Graniteshares 2x Long Rivn Daily Etf ETF Forecast

Buy candidate since May 29, 2026 Gain 24.59%

The Graniteshares 2x Long Rivn Daily Etf ETF price gained 10.93% on the last trading day (Wednesday, 3rd Jun 2026), rising from $35.25 to $39.10. It has now gained 10 days in a row. It is not often that ETFS manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the ETF fluctuated 14.52% from a day low at $34.54 to a day high of $39.56. The price has risen in 10 of the last 10 days and is up by 95.84% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 thousand more shares were traded than the day before. In total, 77 thousand shares were bought and sold for approximately $3.00 million.

The ETFhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $36.64, a level that may pose a second chance to hit a runner. According to fan-theory $54.10 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

RVNL Signals & Forecast

Mostly positive signals in the chart today. The Graniteshares 2x Long Rivn Daily Etf ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the ETF. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $31.04 and $29.16. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 19, 2026, and so far it has risen 95.84%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Graniteshares 2x Long Rivn Daily Etf ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $33.31 and $31.38. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Graniteshares 2x Long Rivn Daily Etf finds support just below today's level at $33.31. If this is broken, then the next support from accumulated volume will be at $31.38 and $29.72.

This ETF may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this ETF is considered to be "very high risk". During the last day, the ETF moved $5.02 between high and low, or 14.52%. For the last week, the ETF has had daily average volatility of 13.78%.

The Graniteshares 2x Long Rivn Daily Etf ETF is extremely overbought on RSI14 (78). Normally this may pose a good selling opportunity but since the ETF has broken the trend up, the chance for a major correction due to high RSI is very small as the ETF will find support at the trend broken. Since the Graniteshares 2x Long Rivn Daily Etf has been rising for 10 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the ETF is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $37.75 (-3.44%) (This ETF has very high daily movements and this gives very high risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (RVNL) For The Upcoming Trading Day Of Thursday 4th

For the upcoming trading day on Thursday, 4th we expect Graniteshares 2x Long Rivn Daily Etf to open at $37.73, and during the day (based on 14 day Average True Range), to move between $37.68 and $40.52, which gives a possible trading interval of +/-$2.84 (+/-7.53%) up or down from last closing price. If Graniteshares 2x Long Rivn Daily Etf takes out the full calculated possible swing range there will be an estimated 7.53% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $33.31, some $5.79 (14.82%) from the current price of $39.10, our system finds the risk reward attractive.

Is Graniteshares 2x Long Rivn Daily Etf ETF A Buy?

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.

Current score: 4.500 Buy Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on June 4, 2026 - $37.73 ( 3.50%).

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