RIVIAN AUTOMOTIVE INC. - 1H - Technical analysis published on 01/31/2022 (GMT)
- 254
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Strongly bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 58.40 USD
My targets
55.10 USD (-3.54%)
50.00 USD (-12.46%)
My analysis
The basic trend is very bearish on RIVIAN AUTOMOTIVE INC. but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on RIVIAN AUTOMOTIVE INC.. As long as you stay below the resistance 58.40 USD, sellers' retain the upper hand. A break in the support at 55.10 USD would be a signal that the basic trend will reverse. Sellers would then use the next support located at 50.00 USD as an objective. If the price were to depress the resistance 58.40 USD in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a reversal of the trend.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.9
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by baltbach. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
RIVIAN AUTOMOTIVE INC. rating 57.12 USD. The price has increased by +5.90% since the last closing and was traded between 50.00 USD and 57.30 USD over the period. The price is currently at +14.24% from its lowest and -0.31% from its highest.50.00
57.30
57.12
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on RIVIAN AUTOMOTIVE INC. were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this RIVIAN AUTOMOTIVE INC. chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the strongly bearish trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 9 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 50.00 | 55.10 | 57.12 | 75.13 | 88.78 | 98.92 |
| Change (%) | -12.46% | -3.54% | - | +31.53% | +55.43% | +73.18% |
| Change | -7.12 | -2.02 | - | +18.01 | +31.66 | +41.80 |
| Level | Minor | Major | - | Minor | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 45.01 | 47.51 | 52.31 | 54.81 | 59.61 | 62.11 | 66.91 |
| Camarilla | 55.11 | 55.78 | 56.45 | 57.12 | 57.79 | 58.46 | 59.13 |
| Woodie | 46.17 | 48.09 | 53.47 | 55.39 | 60.77 | 62.69 | 68.07 |
| Fibonacci | 47.51 | 50.30 | 52.02 | 54.81 | 57.60 | 59.32 | 62.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.65 | 40.33 | 48.72 | 58.40 | 66.79 | 76.47 | 84.86 |
| Camarilla | 52.15 | 53.81 | 55.46 | 57.12 | 58.78 | 60.43 | 62.09 |
| Woodie | 30.02 | 40.01 | 48.09 | 58.08 | 66.16 | 76.15 | 84.23 |
| Fibonacci | 40.33 | 47.23 | 51.49 | 58.40 | 65.30 | 69.56 | 76.47 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47.46 | 67.93 | 85.81 | 106.28 | 124.16 | 144.63 | 162.51 |
| Camarilla | 93.14 | 96.66 | 100.18 | 103.69 | 107.21 | 110.72 | 114.24 |
| Woodie | 46.17 | 67.28 | 84.52 | 105.63 | 122.87 | 143.98 | 161.22 |
| Fibonacci | 67.93 | 82.58 | 91.63 | 106.28 | 120.93 | 129.98 | 144.63 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 48.21 | |
| MACD (12,26,9): | -1.8800 | |
| Directional Movement: | -7.31 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 54.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 50.00 | |
| Elder Ray (13): | 0.13 | |
| Super Trend (3,10): | 60.32 | |
| Zig ZAG (10): | 57.12 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 46.04 | |
| TEMA (21): | 54.54 | |
| Williams %R (14): | -39.15 | |
| Chande Momentum Oscillator (20): | 2.09 | |
| Repulse (5,40,3): | 6.3700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.5200 | |
| Courbe Coppock: | 18.22 |
| MA7: | 60.62 | |
| MA20: | 77.50 | |
| MA50: | 98.38 | |
| MA100: | - | |
| MAexp7: | 55.54 | |
| MAexp20: | 56.81 | |
| MAexp50: | 61.58 | |
| MAexp100: | 69.54 | |
| Price / MA7: | -5.77% | |
| Price / MA20: | -26.30% | |
| Price / MA50: | -41.94% | |
| Price / MA100: | - | |
| Price / MAexp7: | +2.84% | |
| Price / MAexp20: | +0.55% | |
| Price / MAexp50: | -7.24% | |
| Price / MAexp100: | -17.86% |
Quotes :
-
15 min delayed data
-
NASDAQ Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis RIVIAN AUTOMOTIVE INC. - 1H