Rivian: breakeven stop breached this week
Rivian drops 9.3% and closes the week below its breakeven stop
Rivian: breakeven stop breached this week
Our view last week
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.
This week's summary
Rivian shares fall 9.3% this week, with sellers firmly in control on the last session and buyer dominance fading fast. Price closed below the breakeven stop flagged in last week's card (16.35 area): for anyone following that level the trade is closed.
IQS Phase
39
ordinary
Signal Strength
86
high · wide & volatile
Sizing
FULL
Ranking
#12 / 124
US stocks in progress
Trade P&L %
-3.12%
from signal to date, no stop loss
Rank position
ranks 12th among the 124 Longs already running for US stocks in our ranking, with a signal strength of 86 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimeweak phase
Performanceweekly -5.22% · monthly -4.92%
RIVN belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified weak phase according to our weekly reading.
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