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Rivian Automotive Inc.Rivian Automotive Inc.Rivian Automotive Inc.

Rivian Automotive Inc.

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RIVN trade ideas

Descending Triangle Earnings today AMC. Price appears to be hemorrhaging today. Perhaps owners are afraid of results this afternoon and getting the heck out of Dodge. I guess there is no telling what the reaction to the news will be. Estimates are lower than last quarter. Short interest is around 9.6% No recommendation/Short with a break of support. ATL 19.25 ATH 179.47. Price is on the verge of breaking support. Upcoming Quarter's Earnings Announce Date 11/9/2022 (Post-Market) EPS Normalized Estimate -$1.83 EPS GAAP Estimate -$1.94 Revenue Estimate $554.06M EPS Revisions (Last 90 Days)* Up-1 Down-9 Group 2 Up-1 Down-10
NASDAQ:RIVN
by lauralea
Is Sub-wave 3 Almost Over?I haven't quite figured out how to better/best predict timing of pricing points. Something I hope to significantly improve on. Nonetheless timing doesn't change price targets. I believe the S&P is set to decline tomorrow in what I hope is wave C of sub-wave 2 of wave 1. If that's the case I'm almost certain Rivian will make its move down to the $25.71 area. Either way, I fully believe Rivian will reach my target area. The only question that I have...is when? 👑💰TEAMWORK MAKES THE DREAMWORK💰👑 ~Tyler
NASDAQ:RIVNShort
by TSuth
The Carnage Isn't Over As stated in my last couple posts Rivian was due for a bigbdrop. The big retracement in the markets attributed to the delay on Rivians price dropping IMO. Nonetheless, the drop was coming regardless of what the market has planned. We are still in our sub-wave 3 of wave 3. $24.5-$25.71 is our target zone before a retrace for sub-wave 4. I'll be able to generate a more reliable target when we finish this sub-wave. As I said before "I AM NOT TRADING RIVIAN YET". When we get closer to the end of wave 3 is where I'll look for an entry to go long in Wave 4. Or I might just wait until wave 5 is done. Depends on what the chart tells us when the time comes. 👑💰TEAMWORK MAKES THE DREAMWORK💰👑 ~Tyler
NASDAQ:RIVNShort
by TSuth
2
Sub-wave 3 of Wave 3Looks like we've finished sub-wave 2 and are about to make our journey down for sub-wave 3. The third wave is most commonly the strongest and longest lasting wave, and we're about to enter sub-wave 3 of Wave 3... $25.71-$24.50 are my next price targets. After that Rivian should rally for a sub-wave 4 up to the $26.90-$28.47 area. S&P should bottom tomorrow or Thursday(I hope) at the latest so I'm not sure if or how much that'll affect Rivians targets. 👑💰TEAMWORK MAKES THE DREAMWORK💰👑
NASDAQ:RIVNShort
by TSuth
Long (but fast) Way to goRivian is obviously still currently in its Wave 3 and has a long way to go. Ideally/normally it will go to AT LEAST the 1.618 Fib line of Wave 1. That price point is $24.99. But Wave 3 is the most common Wave to extend so we will have to wait and see how this plays out. Only time will tell. Short this stock if you really have to, but with the major markets starting to bottom its getting riskier to trade short. I'm waiting for the bottom to go long myself. So for now, I'll watch from the sidelines. 👑💰TEAMWORK MAKES THE DREAMWORK💰👑 ~Tyler
NASDAQ:RIVNShort
by TSuth
The Blame GameTomorrow Rivian should start its next trek down in its Wave 3. Most people will say the stocks falling due to recalls or this or that. Long story short, we knew the stock was going to drop before this news even came out. So, it does nothing to change my strategy. For arguments sake you could say this drop was B of 2. Which would warrant a rise above $37.38. Anything above there and we're still in our wave 2. Looking at our MACD though, I am still confident we are in our wave 3 and will continue our descent tomorrow. 👑💰TEAMWORK MAKES THE DREAMWORK💰👑
NASDAQ:RIVNShort
by TSuth
Rivian Started Its Wave 3 Right on ScheduleAs stated in my thesis last night Rivian was due to start its Wave 3 and play catch up with the market. It has done exactly that, down 8.5% already today. I am eyeing $29.74 @ the 1.786 fib line for a start to a sub-wave iv retrace to about $31-32 potentially. We have to wait until sub-wave ii finishes to have a better idea where sub-wave iv will likely end. I have said before Wave 4 is one of the riskiest time to trade counter trend, let alone a sub-wave iv. I'll be standing on the sidelines for now until we have more clues on our primary Wave 4. If my thesis is right we should have a potential 10-20% profit margin on that trade. Only time will tell. 👑💰TEAMWORK MAKES THE DREAMWORK💰👑 --Tyler
NASDAQ:RIVN
by TSuth
Is Wave 2 Finished?In my chart titled Rivian in its Wave 2?? On Oct 2nd I posted that Rivian was likely about to begin its Wave C of 2 retrace. I was slightly premature with that call and it was the last sub wave 5 of wave 1. After that Rivian dropped from $32.92 $31.02 for 5.8%. In that post i stated "either way its not a good time to trade imo" If you waited it out for clues, you could have bought near that bottom of $31.02 and sold in the box I had labeled "Wave 2" at the .382 Fib line $37.03 for a cool $6.01point 19.4% profit. No one can see the future though. We just have to wait for clues to guide us to what the market is MOST LIKELY going to do. We're now most likely about to start our wave 3 and play catch up with the rest of the markets. There is a possibility of OMH up to the .236 Fib line for $38.45. Either way your trading for pennies at this point. Once we get more clues I can give more detailed price points. However at this time I can only say Wave 3 will most likely conclude around $24.99-$21.27(1.618-2 fib lines). 👑💰TEAMWORK MAKES A DREAMWORK💰👑
NASDAQ:RIVNShort
by TSuth
RIVN - LONG SWING TRADE IDEARIVN could be a potential long trade for a few reasons: First, it is forming a Buy Setup on the daily chart and it just put it a new higher low at an area of strong support On entry, RIVN would be breaking out over three major daily moving averages (9 SMA (Purple), 21 SMA (Blue), 50 SMA (Yellow)) with room to correct to the 200 MA (Orange) In support of the trade, RIVN has been stronger than the market during this recent move lower and it setting up to bounce with the market Additionally, the 2:1 reward to risk is quite reasonable and could be exceeded if RIVN makes a strong move and breaks out of the double top at 41 A trailing stop loss is recommended as this is still a bear market and RIVN does have the double top as resistance. I would expect some price action around 37 as well due to retracement levels and previous areas of minor support/resistance
NASDAQ:RIVNLong
by JLaing
RIVN: A bullish structure? What to expect next?• RIVN dropped sharply in the last few days, however, it is trying to recover now; • For the first time, since the last top (Sep 15), RIVN is doing higher highs/low; • In addition, it seems we see an Ascending Triangle chart pattern; • This is supposed to be a bullish reversal pattern, but this is not a rule. If it loses the purple trend line, it might drop to seek the previous bottom at $31.78; • However, by doing an upwards breakout, it’ll trigger a reversal with a technical target at the previous top, at $40.78; • Either way, RIVN looks interesting, but an upwards breakout will have more upside potential. Remember to follow me for more analysis like this! Keep in touch.
NASDAQ:RIVN
by Nathan_The_Finance_Hydra
Rivian Could Be Forming a RangeElectric vehicles have been in focus since the Inflation Reduction Act boosted green-energy incentives. Let’s check out Rivian Automotive, the truck maker trying to stabilize after a big slide. The main pattern on today’s chart is a parallel channel forming between roughly $30.80 and $40. RIVN initially bounced at the low in mid-June before proceeding to a four-month high. It pulled back to retest that low in late August before rebounding to $40. The stock ended last week back near the bottom of the range. Will investors look for the recent low to provide support? Next, stochastics are nearing an oversold condition. RIVN’s bounce in early September followed a rebound from the oversold low. Traders may watch the oscillator for clues again. Third, in addition to the channel, price is trying to bounce at the 100-day simple moving average (SMA). That could suggest its longer-term trend is getting more bullish. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NASDAQ:RIVN
by TradeStation
1
Last Chance to Buy Rivian Before Major Bull RunThis is a daily chart of EV manufacturer Rivian Automotive ( RIVN ). Price continues to consolidate as the moving averages converge. On the right-hand side is the indicator called the Visible Range Volume Profile (VRVP). This indicator provides a vertical histogram of volume. The volume bars help identify the price ranges where most volume has occurred, which helps traders identify areas of support and resistance. The indicator provides a red line to show the exact price level with the greatest trading volume and therefore the strongest point of support or resistance. When price comes down, as in the case of Rivian, and then forms a red line on the VRVP, it often becomes an important support level. An extremely bullish perspective might even go so far as to surmise that this area of support is the bottom for Rivian and that a major bull run is about to unfold with this red line as its support area. From a Wyckoff analysis, one might conclude that accumulation is occurring. According to that analysis, price can retest the low right before the breakout phase. Also, note Rivian's outperformance in the month of June. Even as inflation and commodities were soaring, major indices were gapping down, and the Fed was accelerating hiking rates, Rivian continued to consolidate, trading in a tight range and making higher lows (see below chart). Rivian's outperformance of the broader index, after such a prolonged decline, is probably an early sign of a trend reversal and likely reflects that smart money is accumulating. A good chartist would know that inflation is cooling because commodities are now being resisted by the lines that once supported their upward trend. Necessarily, aggressive interest rate hike expectations will soon cool, too. The market is always forward-looking. By the time the Fed says that inflation is cooling and makes a pivot to being less aggressive, smart money will already be fully in the market. Therefore, there is high confidence that Rivian may soon break out to the upside (probably in July). Don't let a temporary oscillation to the downside fool you. Nonetheless, as always, have your stop losses in place as the market can act irrationally longer than you can stay solvent. Never be unwilling to accept that you're wrong. Trading isn't about being right, it's about preserving and growing capital.
NASDAQ:RIVNLong
by SpyMasterTrades
15