appears to be finishing a double
bottom at the 8.5 level and making a move higher in a VWAP band breakout potnetially rising
to the mean anchored VWAP and beyond it into the upper bands. I will take a long trage here
with the targets in a textbox on the chart. I am interested in the action of the lesser EV stock
while TSLAs fundamentals are challenged by earnings constraints in the face of downward
pricing and whether discounting will stimulate demand or instead accelerate the path down as
investors may perceive the pricing scheme as a sign of weakness ( or even desperation).
Rivian UpdateI mentioned in my prior post that it was a very real possibility we get a flat abc as the mini-b wave was so deep. Today that appears to be what we got. Price raised just above the 1.0 extension and then got rejected. Today we got a very strong move to the downside which signifies there is a very good chance wave iii (primary) has started. There is a possibility this is an abc move to the downside, hence the a or i / b or ii labels. Notice price moved down to the 0.382 fib @ $9.94 and had a reaction. The question you should be asking yourself; is this the wave 1 of iii? If you look at the structure from the label ii high of $10.74 to the $9.89 low made today, it is 5-waves.
If that is the wave 1 of iii then wave 2 of iii should take us to the area of the 0.236 @ $10.24 before falling even harder to the 1.0 area @ $8.77 to finish wave 3 of iii. A breach of $10.74 invalidates the possibility we're in wave iii. Armed with this information you now know what I am expecting to see over the next few trading days to come.
P.S - To whomever it was that said I was crazy for saying Rivian was going to drop again...today closed under $10 making almost a 20% decline since the $12.13 high a week ago....
