RIVN 's stock price, which has dropped by nearly 80% since September 2022, has started to move upward again in November 2024 with renewed demand. The possibility of retesting the trendline formed during the 2022-2024 period has strengthened with the demand seen in the past month.
If this upward movement continues, the initial price target could be $19. Should the trend persist, price movements could extend to $28 and even $41.
Trade active
trendline is going to be passed soon.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.