Rivian: the buy signal's 8th week
Rivian stock falls 3.9% as the buy signal's 8th week turns rough
Rivian: the buy signal's 8th week
Our view last week
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.
This week's summary
Rivian stock closes the week with a heavy bearish engulfing candle: sellers dominated almost all the volume, only 3.7% of trading on the buy side, and the stock falls 3.9%. It extends last week's weakness, when price had already dropped below the breakeven stop in the 16.35 area. The buy signal's 8th week still holds a solid rank, 13th of 120, with high signal strength: full technical analysis and trade management inside.
IQS Phase
30
compressed / accumulation
Signal Strength
87
high · wide & volatile
Sizing
FULL
Ranking
#13 / 120
US stocks in progress
Trade P&L %
-6.91%
from signal to date, no stop loss
Rank position
ranks 13th among the 120 Longs already running for US stocks in our ranking, with a signal strength of 87 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimein positive regime
Performanceweekly +6.11% · monthly -1.69%
RIVN belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified in positive regime according to our weekly reading.
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