RIVIAN AUTOMOTIVE INC-A (RIVN) Stock Technical Analysis
NASDAQ:RIVN - Nasdaq - US76954A1034 - Common Stock - Currency: USD
Overall RIVN gets a technical rating of 6 out of 10. 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 13.26 - 16.35 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that RIVN is one of the better performing stocks in the market, outperforming 87% of all stocks.
RIVN is one of the better performing stocks in the Automobiles industry, it outperforms 83% of 37 stocks in the same industry.
RIVN has an average volume of 31220200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
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.
Although the technical rating is only medium, RIVN does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 13.41, a Stop Loss order could be placed below this zone.
More info and screens
11.22
16.65
2 important support areas can be observed.
- A support zone ranging from 13.38 to 13.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 11.33 to 11.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 13.58 to 13.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 14.35 to 14.41. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @15.22 from a trend line in the weekly time frame.
- Resistance @16.49 from a horizontal line 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 | 87.98 | POSITIVE | RIVN has a high relative strength, it outperformed 87.98% 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) | DOWN | MIXED | The current price of RIVN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.94 | NEUTRAL | The RSI value for RIVN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests RIVN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.38 | OVERSOLD | The low Stochastics value suggests RIVN may be oversold. |
| Average True Range in percent/ATR (20) | 4.47 | MEDIUM VOLATILITY | The ATR as a percentage value for RIVN suggests some volalility. |
| Average Directional Index/ADX (14) | 17.14 | NEGATIVE | The low ADX value for RIVN suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 13.89 | 13.37 | 0.52 (3.74%) | 25.00% |
| An entry @13.89. This is a Buy Stop order right above the resistance zone. | An exit @13.37. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.52 points, which is 3.74%. | For a 0.94% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of RIVN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
13.57
-0.2 (-1.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg-1.45%
1 Week-2.44%
2 Weeks-1.52%
1 Month-16.95%
3 Month16.98%
6 Month-1.88%
12 Month31.49%
2 Year-18.55%
3 Year-47.28%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.58
ATR(20)%4.47%
ATR Inc1.81%
Range Today0.64
ADR(20)0.58
ADR(20)%4.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.98
Mansfield0.03
10 Day High14.8
10 Day Low13.26
20 Day High16.35
20 Day Low13.26
52 Week High18.86
52 Week Low9.5
CS1 End13.41
CR1 Start13.58
Volume & EV
DER(3)0.9%
DER(5)1.16%
Volume28.26M
Volume Incr-25.04%
Vol(5)23.82M
Vol(50)31.22M