We assign a technical rating of 9 out of 10 to RIVN. Both in the recent history as in the last year, RIVN has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although RIVN has an excellent technical rating, the quality of the presented setup is not ideal 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.
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12.25
We found 4 important support areas.
- A support zone ranging from 14.65 to 14.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 13.28 to 13.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.79 from a horizontal line in the weekly time frame.
- A support zone ranging from 12.37 to 12.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @15.27 from a trend line in the weekly time frame.
- A resistance zone ranging from 15.76 to 15.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @16.49 from a horizontal 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 | UP | POSITIVE | The long term trend for RIVN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RIVN is neutral. |
| ChartMill Relative Strength | 90.62 | POSITIVE | RIVN has a high relative strength, it outperformed 90.62% 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) | 51.23 | NEUTRAL | The RSI value for RIVN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests RIVN has a negative trend. |
| Stochastics (14,3) | 41.06 | NEUTRAL | The Stochastics value for RIVN is a neutral value. |
| Average True Range in percent/ATR (20) | 7.54 | HIGH VOLATILITY | The high ATR as a percentage value for RIVN suggests high volalility. |
| Average Directional Index/ADX (14) | 22.83 | NEUTRAL | The ADX value for RIVN suggests a possible start of a new trend. |
14.86
+0.2 (+1.36%)
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 9 / 10 to RIVN.
What is the trend direction for 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 51.2257. This indicates that the stock is currently neutral.
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.
Can you provide the support and resistance levels for RIVIAN AUTOMOTIVE INC-A?
RIVIAN AUTOMOTIVE INC-A (RIVN) has a support level at 14.81 and a resistance level at 15.27. Check the full technical report for our detailed analysis of RIVN support and resistance levels.