RIVN - A competitor for Tesla?Rivian Automotive (RIVN) stock has recently hit a new 52-week low due to various factors, making it a highly volatile investment. The company's lower-than-expected production output in 2023, cash burn rate, and intensifying EV truck market competition have contributed to this decline. RIVN's Q1'23 deliveries beat estimates, but its 9.39K quarterly production remains unimpressive compared to the 50K annual guidance for FY2023. Furthermore, the company's cash burn rate is unsustainable, with a reliance on debt and capital raises until it achieves positive cash flow.
Increased competition in the EV truck market is also a concern, with Ford and General Motors reporting success in their respective segments. Rivian's R1T has garnered positive reviews, but its price is significantly higher than competitors' base models. The stock remains suitable for investors with higher risk tolerances and a long-term investing trajectory. Despite recent recovery, RIVN's uncertain outlook combined with the macroeconomic environment makes the stock very unattractive.
From a technical perspective, we may see a move to the upside that reaches the pink area marked on the chart between $17 and $18 but the higher probability move is a continuation to the downside, either from here or from the target area.
We will keep you updated on any changes we see on the chart. In the meantime, please trade with care and stay safe!
RIVN trade ideas
LOOKING FOR TRADESHello,
Looking for trades using structured patterns is very helpful in trading the markets. The above/below shows how you can identify this moves for you to be aware of what to expect.
An impulse is a strong move in one direction mostly referred to as the trend. From this its clear that we are in a downward trend for this stock. Tradingview also allows you to check and review Financial statements of cos by just clicking on any earnings date. This tells you where a company is at and where it is going.
Good luck
FALLING WEDGE BREAKOUT Some positive fundamentals released regarding rivians Q1 sales are creating a nice breakout in this falling wedge formation.
I believe rivian has received a lot of negative reaction over the last few weeks, however, i believe it cannot get much worse than what the sentiment is right now.
With some good news finally starting to be seen in rivian, we could definitely see shares rebound up to the $20 level.
Trade safe guy, happy trading!
Nothing has changedNothing in my count has changed. I believe we will get a decent drop into possibly this afternoon/beginning of next week with a higher chance of the latter. When we finally do get a drop I will be able to give more accurate end points for this wave 5 of C.
When we do finally bottom I think Rivian stock will take off. If it follows Tesla then I don't think we will ever see these prices again. Electric vehicles are the future rather we want them or not. Rivian is uniquely positioned to gain from this adaption and are actively attempting to expand at a time when the economy is contracting. It will be interesting over the course of 10-30yrs which EV's make it or not. I putting my cards on Tesla #1 & Rivian #2.
Bonam Fortunam,
--Tyler
Still working our way downSo far Rivian is still playing by the rules. I have updated my count to reflect this latest move up. We could potentially go up to the $15 area before we resume our decline to our final destination. That would put us around the 0.5 fib line of this wave 3 retrace. Still patiently waiting for it to hit my target box before I buy any.
Bonam Fortunam,
--Tyler
Does Rivian have more to give?We hit my wave 5 of iii in my last post and started our retrace for wave iv. We've already hit the 1.0 fib line of A-B @ $13.5 so that could be all it gives us for a retrace. The next motive wave we embark on SHOULD carve out our bottom.
I will update more frequently and with more detail as that time approaches. If my thoughts are right it should start to descend tomorrow along with the S&P(which I am short as of this writing). Feel free to ask questions or PM me!!
Bonam Fortunam,
--Tyler
Rivian the next 100 bagger stock or money pit?Buy low and sell high, simple as that right? I wish it was. Charts alone dont show the whole picture.
Rivian has a math problem. They are a sales grower, but they burn cash until they dont.
They are burning 1.5 ish billion a quarter and have 8 billion ish left from IPO.
Price to tangible book is now below 1.00 showing investor losing faith.
Is wave iii over??Rivian barely made it into my target box today for our wave 5 of iii, however, it along with its retrace was VERY VERY quick. So, although one could technically state we hit BOTH targets today...that is not my primary analysis. I feel we will still work our way down and have a more solid move into the box.
Still no trades on Rivian yet. I decided NOT to sell what stock I have of Rivian, but will load up with around 500-600+ extra shares when I feel we hit bottom. Stay patient y'all!!!
Bonam Fortunam,
--Tyler
Rivian is behaving....so farNot much to add with this post. I changed it to a line graph to help drown out some of the volatility and improve clarity. Rivian appears to have hit both my wave 3&4 targets since my last post. However, it was very quick and would not surprise me if we haven't actually finished Wave 3. Chart shows my targets and they haven't changed.
We shall see what happens Monday. My hope is we hit wave iii and then start our wave iv retrace but I doubt it'll be that quick.
Bonam Fortunam,
--Tyler
Still has some work to do to prove bottom is closeNot going to spend a whole lot of time on this as my graph is self explanatory. These are the targets I am expecting Rivian to follow if it follows a "NORMAL" path...but when is it ever normal.
I plan on adding more to my long term position around $11-$12. When the time comes closer, I will update you on any trades I make.
Bonam Fortunam,
--Tyler
I couldn't resist buying some RIVIAN!ENGLISH
NOTE: I do think the entire market still has a ton of downside to go. This is a long term investment, but I will start investing at this price.
TO CONSIDER:
1. Rivian is the ONLY other electric car maker beyond Tesla that is actually mass producing units at a rapid pace.
I like to use Lucid as a comparison, because they've been around forever and they can't deliver within their own production.
2. Rivian has also acquired and is scaling their facilities by 4 million SQ FT. This will allow for more vehicles to be produced, and also new longer range batteries and more.
3. They are being valued at numbers from their first couple of investment rounds.
4. It's NOT a shitcoin and it's down about 92% from ATH.
5. The reason why the price is coming down, is because they missed expectations by (what I consider) NOTHING, and also they had another recall that is very easy and extremely cheap to fix for all owners.
6. Remember the AMAZON ELECTRIC VEHICLES? yup, still making them for them.
These are all the simple reasons beyond their own product I'm buying Rivian today.
I own a Rivian and the product is fantastic. I don't doubt they will make it in the future. Specially knowing, their production side is solid.
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ESPANOL
NOTA: Creo que todo el mercado todavía tiene muchas desventajas por recorrer. Esta es una inversión a largo plazo, pero comenzaré a invertir a este precio.
A CONSIDERAR:
1. Rivian es el ÚNICO otro fabricante de automóviles eléctricos, además de Tesla, que en realidad está produciendo unidades en masa a un ritmo rápido.
Me gusta usar Lucid como comparación, porque han existido desde siempre y no pueden cumplir con su propia producción.
2. Rivian también ha adquirido y está ampliando sus instalaciones por 4 millones de pies cuadrados. Esto permitirá que se produzcan más vehículos, y también nuevas baterías de mayor alcance y más.
3. Están siendo valorados en números de sus primeras rondas de inversión.
4. NO es una 'SHITCOIN' y está un 92% por debajo de su alto historico.
5. La razón por la que el precio está bajando es porque no cumplieron con las expectativas por (lo que considero) NADA, y también tuvieron otro retiro del mercado que es muy fácil y extremadamente económico de arreglar para todos los propietarios.
6. ¿Recuerdas los VEHÍCULOS ELÉCTRICOS AMAZON? Sí, todavía los hago para ellos.
Estas son todas las razones simples más allá de su propio producto por las que estoy comprando Rivian hoy.
Tengo un Rivian y el producto es fantástico. No dudo que lo hagan en el futuro. Especialmente sabiendo, su lado de producción es sólido.
RIVIAN IS ABOUT TO GET CREAMED!!Rivian has been on a downward slide for some time now. Finally, with some newfound powers, I believe I can put a more accurate count to this mess.
Let's begin with the LEADING DIAGNOL in the beginning. On the chart I labeled a (1), this is our first motive wave. As you see there is overlap between wave 1 and wave 4 within this motive wave. The only way this is allowed is by it being a diagonal, rather it be leading or ending. In this case it is obviously a LEADING.
We then declined nicely for our Wave 3 down to the 1.5 fib line. After this we retraced in our wave (4) in an overlapping fashion. I believe we could still have OMH left up to the 1.0 Fib line @ $22.53. If we do make it to here, I believe we will see a reaction to the downside which will likely conclude anywhere from $9.23-$12.07 at the 1.786-2.0 Fib lines.
If price reaches the 1.0 Fib line and then heads down, I will most likely sell the stock I have with the intention of buying back at the lower price target. If I do so I will make a post on here to update my followers.
Bonam Fortunam,
--Tyler
Rivian Making silence but deadly moves. New uptrend? This is only the second pull back in the trend up. Could be a great time to start buying. I like 19$ if it gives it to us. 19.50 is the uptrending support.
20.20 could be a level to claim as new support for a long trade. I am inclined to take a swing long up on this.
Risk-On - A Disinflation Trade [Rivian +50%?]Non-Farm Payroll numbers showed a decrease in wage growth inflation supporting the disinflationary narrative, bullish for equities. Even-though, the unemployment rate fell to a multi-decade low of 3.49%, signals of slowing wage inflation were all markets cared about. Over the next couple of months more disinflationary data will be coming out. Financial conditions started easing around October as inflation peaked signaling future rate cuts and a path to the fed's 2% target. It's natural for steep increases in short term rates to decrease long term rates and ease financial conditions. Just as wage inflation data came in support of a disinflationary report, I expect headline CPI to fall as we saw rates decline and energy cheapen. It seems like recession in 2023 is now consensus view. Even though, I disagree with this due, to a historically low unemployment rate, healthy personal expenditure and higher gdp. Pricing in a recession puts downward pressure of prices and rates, which are bullish for equities. A (best case) scenario that induces rate cuts is to avoid a recession and maintain a low unemployment rate and decreasing inflation rate. Rivian and Tesla stock prices move very similar to each other. EV stocks such as these are priced and valued based on future production/success. As the share of electrical cars grows in the US, demand for EVs increase. As a result, these companies need too borrow money to fund their future growth. As real rates (TIP) decreases, higher future growth is supported. Looking for 19,21 or 24 on this Rivian trade. The trade will reverse in 1-3 months as markets realize that more tightening will be needed. The easing of financial conditions since October will reapply upward pressure on inflation. But, first the disinflationary narrative must run its course.