RIVIAN AUTOMOTIVE INC-A (RIVN) Stock Technical Analysis
NASDAQ:RIVN - Nasdaq - US76954A1034 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to RIVN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RIVN is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, RIVN did better than 93% of all other stocks.
RIVN is one of the better performing stocks in the Automobiles industry, it outperforms 86% of 39 stocks in the same industry.
RIVN has an average volume of 34888500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RIVN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RIVN is lagging the market slightly.
In the last month RIVN has a been trading in the 12.52 - 17.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although RIVN has an excellent technical rating, it does not present a decent entry opportunity 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
10.50
16.65
We found 4 important support areas.
- A support zone ranging from 15.36 to 15.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.42 from a trend line in the daily time frame.
- A support zone ranging from 11.15 to 11.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.61 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 16.49 to 16.49. 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 | UP | POSITIVE | The long term trend for RIVN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RIVN is up. |
| ChartMill Relative Strength | 93.08 | POSITIVE | RIVN has a high relative strength, it outperformed 93.08% 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) | 59.47 | NEUTRAL | The RSI value for RIVN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests RIVN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.31 | NEUTRAL | The Stochastics value for RIVN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.27 | HIGH VOLATILITY | The high ATR as a percentage value for RIVN suggests high volalility. |
| Average Directional Index/ADX (14) | 24.1 | 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)
15.37
-0.26 (-1.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg-1.66%
1 Week-5.65%
2 Weeks4.99%
1 Month16.53%
3 Month29.81%
6 Month25.67%
12 Month40.75%
2 Year4.34%
3 Year-51.05%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.9
ATR(20)%5.27%
ATR Inc-6.56%
Range Today1.11
ADR(20)0.78
ADR(20)%5.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.08
Mansfield1.49
10 Day High17.15
10 Day Low14.22
20 Day High17.15
20 Day Low12.52
52 Week High18.86
52 Week Low9.5
CS1 End15.36
CR1 Start16.49
Volume & EV
DER(3)-0.9%
DER(5)-0.87%
Volume36.96M
Volume Incr9.11%
Vol(5)39.50M
Vol(50)34.89M