RIVIAN AUTOMOTIVE INC-A (RIVN) Stock Technical Analysis
NASDAQ:RIVN - Nasdaq - US76954A1034 - Common Stock - Currency: USD
Overall RIVN gets a technical rating of 2 out of 10. Although RIVN is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
RIVN is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
RIVN is part of the Automobiles industry. There are 41 other stocks in this industry. RIVN outperforms 92% of them.
RIVN has an average volume of 32114700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that RIVN is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
In the last month RIVN has a been trading in the 10.36 - 13.49 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, RIVN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 11.86. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for RIVN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
9.93
16.57
We found 5 important support areas.
- Support @11.34 from a trend line in the daily time frame.
- A support zone ranging from 10.90 to 11.02. 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.
- Support @10.32 from a horizontal line in the weekly time frame.
- Support @10.03 from a horizontal line in the weekly time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 11.86 to 12.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 12.42 to 12.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.26 from a trend line in the weekly time frame.
- Resistance @15.45 from a trend line in the weekly time frame.
- Resistance @16.41 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.48
Mansfield-0.22
10 Day High12.18
10 Day Low10.56
20 Day High13.49
20 Day Low10.36
52 Week High18.86
52 Week Low8.84
Performance
1 Week-5.57%
2 Weeks1.34%
1 Month-6.81%
3 Month-11.04%
6 Month8.71%
12 Month25.66%
2 Year-11.39%
3 Year-62.43%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.04
RSI(14)46.59
LBB10.72
UBB12.34
11.36
+0.21 (+1.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg1.88%
1 Week-5.57%
2 Weeks1.34%
1 Month-6.81%
3 Month-11.04%
6 Month8.71%
12 Month25.66%
2 Year-11.39%
3 Year-62.43%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.92
ATR(20)%8.02%
ATR Inc-30.62%
Range Today0.49
ADR(20)0.87
ADR(20)%7.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.48
Mansfield-0.22
10 Day High12.18
10 Day Low10.56
20 Day High13.49
20 Day Low10.36
52 Week High18.86
52 Week Low8.84
CS1 End11.34
CR1 Start11.86
Volume & EV
DER(3)3.24%
DER(5)3%
Volume23.03M
Volume Incr-33.06%
Vol(5)23.61M
Vol(50)32.11M