We assign a technical rating of 10 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, it does not present a decent entry opportunity 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
12.47
4 important support areas can be observed.
- Support @17.49 from a trend line in the daily time frame.
- Support @14.03 from a trend line in the weekly time frame.
- Support @13.28 from a horizontal line in the daily time frame.
- A support zone ranging from 12.60 to 12.62. 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 | 93.23 | POSITIVE | RIVN has a high relative strength, it outperformed 93.23% 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) | 70.11 | OVERBOUGHT | The high RSI value suggests RIVN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests RIVN has a positive trend. |
| Stochastics (14,3) | 94.22 | OVERBOUGHT | The high Stochastics value suggests RIVN may be overbought. |
| Average True Range in percent/ATR (20) | 5.58 | HIGH VOLATILITY | The high ATR as a percentage value for RIVN suggests high volalility. |
| Average Directional Index/ADX (14) | 29.71 | POSITIVE | The high ADX value value for RIVN suggests a strong trend. |
21.75
-0.7 (-3.12%)
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 10 / 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 70.1064. This indicates that the stock is currently overbought.
What is the short term momentum for RIVIAN AUTOMOTIVE INC-A (RIVN) stock?
The short term momentum for RIVIAN AUTOMOTIVE INC-A (RIVN) is positive.
Can you provide the support and resistance levels for RIVIAN AUTOMOTIVE INC-A?
RIVIAN AUTOMOTIVE INC-A (RIVN) has a support level at 17.49. Check the full technical report for our detailed analysis of RIVN support and resistance levels.