Technical Analysis
RIVN has shown significant weakness, falling from $15.89 on Feb 20 to $10.07 on Feb 23, representing a 36.6% decline. The stock has broken below key support levels and shows strong bearish momentum.
News Impact
- Rivian reported its first-ever gross profit of $170 million in Q4 2024, but the stock fell due to lower-than-expected 2025 vehicle sales guidance of 48,500 units versus analyst estimates of 55,000.
- The company is developing distinct driving styles for autonomous vehicles, focusing on scenic routes and off-road adventures.
- Recent analyst consensus shows mixed sentiment with a Hold rating and average price target of $14.69.
Price Forecast for Next Week
Based on technical analysis and recent news:
Target Prices:
- Resistance: $11.50 (Previous support turned resistance)
- Support: $9.80 (Next key technical level)
Bearish factors:
- Broken below critical support at $12
- High volume sell-off indicating strong selling pressure
- Negative sentiment around lower production guidance
- Overall market weakness in EV sector
Expected price movement:
- Most likely scenario (60% probability): Further decline to $9.80-$10.20 range
- Alternative scenario (40% probability): Bounce to resistance at $11.50 if market sentiment improves
Trading Recommendation: SELL
- Current bearish momentum and broken support levels suggest further downside
- Wait for price stabilization before considering long positions
- Set stop loss at $11.80 if taking short positions
Note: This analysis is based on technical indicators and available news data. Market conditions can change rapidly, and all trading decisions should be made with appropriate risk management.
Technical Analysis
RIVN has shown significant weakness, falling from $15.89 on Feb 20 to $10.07 on Feb 23, representing a 36.6% decline. The stock has broken below key support levels and shows strong bearish momentum.
News Impact
- Rivian reported its first-ever gross profit of $170 million in Q4 2024, but the stock fell due to lower-than-expected 2025 vehicle sales guidance of 48,500 units versus analyst estimates of 55,000.
- The company is developing distinct driving styles for autonomous vehicles, focusing on scenic routes and off-road adventures.
- Recent analyst consensus shows mixed sentiment with a Hold rating and average price target of $14.69.
Price Forecast for Next Week
Based on technical analysis and recent news:
Target Prices:
- Resistance: $11.50 (Previous support turned resistance)
- Support: $9.80 (Next key technical level)
Bearish factors:
- Broken below critical support at $12
- High volume sell-off indicating strong selling pressure
- Negative sentiment around lower production guidance
- Overall market weakness in EV sector
Expected price movement:
- Most likely scenario (60% probability): Further decline to $9.80-$10.20 range
- Alternative scenario (40% probability): Bounce to resistance at $11.50 if market sentiment improves
Trading Recommendation: SELL
- Current bearish momentum and broken support levels suggest further downside
- Wait for price stabilization before considering long positions
- Set stop loss at $11.80 if taking short positions
Note: This analysis is based on technical indicators and available news data. Market conditions can change rapidly, and all trading decisions should be made with appropriate risk management.