Buyers in control, trade up 6.76%
Rivian dips 0.1% as buyers dominate volume and the double bottom holds
Buyers in control, trade up 6.76%
Our view last week
Rivian slips 6.2% this week, but daily money flow stays positive and price is now boxed between the first support and the first resistance, just above the 20-day moving average. Rivian's buy signal remains open, 12th among 129 US Longs, with the trade up 6.91% and the stop already moved to breakeven.
This week's summary
Buyers dominate almost every trade on Rivian: 96% of daily volume is on the buy side, and the double bottom in the 14 area holds, with a 19% intermediate rebound. Rivian's buy signal remains open, 11th among 112 US Longs, with the trade up 6.76% and the stop already moved to breakeven. Price, though, stays boxed between support and resistance, just above the 20-day moving average: a technical picture that calls for disciplined management.
IQS Phase
58
ordinary
Signal Strength
86
high · wide & volatile
Sizing
FULL
Ranking
#11 / 112
US stocks in progress
Trade P&L %
+6.76%
from signal to today
restricted Platinum content