16.67 USD
-0.39 (-2.29%)
16.7199 USD
+0.05 (+0.3%)
Taking everything into account, RIVN scores 6 out of 10 in our technical rating. In the last year, RIVN was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month RIVN has a been trading in the 16.58 - 22.69 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- RIVN is one of the better performing stocks in the Automobiles industry, it outperforms 85% of 36 stocks in the same industry.
- RIVN has an average volume of 50210300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- Looking at the yearly performance, RIVN did better than 83% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- 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.
RIVN has an average technical rating and it also does not offer a high quality setup 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
12.27
18.94
We found 5 important support areas.
- A support zone ranging from 16.66 to 16.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.37 from a trend line in the weekly time frame.
- Support @13.39 from a horizontal line in the daily time frame.
- A support zone ranging from 12.73 to 12.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.39 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 18.54 to 18.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily 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 | UP | POSITIVE | The long term trend for RIVN is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RIVN is down. |
| ChartMill Relative Strength | 83.21 | POSITIVE | RIVN has a high relative strength, it outperformed 83.21% 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) | UP | POSITIVE | The current price of RIVN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.79 | NEUTRAL | The RSI value for RIVN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.53 | NEGATIVE | The MACD value suggests RIVN has a negative trend. |
| Stochastics (14,3) | 5.22 | OVERSOLD | The low Stochastics value suggests RIVN may be oversold. |
| Average True Range in percent/ATR (20) | 7.21 | HIGH VOLATILITY | The high ATR as a percentage value for RIVN suggests high volalility. |
| Average Directional Index/ADX (14) | 21.58 | 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)
16.67
-0.39 (-2.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg-2.29%
1 Week-13.27%
2 Weeks-14.12%
1 Month-5.45%
3 Month27.94%
6 Month21.68%
12 Month17.31%
2 Year8.88%
3 Year-14.07%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.1
ATR(20)%7.21%
ATR Inc-38.85%
Range Today0.66
ADR(20)1.14
ADR(20)%6.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.21
3 months CRS91.98
6 months CRS81.39
Mansfield0.66
10 Day High20.95
10 Day Low16.58
20 Day High22.69
20 Day Low16.58
52 Week High22.69
52 Week Low10.36
CS1 End16.66
CR1 Start18.54
Volume & EV
DER(3)-2.86%
DER(5)-1.55%
Volume26.92M
Volume Incr-29.48%
Vol(5)32.65M
Vol(50)50.21M
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 6 / 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 Bullish.
What is the RSI signal for RIVN stock?
RIVIAN AUTOMOTIVE INC-A (RIVN) has an RSI value of 35.7889. 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 -0.525399, 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 negative.