RIVIAN AUTOMOTIVE INC-A (RIVN) Stock Technical Analysis
NASDAQ:RIVN • US76954A1034
Taking everything into account, RIVN scores 7 out of 10 in our technical rating. In the last year, RIVN was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- Looking at the yearly performance, RIVN did better than 81% of all other stocks.
- RIVN is one of the better performing stocks in the Automobiles industry, it outperforms 88% of 35 stocks in the same industry.
- In the last month RIVN has a been trading in the 13.58 - 18.48 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- RIVN has an average volume of 38101900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although RIVN has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
12.79
When analyzing the support we can see 3 important areas.
- A support zone ranging from 17.58 to 17.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.39 to 13.44. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @12.92 from a trend line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for RIVN is neutral. |
| ChartMill Relative Strength | 81 | POSITIVE | RIVN has a high relative strength, it outperformed 81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RIVN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RIVN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RIVN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.58 | NEUTRAL | The RSI value for RIVN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests RIVN has a positive trend. |
| Stochastics (14,3) | 48.52 | NEUTRAL | The Stochastics value for RIVN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.1 | HIGH VOLATILITY | The high ATR as a percentage value for RIVN suggests high volalility. |
| Average Directional Index/ADX (14) | 26.95 | POSITIVE | The high ADX value value for RIVN suggests a strong trend. |
17.73
+3.73 (+26.64%)
RIVIAN AUTOMOTIVE INC-A / RIVN FAQ
What is the ChartMill technical rating of RIVIAN AUTOMOTIVE INC-A (RIVN) stock?
ChartMill assigns a technical rating of 7 / 10 to RIVN.
What is the current trend direction of RIVIAN AUTOMOTIVE INC-A (RIVN) stock?
The current trend direction for RIVIAN AUTOMOTIVE INC-A (RIVN) is Bearish.
What is the RSI signal for RIVN stock?
RIVIAN AUTOMOTIVE INC-A (RIVN) has an RSI value of 60.5776. This indicates that the stock is currently neutral.
What is the MACD signal for RIVN stock?
The MACD indicator for RIVIAN AUTOMOTIVE INC-A (RIVN) has a value of 0.251884, indicating a bearish trend.
What is the short term momentum for RIVIAN AUTOMOTIVE INC-A (RIVN) stock?
The short term momentum for RIVIAN AUTOMOTIVE INC-A (RIVN) is neutral.