RIVIAN AUTOMOTIVE INC-A (RIVN) Stock Technical Analysis
NASDAQ:RIVN - Nasdaq - US76954A1034 - Common Stock - Currency: USD
Taking everything into account, RIVN scores 0 out of 10 in our technical rating. RIVN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, RIVN is a bad performer in the overall market: 87% of all stocks are doing better.
In the last month RIVN has a been trading in the 11.57 - 14.51 range, which is quite wide. It is currently trading near the lows of this range.
RIVN has an average volume of 31387500 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, the long term trend is neutral. Not much exciting going on here.
RIVN is an average performer in the Automobiles industry, it outperforms 43% of 38 stocks in the same industry.
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.
Volume is considerably higher in the last couple of days.
The technical rating of RIVN is bad and it also does not present a 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
9.93
15.33
2 important support areas can be observed.
- A support zone ranging from 11.63 to 11.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.03 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 13.17 to 13.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.91 from a horizontal line in the daily time frame.
- A resistance zone ranging from 14.40 to 14.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.18 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for RIVN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RIVN is down. |
| ChartMill Relative Strength | 13.11 | NEGATIVE | RIVN has a low relative strength, it was outperformed by 86.89% 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) | DOWN | NEGATIVE | The current price of RIVN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of RIVN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35 | 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. |
| Stochastics (14,3) | 8.96 | OVERSOLD | The low Stochastics value suggests RIVN may be oversold. |
| Average True Range in percent/ATR (20) | 5.09 | HIGH VOLATILITY | The high ATR as a percentage value for RIVN suggests high volalility. |
| Average Directional Index/ADX (14) | 17.1 | 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)
11.79
-0.28 (-2.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg-2.32%
1 Week-4.77%
2 Weeks-15.85%
1 Month-9.52%
3 Month-17.32%
6 Month-5.53%
12 Month-15.48%
2 Year-48.13%
3 Year-63.96%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.55
ATR(20)%5.09%
ATR Inc-10.18%
Range Today0.51
ADR(20)0.56
ADR(20)%4.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.11
Mansfield-1.5
10 Day High14.07
10 Day Low11.57
20 Day High14.51
20 Day Low11.57
52 Week High17.15
52 Week Low9.5
CS1 End11.7
CR1 Start13.17
Volume & EV
DER(3)1.14%
DER(5)-0.62%
Volume31.60M
Volume Incr38.54%
Vol(5)49.08M
Vol(50)31.39M