RIVIAN AUTOMOTIVE INC. - Daily - Technical analysis published on 04/22/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
83%
11%
My opinion
Bearish under 35.83 USD
My targets
32.99 USD (-1.23%)
17.00 USD (-49.10%)
My analysis
RIVIAN AUTOMOTIVE INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 35.83 USD. The next support located at 32.99 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 17.00 USD. Below this support, sellers could then target 0.54 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
8.6
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This analysis was given by magic23. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The RIVIAN AUTOMOTIVE INC. rating is 33.40 USD. The price is lower by -1.07% since the last closing and was between 33.27 USD and 34.67 USD. This implies that the price is at +0.39% from its lowest and at -3.66% from its highest.33.27
34.67
33.40
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by RIVIAN AUTOMOTIVE INC.:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of RIVIAN AUTOMOTIVE INC. in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Three black crows
Type : Bearish
Timeframe : Daily
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 33.40 | 35.83 | 53.90 | 104.47 |
| Change (%) | - | +7.28% | +61.38% | +212.78% |
| Change | - | +2.43 | +20.50 | +71.07 |
| Level | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.49 | 30.43 | 32.10 | 35.04 | 36.71 | 39.65 | 41.32 |
| Camarilla | 32.49 | 32.92 | 33.34 | 33.76 | 34.18 | 34.61 | 35.03 |
| Woodie | 26.85 | 30.11 | 31.46 | 34.72 | 36.07 | 39.33 | 40.68 |
| Fibonacci | 30.43 | 32.19 | 33.28 | 35.04 | 36.80 | 37.89 | 39.65 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.99 | 35.07 | 37.83 | 39.91 | 42.67 | 44.75 | 47.51 |
| Camarilla | 39.26 | 39.70 | 40.15 | 40.59 | 41.03 | 41.48 | 41.92 |
| Woodie | 33.33 | 35.24 | 38.17 | 40.08 | 43.01 | 44.92 | 47.85 |
| Fibonacci | 35.07 | 36.92 | 38.06 | 39.91 | 41.76 | 42.90 | 44.75 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.54 | 17.00 | 33.62 | 50.08 | 66.70 | 83.16 | 99.78 |
| Camarilla | 41.14 | 44.18 | 47.21 | 50.24 | 53.27 | 56.31 | 59.34 |
| Woodie | 0.62 | 17.04 | 33.70 | 50.12 | 66.78 | 83.20 | 99.86 |
| Fibonacci | 17.00 | 29.64 | 37.44 | 50.08 | 62.72 | 70.52 | 83.16 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 33.70 | |
| MACD (12,26,9): | -3.7600 | |
| Directional Movement: | -19.09 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 35.73 | |
| Parabolic SAR (0,02-0,02-0,2): | 42.07 | |
| Elder Ray (13): | -4.78 | |
| Super Trend (3,10): | 44.72 | |
| Zig ZAG (10): | 33.64 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 1.98 | |
| TEMA (21): | 35.87 | |
| Williams %R (14): | -97.02 | |
| Chande Momentum Oscillator (20): | -8.52 | |
| Repulse (5,40,3): | -15.2600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.9500 | |
| Courbe Coppock: | 43.49 |
| MA7: | 37.54 | |
| MA20: | 42.14 | |
| MA50: | 48.32 | |
| MA100: | 68.57 | |
| MAexp7: | 36.68 | |
| MAexp20: | 40.64 | |
| MAexp50: | 50.09 | |
| MAexp100: | 70.59 | |
| Price / MA7: | -11.03% | |
| Price / MA20: | -20.74% | |
| Price / MA50: | -30.88% | |
| Price / MA100: | -51.29% | |
| Price / MAexp7: | -8.94% | |
| Price / MAexp20: | -17.81% | |
| Price / MAexp50: | -33.32% | |
| Price / MAexp100: | -52.68% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on RIVIAN AUTOMOTIVE INC. at the time of the analysis were as follows:
- Rivian Hires Anisa Kamadoli Costa as First Chief Sustainability Officer
- Rivian CFO to Participate in The Bank of America Securities 2022 Global Automotive Summit
- Rivian Sets Date for Release of First Quarter 2022 Results
- Rivian Produced 2,553 Vehicles in Q1 2022
- Rivian Hires Frank Klein as Chief Operations Officer
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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