RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of RIVN
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Rivian Automotive stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jul 19, 2024)

Buy or Hold candidate since Jun 24, 2024 Gain 52.13% PDF

The Rivian Automotive stock price fell by -0.89% on the last day (Friday, 19th Jul 2024) from $16.90 to $16.75. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.26% from a day low at $16.33 to a day high of $17.03. The price has risen in 6 of the last 10 days and is up by 13.25% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -11 million shares and in total, 26 million shares were bought and sold for approximately $427.96 million.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 73.88% during the next 3 months and, with a 90% probability hold a price between $22.26 and $32.63 at the end of this 3-month period.

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RIVN Signals & Forecast

The Rivian Automotive stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $17.31. On a fall, the stock will find some support from the long-term average at approximately $13.48. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, July 12, 2024, and so far it has fallen -7.51%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Rivian Automotive stock

On the downside, the stock finds support just below today's level from accumulated volume at $14.89 and $14.74. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Rivian Automotive finds support just below today's level at $14.89. If this is broken, then the next support from accumulated volume will be at $14.74 and $14.47.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.695 between high and low, or 4.26%. For the last week, the stock has had daily average volatility of 6.27%.

Our recommended stop-loss: $16.00 (-4.46%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (RIVN) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Rivian Automotive, Inc. to open at $16.70, and during the day (based on 14 day Average True Range), to move between $15.67 and $17.83, which gives a possible trading interval of +/-$1.08 (+/-6.46%) up or down from last closing price. If Rivian Automotive, Inc. takes out the full calculated possible swing range there will be an estimated 12.91% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $16.76 (0.06%) than the support at $14.89 (11.10%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Rivian Automotive, Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Rivian Automotive stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.550 Buy Candidate Upgraded

Predicted Opening Price for Rivian Automotive, Inc. of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$16.70 ( 0.289%) $16.75

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for RIVN

Fibonacci Support & Resistance Levels

Level Price
R3 17.40 3.86%
R2 17.13 2.28%
R1 16.97 1.30%
Price 16.75
S1 16.44 -1.87%
S2 16.27 -2.85%
S3 16.01 -4.44%

Accumulated Volume Support & Resistance Levels

Level Price
R3 18.11 8.12%
R2 17.50 4.48%
R1 16.76 0.0597%
Price 16.75
S1 14.89 -11.10%
S2 14.74 -12.00%
S3 14.47 -13.61%

FAQ

What is the symbol for Rivian Automotive Stock and on which exchange is it traded?
The symbol for Rivian Automotive is RIVN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Rivian Automotive Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Rivian Automotive stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Rivian Automotive Stock?
Rivian Automotive Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Rivian Automotive Stock.

What's the current price of Rivian Automotive Stock?
As of the end of day on the Jul 19, 2024, the price of an Rivian Automotive (RIVN) share was $16.75.

What is the 52-week high and low for Rivian Automotive Stock?
The 52-week high for Rivian Automotive Stock is $28.05 and the 52-week low is $8.26.

What is the market capitalization of Rivian Automotive Stock?
As of the Jul 19, 2024, the market capitalization of Rivian Automotive is 16.689B.

When is the next earnings date for Rivian Automotive?
The upcoming earnings date for Rivian Automotive is Aug 06, 2024.
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About Rivian Automotive, Inc.

Rivian Automotive Rivian Automotive, Inc. designs, develops, manufactures, and sells electric vehicles and accessories. The company offers five-passenger pickup trucks and sports utility vehicles. It provides Rivian Commercial Vehicle platform for electric Delivery Van with collaboration with Amazon.com. The company sells its products directly to customers in the consumer and commercial markets. Rivian Automotive, Inc. was founded in 2009 and is based in San Jose,... RIVN Profile

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