RIVIAN AUTOMOTIVE INC. - Daily - Technical analysis published on 05/12/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 23.03 USD
My targets
15.83 USD (-23.17%)
2.21 USD (-89.26%)
My analysis
The bearish trend is currently very strong for RIVIAN AUTOMOTIVE INC.. As long as the price remains below the resistance at 23.03 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 15.83 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2.21 USD as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
8.2
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This analysis was given by magic23. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The RIVIAN AUTOMOTIVE INC. price is 20.60 USD. The price is lower by -9.61% since the last closing and was traded between 19.25 USD and 23.50 USD over the period. The price is currently at +7.01% from its lowest and -12.34% from its highest.19.25
23.50
20.60
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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
Technical
A technical analysis in Daily of this RIVIAN AUTOMOTIVE INC. chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 20.60 | 35.45 | 53.90 | 104.47 |
| Change (%) | - | +72.09% | +161.65% | +407.14% |
| Change | - | +14.85 | +33.30 | +83.87 |
| Level | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.48 | 16.87 | 18.73 | 21.12 | 22.98 | 25.37 | 27.23 |
| Camarilla | 19.43 | 19.82 | 20.21 | 20.60 | 20.99 | 21.38 | 21.77 |
| Woodie | 14.23 | 16.74 | 18.48 | 20.99 | 22.73 | 25.24 | 26.98 |
| Fibonacci | 16.87 | 18.49 | 19.49 | 21.12 | 22.74 | 23.74 | 25.37 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.34 | 25.02 | 26.91 | 30.59 | 32.48 | 36.16 | 38.05 |
| Camarilla | 27.26 | 27.77 | 28.28 | 28.79 | 29.30 | 29.81 | 30.32 |
| Woodie | 20.44 | 24.57 | 26.01 | 30.14 | 31.58 | 35.71 | 37.15 |
| Fibonacci | 25.02 | 27.15 | 28.47 | 30.59 | 32.72 | 34.04 | 36.16 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.21 | 15.83 | 23.03 | 36.65 | 43.85 | 57.47 | 64.67 |
| Camarilla | 24.52 | 26.42 | 28.33 | 30.24 | 32.15 | 34.06 | 35.97 |
| Woodie | -0.99 | 14.23 | 19.83 | 35.05 | 40.65 | 55.87 | 61.47 |
| Fibonacci | 15.83 | 23.78 | 28.69 | 36.65 | 44.60 | 49.51 | 57.47 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 24.81 | |
| MACD (12,26,9): | -5.0400 | |
| Directional Movement: | -27.41 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 25.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 32.94 | |
| Elder Ray (13): | -7.46 | |
| Super Trend (3,10): | 32.10 | |
| Zig ZAG (10): | 20.60 | |
| VORTEX (21): | 0.7700 | |
| Stochastique (14,3,5): | 7.05 | |
| TEMA (21): | 23.96 | |
| Williams %R (14): | -91.35 | |
| Chande Momentum Oscillator (20): | -13.30 | |
| Repulse (5,40,3): | -24.1600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.5100 | |
| Courbe Coppock: | 54.44 |
| MA7: | 27.37 | |
| MA20: | 32.21 | |
| MA50: | 39.42 | |
| MA100: | 57.43 | |
| MAexp7: | 25.85 | |
| MAexp20: | 31.46 | |
| MAexp50: | 41.47 | |
| MAexp100: | 61.09 | |
| Price / MA7: | -24.74% | |
| Price / MA20: | -36.04% | |
| Price / MA50: | -47.74% | |
| Price / MA100: | -64.13% | |
| Price / MAexp7: | -20.31% | |
| Price / MAexp20: | -34.52% | |
| Price / MAexp50: | -50.33% | |
| Price / MAexp100: | -66.28% |
Quotes :
-
15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on RIVIAN AUTOMOTIVE INC.. At the time of publication of this analysis, the latest news was as follows:
- Rivian Releases First Quarter 2022 Financial Results
- Rivian and Clearloop Partner on Solar Project That Carves a New Path for More Impactful Corporate Renewable Procurement
- Rivian Hires Anisa Kamadoli Costa as First Chief Sustainability Officer
- Rivian CFO to Participate in The Bank of America Securities 2022 Global Automotive Summit
- Rivian Sets Date for Release of First Quarter 2022 Results
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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