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RIVIAN AUTOMOTIVE INCRIVIAN AUTOMOTIVE INCRIVIAN AUTOMOTIVE INC

RIVIAN AUTOMOTIVE INC

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RIVN trade ideas

Ravin NASDAQ:RIVN we have two possibilities either it’s an impulsive and we are in wave four of a correction to heads back up or we head down to retracement between 11.54 to 11.19 As of this moment just made his third wave of c back up is the move up it is wave 4 of c and is heading down back into a small box with the blue labeled as five of C if it stopped over there in that ratios, it will heads up then he should be this is wave 4 and will head back up to wave five But to be honest with you, it looks like correction for Wave 4 also, could be wrong and that have completed an ABC wave and will try to head back down
NASDAQ:RIVN
by Alibaba5151
3
Rivian Introduces Affordable R2 SUV and R3 CrossoversRivian ( NASDAQ:RIVN ), the innovative electric vehicle (EV) maker, unveils its latest offerings - the smaller and more affordable "R2" SUVs and "R3" crossovers, signaling a strategic shift in response to changing market dynamics within the EV industry. Key Highlights: - Rivian's ( NASDAQ:RIVN ) introduction of the R2 SUVs, priced at $45,000, aims to address the slowdown in EV demand exacerbated by high interest rates. - The decision to produce the R2 at Rivian's existing facility in Illinois reflects a strategic pivot to ensure timely deliveries by 2026 while reducing capital expenditure and mitigating launch risks. - Rivian anticipates saving over $2.25 billion through this decision, reaffirming its commitment to fiscal prudence and operational efficiency. - The R2, a five-seater variant offering over 300 miles of range, is poised to play a pivotal role in Rivian's success amidst intensifying competition in the EV market. Challenges and Opportunities: Rivian ( NASDAQ:RIVN ) acknowledges the hurdles in ramping up production and stimulating demand beyond early adopters, particularly in the SUV and pickup segment. The unveiling of the R3 crossover and its more potent variant, R3X, underscores Rivian's proactive approach to diversifying its product lineup and appealing to a broader customer base. With SUVs and crossovers gaining traction in the U.S., Rivian's strategic focus on affordability and versatility positions it to capitalize on evolving consumer preferences and foster widespread EV adoption. Future Outlook: Rivian's foray into the mid-priced EV market signifies a pivotal moment in its growth trajectory, signaling its commitment to democratizing electric mobility. As Rivian ( NASDAQ:RIVN ) navigates the complexities of production scalability and market penetration, its ability to offer compelling EV solutions at scale will be instrumental in reshaping the automotive landscape. Conclusion: Rivian's ( NASDAQ:RIVN ) unveiling of the R2 SUVs and R3 crossovers marks a significant milestone in its quest to redefine the EV market. By prioritizing affordability, adaptability, and innovation, Rivian ( NASDAQ:RIVN ) demonstrates its unwavering commitment to driving sustainable mobility and shaping the future of transportation.
NASDAQ:RIVNLong
by DEXWireNews
Rivian is struggling. Trade idea for 27/02/2024Electric car manufacturer Rivian Automotive Inc. reported financial results for Q4 2023, according to which the loss per share amounted to 1.36 USD and the company's revenue reached 1.31 billion USD. Analysts had expected a loss of 1.35 USD per share, which led to a decline in quotes. Rivian expects vehicle deliveries in Q1 2024 to be around 10-15% lower than in Q4 2023. The company must also lay off 10% of its full-time employees. However, Rivian has an agreement with AT&T Inc. for the pilot supply of SUVs and vans. Therefore, the issuer has the prospect of increasing revenue above current expectations. Given these circumstances, we have chosen to examine the Rivian Automotive, Inc. (NASDAQ: RIVN) stock chart. On the D1 timeframe, support has formed at 10.06, with resistance at 16.55. Quotes hit a historical low since the company's IPO. Conditions have appeared for corrective growth and a return to the boundaries of the 12-20 channel. Furthermore, quotes are expected to remain within the side channel. A breakout of its upper limit may become possible after news about Rivian's sales growth or a strong Q1 2024 report. On the H1 timeframe, a rebound from the 10.06 level could set a short-term target for a price increase at 14.56, while in the medium term, it could hover around 19.57. Also, we cannot rule out a decrease to around 9. In this case, the targets mentioned above remain the same but have more significant potential for recovery growth. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NASDAQ:RIVN
by RoboMarkets
Rivian ($RIVN) Rebounds From Record Low In Premarket MoveShares of Rivian Automotive, Inc. ( NASDAQ:RIVN ) rose in premarket trading on Monday after the battering they received last week in the aftermath of the electric vehicle startup's quarterly report. The stock plummeted by about 38% in the week ended Feb. 23 and closed at a record low after the company announced 2024 deliveries guidance that fell notably below Street expectations. Following the earnings, sell-side analysts lowered their forward estimates for the company and, as an extension, their price targets for the stock. Rivian Inc. ( NASDAQ:RIVN ) also suffered downgrades in the hands of JPMorgan, UBS and Truist Securities. JP Morgan downgraded the stock from Neutral to Underweight and reduced its price target from $20 to $11. UBS downgraded the stock from Buy to Sell and lowered the price target from $24 to $28. Truist cut its rating on the stock from Buy to Hold and took down the price target from $26 to $11. Monday's rebound could be because the sell-off may have been overdone. Following last week's dismal stock performance, Tesla investor Gary Black defended the company. He flagged the company's likelihood of emerging as a credible number two to Tesla by 2030. The company has a key catalyst in the near term as the Irvine, California-based company gears up to launch its second-gen R2 low-priced EV on Mar. 7. For a reversal, the stock should fill the gap formed when it gapped down following the quarterly results and go past a key resistance around the $16 area. The stock is currently in oversold territory, going by its relative strength index. In premarket trading, Rivian ( NASDAQ:RIVN ) rose 1.09% to $10.18 and suddenly plummeted by about 2%.
NASDAQ:RIVN
by DEXWireNews
RIVN guides itself lower- but is it a dip buy? SHORTRIVN spends more to produce of its nice truck than it sells them for. This is a recipe for a disaster which is now baking in the oven Earnings have plummeted. If guidance was better than realities forecast there might be a dip buy here. i have a variety of positions shorting RIVN when it runs a countertrend correction I will take a hedging long position until the correction is over. I use these shorts to balance my portfolio against risk from an overall falling market. Balanced in short vs long positions dollar for dollar and in the options balanced in expiration times spread across the next almost two years. I find this keeps the portfolio safe. I also look to LCID for a similar scenario while having a bullish bias on WKHS. NKLA is a whole 'nother story. SHORT RIVN do not dip buy . The chart is what you might expect. The disaster is what it is. This is basically a falling wedge and no where near impending a breakout upside.
NASDAQ:RIVNShort
by AwesomeAvani
Rivian Update: Is the bottom near?As I said in my last post, we're past standard fibs and have extended to the downside in the micros. As for the larger pattern, the standard end for an ABC is between the 1.0-1.382 with possible extensions down to the 1.618 fib. At this time, I want to make things as simple as possible and concentrate on only the current pattern in front of us, so I have removed the yellow fibs. This leaves us with only one set of fibs to guide us, and they're from the downside pattern starting at the 27 July 2023 high. Looking at only this, we can then deduce a possible conclusion for this thing to finally bottom. If it is to be a standard ABC down, it should end within the target box drawn. Worst case scenario, according to this count, is price extends down to the 1.618 @ $8.84. Should price bottom in the box drawn though, it should then rally to at least $19-$23. If it extends to the 1.618 then the target area for a retrace is $18-$22. How long this takes idk. It is a corrective structure, and they can happen quickly or be very drawn out. For now, this is all we have to go off of to form our thesis. MACD always makes its low within the A wave of a corrective pattern. As of now, that low is still in the beginning of Oct 2023.
NASDAQ:RIVN
by TSuth
33
Rivian Plans Cut to 10% of Salaried Staff Rivian Automotive Inc., ( NASDAQ:RIVN ) to cut 10% of its salaried workforce and set production guidance well below Wall Street’s expectations as the maker of electric vehicles grapples with stagnant demand and economic turbulence. Rivian Automotive Inc., ( NASDAQ:RIVN ) will build 57,000 vehicles this year, roughly in line with its 2023 output, according to a statement Wednesday that also detailed fourth-quarter results. The forecast fell far short of analysts’ average estimate of more than 80,000 units in 2024. “Our business is not immune to existing economic and geopolitical uncertainties,” Chief Executive Officer RJ Scaringe said on a conference call. “Most notably, the impact of historically high interest rates, which has negatively impacted demand.” Rivian’s shares fell 16% to $12.98 as of 6:32 p.m. after regular trading in New York. Rivian ( NASDAQ:RIVN ) had already tumbled 34% this year through Wednesday’s close. Rivian ( NASDAQ:RIVN ) expects an adjusted loss before interest, taxes, depreciation, and amortization of $2.7 billion for the full year. That outlook underscores the challenge of scaling production and stemming losses in an environment of waning consumer demand for battery-powered vehicles. The automaker has aimed to challenge EV market leader Tesla Inc. following Rivian’s blockbuster stock listing in 2021, but it has since dealt with supply-chain woes and other challenges. The layoffs, part of an aggressive cost-cutting effort, follow job reductions last year and in 2022. Capital expenditures this year will rise to more than $1.7 billion, Rivian ( NASDAQ:RIVN ) said, up from a little over $1 billion in 2023. It had initially forecast spending on the order of $2 billion last year. Rivian ($RIVM) builds two consumer EVs and a battery-electric delivery van at a sole plant in Normal, Illinois. There’s a second factory in the works near Atlanta, where it plans to build its first mass-market, lower-priced EV starting in 2026. Rivian Automotive Inc., ( NASDAQ:RIVN ) reported an adjusted loss last quarter of $1.36 a share, compared with an average $1.33 deficit in estimates. Revenue of $1.32 billion narrowly topped expectations. Rivian ( NASDAQ:RIVN ) lost more than $40,000 on every vehicle it delivered in the last three months of the year, more than the loss of a little over $30,000 per vehicle in the third quarter. The company attributed that, in part, to delivery of fewer lower-cost vans to Amazon.com. The quarterly loss showed improvement compared with the $124,000 it lost on every vehicle a year ago due to supply chain issues.
NASDAQ:RIVN
by DEXWireNews
RIVIAN Is this earnings slump a buy opportunity in disguise?Rivian Automotive (RIVN) missed earnings by $0.01 and that is expected to put extreme pressure on the stock price on the short-term. However, are those short-term tensions a buy opportunity in disguise? Well for the long-term, Rivian remains within our technical model as every significant correction since the start of 2023 has been within the -47% and -48% range. That gives a floor price of $12.75, with only weekly closings below it being potentially dangerous for disrupting the long-term outlook. An oversold 1D RSI (at or below 30.00) is a technical buy entry and there are two bullish scenarios unfolding for Rivian one on the short and one on the medium-term. The short-term scenario includes a +62.74% like the November 10 2023 - December 20 2023 rebound, with a $21.00 Target, which would make a 1W MA100 (yellow trend-line) test. The medium-term scenario is modelled out of the April 26 2023 - July 27 2023 rise which rallied by +142.79% to the 1.382 Fibonacci extension. A repeat of that gives us a 2nd Target at $31.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:RIVN
by TradingShot
Rivian Update: No good rotten dayToday was not a good day for Rivian to say the least. Maybe, looking back with hindsight, I should've seen this coming. We never hit the 1.0 extension @ $13.07 and that is normally a must have for me. Given all the other signals Rivian was given I chose to chalk this up as one of the rare times the 1.0 wouldn't get hit. We had and still do have major positive divergence despite this hard drop, the micros seemed to be behaving as one would expect for a move higher, price was bouncing around the larger 0.236 extension & in between the 0.618-0.786 retracement fibs. However, we still hadn't hit that 1.0. Then within 1hr of the earnings report, over 2M shares had traded hands and down price went. Well due to all this volatility, we finally hit that elusive 1.0 extension. Somehow, even with the strength of this fall, MACD maintained on the larger timeframes. The question we're all asking now, how low does this thing go? Unfortunately, I can't give that answer right now, but the 1.0 is a very common end point. Those of you that had commented today saying price is going here or there, I encourage you to share with the others how you came to that conclusion. Rather it be different indicators or fibs, it would be nice to know how you came to your conclusions. As of now, the medium and micro counts are obviously busted, and this is a deep retrace for the larger count. According to EWT guidelines, this structure has met all the needed parts to be considered complete. I think it could still easily need another slight low to complete this last move down and bottom on neg div within the micros. It is possible for B waves to extend below the origination of A waves, but for obvious reasons I would prefer that not to happen. Again, if you feel strongly that it will move sub $11.68, I encourage you to post that with evidence and not just feelings. Feelings are obviously running strong right now with people either feeling justified or defeated. With this recent drop, it lowers the larger target for wave (C) to $30.99-$43.56. How long it takes us to get there idk. As long as this count stays intact the end target remains in that area. The lower this count moves the lower that target moves too as long as the count stays intact. MACD gives no inclination the larger count will invalidate, and if anything, verifies this is C of (B) as MACD didn't make a new low. Only time will tell though, after today I wouldn't be surprised if we will get some kind of a retrace tomorrow. If we get a decent one, I may trim some shares to then pick them back up at a lower price. If we don't, I will continue to hold for now. I'm going to be very busy tomorrow so idk how closely I will be able to watch the markets, but if I make any trades, I will post them on here. Don't forget, beginning February 23rd (this Friday), I will be dramatically changing my posting schedule here on trading view. My last regular post / update will be on that day.
NASDAQ:RIVN
by TSuth
22
Rivian Update: Still choppyIf y'all remember, I had a turquoise micro abc pattern headed up to the box. This was suggesting the move up for C of (A) would be a 3-wave move. The reason for this is because c-waves can consist of either 3 or 5 wave moves. This is the exact pathway I believe price is taking. Due to this, I accumulated another 100 shares today in preparation for the upcoming move higher. This brings my total to 720 shares and about 30 options. This count fits in well with what I am expecting from Tesla too. Every chart stands on their own, but Rivian seems to follow Tesla like a lost puppy sometimes. Tomorrow Rivian will release its earnings report and it is expected to have over 90% growth from the same quarter of 2022. This should help boost the stock price OMHO, but price action will most likely be very volatile when it is released. Rivian has recently hired many big names to help steer its ship on the right course of action. I believe that along with the other plethora of good news will be reflected in the structure very soon. I didn't think it would take this long for us to rise in strength, but it is long overdue and with the good news earnings should bring, I have much optimism for tomorrow and the rest of the week. Don't forget, beginning February 23rd (this Friday), I will be dramatically changing my posting schedule here on trading view. My last regular post / update will be on that day.
NASDAQ:RIVN
by TSuth
61
Rivian Update: Headed higherToday was a good day for Rivian as it rose over 5%. If this count is to be the correct one than I anticipate an even stronger move higher either tomorrow or Monday of next week. The reason for this, is I expect MACD to make a new high above the high it made on 09 Feb. in order for the larger count to remain intact. Today on the micro chart MACD made its highest high since the bottom on 25 Jan. This is reassuring at the least. Given where Tesla is in its count, it should help to pull Rivian up with it with the volume it brings. Looking at the chart you may notice I have a turquoise ABC labeled. This just indicates we could get another slight drop lower before launching into the target box. Rather we go straight to the box or get that slight retrace first, all counts point to that next box. Let's see what tomorrow brings. P.S: Notice how all these moves are corrective 3-wave structures? That to me, confirms we are in fact in a larger corrective pattern, and excuses the sloppy price action we have been seeing. Don't forget, beginning February 23rd, I will be dramatically changing my posting schedule here on trading view. My last regular post / update will be on that day.
NASDAQ:RIVN
by TSuth
21
RIVN Rivian Automotive Options Ahead of EarningsIf you haven't sold RIVN after the Recall of Its Vehicles Due to Loose Fasteners: nor reentered the Double Bottom: Then analyzing the options chain and the chart patterns of RIVN Rivian Automotive prior to the earnings report this week, I would consider purchasing the 16usd strike price Calls with an expiration date of 2024-3-1, for a premium of approximately $1.55. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NASDAQ:RIVNLong
by TopgOptions
Rivian Update: Stayed in a rangePrice didn't give us many answers today. We basically stayed in a range, but we didn't make another low either. MACD is rising back towards the zero line, flashed a buy signal, and the positive divergence has held thus far. Price did make a high on neg div in the micros though. So, a slight red day tomorrow is possible especially given where I feel Tesla is in its respective count. Corrective counts are so fun to count, aren't they??? Let's see what tomorrow brings, but Rivian could be waiting for the earnings report to make any big moves. Who knows, maybe by then Tesla would have finally bottomed helping give Rivian the momentum needed to have a strong raise higher. Sorry no answers today, hopefully tomorrow we will get some.
NASDAQ:RIVN
by TSuth
26
Rivian Update: Orange count it isIf y'all remember, Sunday night I posted 3 different possibilities for price to take. The last two days followed my orange count to the T. I also mentioned if we follow orange, I would be buying more shares. Well today I posted in an update that I bought an extra 100 shares and increased my position size by 20%. Where we are in the count, the risk / reward ratio is too good to pass up. We could still head lower if this count is incorrect, but it would only be temporary. Today we dropped to the 0.786 retracement almost to the cent and then began to bounce higher. Structure appears complete, and we have hit standard fibs needed for this B wave to be considered complete. We did bottom on neg div which I am not a fan of. This could indicate price has intentions of making another low before raising higher again. If it does make another low, it should be marginal. Should today be the B wave bottom we've been waiting on, price should start heading higher tomorrow towards the next target box for C of (A). That price target is $17.37-$18.98. Yes, I know other analysts have lowered their targets for Rivian. I honestly don't care what they say lol. I read one article that said they made their decision based only on the idea we're in an "EV winter". They lowered their target over 30% based on that?? Give me a break and do some actual work. As y'all know I make decisions based on hard data and cyclical patterns using EWT. A proven form of analysis that is one of the most accurate forms known in use. Anyway, let me hop off my bandwagon. I will be watching closely tomorrow and will update as needed. Don't forget, beginning February 23rd, I will be dramatically changing my posting schedule here on trading view. My last regular post / update will be on that day.
NASDAQ:RIVN
by TSuth
13