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RIVN trade ideas

Rivian Makes the Right Moves & the Stock Rebounds to Key TechRivian had a tough couple of years, as unprofitable startups are more vulnerable to the adverse external environment from high interest rates and lingering inflation. This has softened EV demand and deliveries have been disappointing in recent quarters. Highlighting the challenges, executives believe 2024 production will not surpass that the last year. But the large output-delivery gap of Q2 shows that Rivian is offloading its inventory. Rivian is making the right moves to turn things around and it will be launching two smaller EVs, starting in 2026. These are crucial for its future, as they will help it increase its customer base, stop the cash burn and eventually make money. The recently announced cash injection from auto giant Volkswagen can help it whether the storm and accelerate its progress. These developments have helped the stock to relief rally from the April record lows, bringing it to a critical technical juncture. RIVN tries to take out the 38.2% Fibonacci of the slump for the end of 2023 and the EM200 (black line). Surpassing them would shift momentum to the upside and facilitate further gains. Despite the turnaround plan and promising developments recently, the off-road EV maker is not out of the woods yet. On the technical front, a rejection of the aforementioned critical resistance cluster would reaffirm the bearish bias and enhance risk of lower lows. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
NASDAQ:RIVNLong
by FXCM
Rivian Automotive, Inc. Class A - Motor VehiclesKey arguments in support of the idea. • The Company’s supplies grow faster than on average in the market. • Modernization and expansion of production lines may lead to a boom in sales in 2025. Investment Thesis Rivian Automotive, Inc. (RIVN) is a US company that develops, manufactures and sells electric vehicles. The model range is presented by electric SUVs of the R series. The Company is also developing its own line of commercial vans, EDV, actively used by Amazon.com, Inc. for delivery in 100+ US cities. The retail giant is also one of Rivian’s major investors. The Company’s EV shipments grow faster than in the industry on average. In Q1, sales of BEVs in the United States increased by only 2% y/y, while Rivian Automotive was able to sell 71% more cars in this period than in the 1st quarter of last year. In Q1, RIVN’s share of the US EV market rose to 5%, from 3.1% a year ago. In April and May, EV (BEV) sales in the US were 1.5% higher than in the same period of the prior year. We believe that over the current quarter, the automaker may again show faster supply growth than its peers. From April 5 to May 1, the Company suspended EV production to modernize its production processes. We expect that in Q2, the automaker will supply about 13 thousand cars (+3% y/y). This year, the Company plans to produce 57 thousand electric vehicles, which may increase shipments by ~14% y/y for the whole of 2024. In the current market realities, this forecast looks quite solid. It seems that Rivian Automotive may indeed achieve a positive gross margin in the last quarter of this year. The Company has upgraded its production lines at the Illinois plant and predicts that the initiatives taken will allow it to achieve gross profit in Q4 2024. Also in early May, the Company announced that the Illinois Department of Commerce and Economic Opportunity would allocate funds to help the automaker expand its existing plant. The total incentive program amounting to $827 million will allow the Company to postpone the construction of a new plant in Georgia and focus on the production of new R2 and R3 models at existing facilities. Besides, on June 21, Reuters representatives visited Rivian’s plant, and its CEO RJ Scaringe said that the Company had managed to reduce material costs related to car production by 35% due to the modernization of production lines. These factors suggest that Rivian may significantly increase its sales in 2025. Based on the EV/Sales’2024 multiple, RIVN securities are valued at 1.7x, which corresponds to the average for public Chinese and US EV manufacturers. Nevertheless, we consider this valuation of RIVN attractive, given higher expected sales growth and stable financial position. As of the end of Q1 2024, Rivian’s cash balance was $7.8 billion, which is enough for the Company to continue its expansion in the US market over the next few years. We believe that in the short term, RIVN stock may show positive dynamics. The target price for RIVN shares on the horizon of two months is $12.9, the rating is Buy. A stop-loss order is recommended at $9.6
NASDAQ:RIVNLong
by FreedomHolding
Rivian 3 Drives AccumulationReal clear lower broadening trend, with 3 drives to the low and what would now be considered the end of the spring phase. This is where you would expect to see a retest of the range low to confirm that the breakdown was rejected, and the range is now being considered support. A lot of overlapping price action on the way back up, but the top of the range is the target, with a stop in the 24.93 range there. Often this is where youd see a partial decline in the lower range, and then an extension to the top of the range for the sign of strength Targets above the range would be the 1.618, 2.0, and 2.618 if it ends up doing a full return. Wallstreet made a ton of money on the way down, the easiest way to make more, is to run it back as shorts unwind and new participants enter.
NASDAQ:RIVNLong
by TradingNomadic
3
Volkswagen AG to invest 5 billion USD in Rivian AutomotiveVolkswagen AG is set to invest 5 billion USD in Rivian Automotive Inc., marking a strategic move to solidify its position in the electric vehicle (EV) market. This investment aims to optimise Volkswagen’s business processes and production efficiency by leveraging Rivian’s expertise in electric vehicle technology. Despite being regarded as the future of the automotive industry, the electric vehicle sector is facing challenges such as slowing demand. The fact that even industry leaders like Tesla are compelled to implement aggressive price cuts to attract buyers highlights the intense competition and price wars affecting the newer, loss-making entrants like Rivian and Lucid Group Inc. particularly. This landscape poses new challenges for Volkswagen as it seeks to enhance its market stance through this strategic investment. Examining potential investment opportunities, let’s review the stock chart of Rivian Automotive Inc. (NASDAQ: RIVN) from a technical analysis perspective: On the Daily (D1) timeframe, Rivian’s stock has broken the resistance level at 12.15 USD, with support now established at 9.85 USD. An uptrend is beginning to form. Should a downtrend initiate, a potential downside target could be 5.50 USD. If the current uptrend continues and the stock price rebounds off the resistance level, there could be a buying opportunity with a short-term target of 19.50 USD. For those considering a medium-term investment strategy, the stock price might rise to 24.45 USD if the positive momentum persists. — 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. 69.88% 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 Time to get bearish despite the VW $5 billion investment?Rivian Automotive (RIVN) reached today as high as $16.35 following Volkswagen's $5 Billion investment and got just shy of our $17.00 long-term target, as we called on our last analysis (May 17, see chart below): Despite the excellent news, we have to call for caution this time as the technicals come in center stage. As you can see, the prevailing long-term pattern remains a Channel Down since the September 2022 High and unless the 1W MA100 (yellow trend-line) breaks and closes a 1W candle above it, we won't continue buying. We change now our outlook to medium-term bearish and expect a rounded top to be formed below the 1W MA100 in the next 3 weeks, which we will sell and target the 0.618 Fibonacci Channel level at $13.50. Check also how the 1D RSI sequences between the current and the previous Lower High formation in July 2023 are similar. Add to the bearish mix the fact that today's rise stopped exactly on the 1W MA50 (red trend-line). In any case, as mentioned, we are only willing to buy after a 1W MA100 break, in which case we will target $28.00 (just below Resistance 2). ------------------------------------------------------------------------------- ** 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:RIVNShort
by TradingShot
1
RIVN falls to fair value for swing LONGRIVN is here on a 30 minute chart with VWAP bands and a dual time frame RSI added. Price fell from the top of the trend up after the last earnings. It is now between the mean anchored VWAP and the first lower VWAP line which is where the reversal occurred on May 8th. I will look for an entry long on a lower time frame chart. I am looking for a 1.75 move up toward the second upper VWAP line in this trade while risking 0.25 making the reward for the risk taken about 7.
NASDAQ:RIVNLong
by AwesomeAvani
Rivian: DoomedIt is hard to elaborate on fundamentals or even technicals for a start-up company of any kind, much less a publicly traded producer of motor vehicles. I know nothing about this company, except that its stock just popped, after-hours. What I see does not give me confidence as a buyer of the stock. What I see is a company that will continue lower before reversing higher in any significant way, and a company that may rebound over the next 10, maybe 20 years, but will ultimately fail. This analysis is based on Fibonacci levels I have calculated based on my view of the candlesticks over the past hour. The Minor ABC pattern is for analytical reference and not the count I would use, but refers to a count I believe has already failed (yellow fibs), and the white circle in the bottom right represents what I consider a safe entry point for mid-term buyers. Best.
NASDAQ:RIVNShort
by CuzDelux
1
Rivian UpdateToday, the price ascended as expected. I'm offering a closer view to provide a clearer micro perspective. By examining the labels, you can follow my count of this downward movement. I believe today's upward movement was the mini-a wave of ii. If correct, we should see a decline to the mid $10 range for mini-b, before climbing again towards the target zone between 0.618-0.786 ($11.52-$11.92). This doesn't preclude the possibility of a marginally higher peak. Essentially, once mini-a concludes, we should anticipate a dip just below the 0.236 Fibonacci retracement for mini-b. The Fibonacci confluence of the larger 0.786 (yellow) and 1.382 (green) suggests a likely termination point for mini-b. Should you have any questions, please ask. Otherwise, I'll assume you grasp and agree with my analysis.
NASDAQ:RIVN
by TSuth
27
Rivian UpdatePrice is still following my predicted path as of now. Should price make a high above wave 2 at $10.67, that would signify that wave ii most likely isn't actually over and could head to the $11 area. If it continues to follow along with my projections, then we are headed to the $8.77 area within the next few trading sessions. MACD on both the micro and larger time frames seem to suggest we're headed down next. If we manage to breach $9.89 to the downside then the odds of us dropping further go up exponentially. Hopefully we get our answer to this question in the next couple trading sessions.
NASDAQ:RIVN
by TSuth
10
RIVN a trade from deeply undervalued LONGRIVN on a 60 minute chart with set of anchored VWAP lines appears to be finishing a double bottom at the 8.5 level and making a move higher in a VWAP band breakout potnetially rising to the mean anchored VWAP and beyond it into the upper bands. I will take a long trage here with the targets in a textbox on the chart. I am interested in the action of the lesser EV stock while TSLAs fundamentals are challenged by earnings constraints in the face of downward pricing and whether discounting will stimulate demand or instead accelerate the path down as investors may perceive the pricing scheme as a sign of weakness ( or even desperation).
NASDAQ:RIVNLong
by AwesomeAvani
19
Rivian UpdateI mentioned in my prior post that it was a very real possibility we get a flat abc as the mini-b wave was so deep. Today that appears to be what we got. Price raised just above the 1.0 extension and then got rejected. Today we got a very strong move to the downside which signifies there is a very good chance wave iii (primary) has started. There is a possibility this is an abc move to the downside, hence the a or i / b or ii labels. Notice price moved down to the 0.382 fib @ $9.94 and had a reaction. The question you should be asking yourself; is this the wave 1 of iii? If you look at the structure from the label ii high of $10.74 to the $9.89 low made today, it is 5-waves. If that is the wave 1 of iii then wave 2 of iii should take us to the area of the 0.236 @ $10.24 before falling even harder to the 1.0 area @ $8.77 to finish wave 3 of iii. A breach of $10.74 invalidates the possibility we're in wave iii. Armed with this information you now know what I am expecting to see over the next few trading days to come. P.S - To whomever it was that said I was crazy for saying Rivian was going to drop again...today closed under $10 making almost a 20% decline since the $12.13 high a week ago....
NASDAQ:RIVN
by TSuth
2
Rivian Joins Pivot Energy to Build Community Solar in IllinoisPivot Energy has partnered with American electric vehicle (EV) manufacturer Rivian ( NASDAQ:RIVN ) to build community solar in Illinois. Rivian ( NASDAQ:RIVN ) will purchase Renewable Energy Certificates (RECs) generated from 50 MWdc of solar and subscribe to 10 MWdc of community solar from Pivot Energy for its Illinois manufacturing facility. This partnership aims to channel clean energy resources into regions poised for new solar development and contribute to local community initiatives. The region of the electric grid where the solar projects will be located is 67% dirtier than the U.S. grid as a whole, meaning that the region emits two-thirds more greenhouse gases from fossil fuels than other areas. The new community solar projects are expected to generate an average of 79,000 MWh of clean electricity per year, equivalent to powering 10,892 households annually. The two companies will invest $5,000 per MW built in local community organizations, with donations tied to each MW constructed going to support local community-based organizations working to reduce energy burden for low-income families and develop workforce development pathways into the solar industry for local residents and groups working at the intersection of agriculture and energy production. This partnership serves as a template for how to scale renewable resources to match growing demand from electric vehicle growth. Rivian's decarbonization strategy includes plans to enable 2 gigawatts of renewable energy in support of EV charging, enough to power at least 7 billion miles of renewable driving with R1 vehicles every year. Pivot Energy is committed to accelerating the transition to clean energy and positively impacting local communities. Technical Outlook Rivian ( NASDAQ:RIVN ) stock is up 6.47% as of the time of writing trading with a Relative Strength Index (RSI) of 56.04 which is quite stable. The stock has been on a "Falling Wedge" pattern since the 1st Quarter of 2024.
NASDAQ:RIVNLong
by DEXWireNews
RIVIAN Accumulation before mega rally.Last month (April 18, see chart below), we called for a short-term buy on Rivian Automotive (RIVN) but expected one more pull-back before the absolute bottom: Since however the price broke above the 1D MA50 (blue trend-line) and closed a 1D candle above it too, we have to revise it and we consider April's low to be the bottom (Lower Lows trend-line) of the 1.5 year Channel Down pattern. As a result, we expect a short-term Accumulation Phase, similar to May - June 2023, before an aggressive rally towards the top (Lower Highs trend-line) of the pattern. Our target is $17.00 (just below the 0.618 Fibonacci retracement level). ------------------------------------------------------------------------------- ** 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:RIVNLong
by TradingShot
4
Rivian UpdateThese orange fibs you see on the chart are tracking a possible i-ii pattern. If this is in fact the wave 5, the ideal spot for an ending would be in the orange box. Notice it is within the larger grey box and the yellow (larger count) target box? These counts are starting to converge creating a more reliable end target. The red box you see shows where these counts overlap. Something to keep in mind though, the largest corrective count I am tracking. Due to the relatively newness of this ticker, it is hard to decidedly place a larger ABC count. For this reason, tbh, idk how reliable it is. If it is correct, then the 1.0 of that count terminates @ $4.38. Rather that comes to fruition or not I am unsure. If it is the case, we will have ups and downs before then, but could ultimately act as a lure. For now, I am watching the target boxes for a potential entrance to go long...with stops.
NASDAQ:RIVN
by TSuth
9
RIVIAN Last bounce before the bottom. Be ready to buy.Rivian Automotive (RIVN) has been trading within a Channel Down pattern since the September 15 2022 High. The price action has been below the 1D MA50 (blue trend-line) for more than 3 months (January 11) and with such aggressive selling, the price is approaching the bottom of the pattern. With the 1D RSI on Higher Lows (Bullish Divergence) we expect a dead-cat-bounce towards the 1D MA50 on the 0.236 Fibonacci Channel level and then structure bottom around 7.80. That will be the time to go heavy on buys and target $17.00 (Fibonacci 0.618, which is where the last Lower High was priced at). ------------------------------------------------------------------------------- ** 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
3
RIVN reverses to upside LONGIn my previous idea, RIVN was short from the highs. That position was closed today as RIVN fell below the target. I now based on this idea have a long position. RIVN's move the second half of today's session was supported by a strong bullish move in the general market from the federal financial data principally the jobs report. On the 15-minute chart, RIVN formed a head and shoulders from January 29-31. The previous trade was from the top of the right shoulder until this morning when RIVN was progressing through a double bottom which intraday formed a " W" or " reverse cowgirl " pattern. The bearish ( selling only ) volume profile shows high-volume nodes at 15.8 and 16.0 so these are my targets. Price is above the POC line of the volume profile which is a bullish bias. Price is currently near to the level of a standard Fibonacci retracement of the previous downtrend I will take a long trade with targets as mentioned. The ideal entry is at 15.62 above a bearish high-volume node. Additionally, I will take a call option striking 16 for February 9th. As an aside, FSR is presenting a similar chart pattern and set up at a much lower price point . However, as a penny stock FSR has higher volatilities and may represent a lower probability overall. A trader may want to take a small position in each and see how they do.
NASDAQ:RIVNLong
by AwesomeAvani
9
RIVN rises with LCID while FSR fails LONGRIVN popped today while FSR got halted and will be delisted. The 4H chart with BB and a predictive algo added suggest it has room to 13.25. The indicators are supportive of that forecast. I will take a long position here with a stop loss under the lower BB line. As to my FSR put options I will watch them rise until expiration time. No hurry. No worry there. RIVN's new models and FSR's demise should help for some bullish momentum until RIVN catches a bit of FSR''s issues.
NASDAQ:RIVNLong
by AwesomeAvani