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RIVN trade ideas

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.
NASDAQ:RIVNLong
by UnknownUnicorn910751
$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.
NASDAQ:RIVNLong
by MPWRTRADES
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.
NASDAQ:RIVNLong
by AwesomeAvani
2
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.
NASDAQ:RIVNShort
by norok
11
$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.
NASDAQ:RIVNLong
by bradleyzander
3
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!
NASDAQ:RIVN
by Think_More
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
NASDAQ:RIVNLong
by Juliac
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
NASDAQ:RIVN
by TSuth
6
$RIVN EV Stocks Winners & LosersWhile Rivian Automotive, Inc. (NASDAQ: RIVN) is currently seeing good Q2 performance after exceeding its estimated Q2 deliveries and signing an agreement with Tesla (NASDAQ: TSLA) to use its charging network. However, RIVN stock may be currently overvalued compared to other EV stocks following its 17% run after Tesla (NASDAQ: TSLA) started a rally in the EV market on its record Q2 deliveries. Given the tough competition RIVN is witnessing and its poor margins, investors could find RIVN stock a profitable short play. RIVN Fundamentals Exceeding Expectations Although RIVN is currently seeing a decent Q2 in terms of deliveries, it still has a long way to go to prove that this will not be a one-time thing. RIVN produced almost 14,000 vehicles in Q2 putting it on track to achieve its 50,000 production target for the year. Also, RIVN delivered 12,460 vehicles, 10% more than the forecasted 11,300 deliveries, which may see it exceed its forecasted revenue for Q2. Furthermore, RIVN may see increased deliveries in 2024 thanks to its agreement with Tesla to provide RIVN drivers access to Tesla’s charging network starting in 2024. The new agreement will increase RIVN’s coverage in the US which can increase demand since one of the biggest concerns for new EV customers is network coverage. Market Overreaction With Tesla’s record Q2 deliveries, a strong rally in the electric vehicle market started. While RIVN’s positive Q2 deliveries improved the stock’s outlook, Tesla’s record Q2 deliveries were a major reason for the 17% run. The combination of the two events created the perfect storm for RIVN stock, which may have led to the market overreacting resulting in RIVN stock’s recent run. Compared to Polestar (NASDAQ: PSNY), which expects to produce 80,000 vehicles in 2023, 60% more than RIVN’s production target, Polestar also has a far better gross margin of 3% compared to -80% for RIVN, which means that RIVN is losing money on every vehicle it sells. Furthermore, Polestar is closer to profitability than RIVN since it reported a net loss of $9 million only in Q1 2023 compared to RIVN’s $1.3 billion net loss. With all of that combined, it is hard not to see RIVN stock as overvalued compared to other EV stocks since RIVN’s current market cap of $18 billion is more than double that of Polestar. For this reason, investors could find better opportunities in other EV manufacturers than RIVN. Another reason RIVN’s prospects may not be as bright as investors believe is the competition the company is facing from more established manufacturers in the electric truck market – namely General Motors (NYSE: GM) and Ford (NYSE: F). With this in mind, Ford has already released an electric version of the Ford F-150, the best-selling truck in the US. In this way, it might be harder for RIVN to take hold of the market, since customers are more likely to choose more reliable and familiar names if they chose to transition to an electrical truck. RIVN Financials In its Q1 2023 report, RIVN’s assets increased 1.5% QoQ from $17.8 billion to $18.1 billion, while its cash and cash equivalents decreased 2.7% QoQ from $11.5 billion to $11.2 billion. RIVN’s total liabilities increased by 35% QoQ from $4 billion to $5.4 billion. Revenue has increased 695% YoY from $95 million to $661 million. Operating costs decreased more than 16% from $1,077 million to $898 million, which contributed to the operating loss decrease of 15% YoY from $1.58 billion to $1.34 billion. In this way, RIVN reported a net loss of $1.3 billion – a 15% increase YoY. Technical Analysis RIVN stock’s trend is neutral with the stock trading in a sideways channel between $15.78 and $13.31. Looking at the indicators, the stock is trading above the 200, 50, and 21 MAs which are bullish indications. Meanwhile, the RSI is extremely overbought at 94.8 and the MACD is bullish. It is worth noting that the stock has broken its $15.78 resistance leaving behind a gap near $16.7 which may be filled in the future. As for the fundamentals, RIVN stock just witnessed a catalyst in its Q2 deliveries exceeding analysts’ expectations. Despite this, RIVN could be overvalued at current levels given its fundamentals which could see the stock drop and test the $13 support level – filling the gap on the chart in the process – especially with the RSI extremely overbought at the moment. RIVN Forecast It is undeniable that RIVN is having a great quarter, with it exceeding its delivery target for Q2 and being on track to achieve its 2023 production target. That said, RIVN stock may be trading at a premium compared to other EV stocks since its market cap is more than double that of Polestar, which is currently outperforming RIVN in many areas. Furthermore, RIVN may find difficulty growing its market share since it faces tough competition from companies like Ford and General Motors. All of that makes RIVN stock overvalued and may be due to a correction soon – making it a potentially profitable short play.
NASDAQ:RIVNShort
by Penny_Stocks_Today