RIVIAN AUTOMOTIVE INC-A (RIVN) Stock Technical Analysis
USA - NASDAQ:RIVN - US76954A1034 - Common Stock
13.03 USD
+0.12 (+0.93%)
13.0599 USD
+0.03 (+0.23%)
Overall RIVN gets a technical rating of 2 out of 10. RIVN has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
RIVN is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
RIVN is one of the better performing stocks in the Automobiles industry, it outperforms 75% of 37 stocks in the same industry.
RIVN has an average volume of 44000200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
Looking at the yearly performance, RIVN did better than 75% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
RIVN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RIVN is lagging the market.
Considerably lower volume is observed in the last couple of days.
RIVN has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
11.51
15.97
We found 3 important support areas.
- Support @12.93 from a trend line in the daily time frame.
- A support zone ranging from 12.15 to 12.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 11.63 to 11.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 13.42 to 13.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 15.33 to 15.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for RIVN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RIVN is down. |
| ChartMill Relative Strength | 75.22 | POSITIVE | RIVN has a high relative strength, it outperformed 75.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RIVN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RIVN is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RIVN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.32 | NEUTRAL | The RSI value for RIVN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests RIVN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.46 | OVERSOLD | The low Stochastics value suggests RIVN may be oversold. |
| Average True Range in percent/ATR (20) | 5.04 | HIGH VOLATILITY | The high ATR as a percentage value for RIVN suggests high volalility. |
| Average Directional Index/ADX (14) | 23.46 | NEUTRAL | The ADX value for RIVN suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
13.03
+0.12 (+0.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg0.93%
1 Week1.8%
2 Weeks-4.54%
1 Month-9.39%
3 Month-4.89%
6 Month12.33%
12 Month29.78%
2 Year-19.67%
3 Year-62.74%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.57
ATR(20)%5.04%
ATR Inc-19.92%
Range Today0.35
ADR(20)0.63
ADR(20)%4.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.22
Mansfield-0.92
10 Day High13.9
10 Day Low12.61
20 Day High16.17
20 Day Low12.61
52 Week High17.15
52 Week Low9.5
CS1 End12.93
CR1 Start13.42
Volume & EV
DER(3)2.5%
DER(5)2.63%
Volume24.00M
Volume Incr-39.97%
Vol(5)27.14M
Vol(50)44.00M