Rivian Stock Forecast: RIVN plunges further on results facing loss and weak production outlook

Rivian Stock Forecast: RIVN plunges further on results facing loss and weak production outlook

US Politics
December 20, 2021 by Mitchell Jhon
13
Rivian Stock Forecast- In the next 24 hours, the stock price of RIVN is expected to trade between $ 85 and $ 101. The Recommendation for the next 24 hours is Sell. 0 of the 5 Momentum Indicators is Positive. 5 out of the 5 Indicators are Negative. 2 analysts Rivian is trading 8.54% lower

Rivian Stock Forecast- In the next 24 hours, the stock price of RIVN is expected to trade between $ 85 and $ 101. The Recommendation for the next 24 hours is Sell.

0 of the 5 Momentum Indicators is Positive.

5 out of the 5 Indicators are Negative.

2 analysts

Rivian is trading 8.54% lower at $ 89.36 in the current trading session.

Share Volume: 10m, lower

Forward PE: -20.02, lower

Rivian stock forecast

Rivian Stock Forecast: Performance chart

Stock Name
1 day
5 days
1 Month
1 Year
-8.54%
-22.21%
-24.45%
-11.42%

Read about Tesla Stock Forecast

Rivian Stock Forecast: Momentum Summary

Momentum Indicator
Indicator Direction
Price
Lower
Technical
Sell
Social Media Sentiment Trend
Negative
Performance vs NASDAQ
Lower
Volumes
Lower

Read: LUCID Stock Forecast

Rivian Stock Forecast and Prediction: Technical Analysis

Source
Support
Resistance
Recommendation
$ 85 (S3)
$ 101 (R1)
Sell
$ 85 (S3)
$ 101 (R1)

âš  RVIAN STOCK PRICE PREDICTION 2022! DO THIS NOW!!! RIVIAN STOCK NEWS & ANALYSIS LIVE (RIVN)

Rivian Stock Forecast: Latest News and Crowd’s Tweets

$ on Twitter: “$RIVN daily chart.. sold off on earnings Friday, and finished the day with a hammer candle and over 2x avg volume (strong reversal signal). I expect it to gap fill next week as long as markets are green pic.twitter.com/KvsB3tRUTE / Twitter”

RIVN daily chart.. sold off on earnings Friday, and finished the day with a hammer candle and over 2x avg volume (strong reversal signal). I expect it to gap fill next week as long as markets are green pic.twitter.com/KvsB3tRUTE

Aaron on Twitter: “$RIVN these 125c were over $2,000 each when I mentioned you could start selling them. Now $350. Pull some other charts for the same time. pic.twitter.com/R3afALTv03 / Twitter”

RIVN these 125c were over $2,000 each when I mentioned you could start selling them. Now $350. Pull some other charts for the same time. pic.twitter.com/R3afALTv03

Read: NIO Stock Forecast

Rivian Stock Forecast and Prediction: Social Media Sentiment

Social Media Sentiment Period
Positive Sentiment
Negative Sentiment
Net Sentiment
Last 7 days
11%
18%
Negative
Last 24 hours
7%
23%
Negative

RIVN Quick Chart Analysis: Buy Right and Sell into Strength

Rivian Stock Forecast: Challenges

  • Every investor is hoping Rivian to become next Tesla. But company has nothing to show in its balance sheet as of today with only sample pieces being distributed to employees.
  • US Manufacturers are struggling with labor shortages and wage issues. When Rivian starts mass producing vehicles, these hiccups will definitely come into the picture. It will be interesting to note how Rivian deals with these issues.
  • Also, the biggest EV market is based in China, and Rivian is yet to set up a manufacturing plant outside America. China government’s reaction to Rivian expansion will have a major impact on company’s financials.
  • There is another cloud on Rivian’s horizon. Its former Vice President of sales and marketing, Laura Schwab is suing the company and claimed that she was wrongfully dismissed after her complain about toxic “bro culture” in the company. She also warned that delivery targets of company were “not achievable”.
  • Rivian is yet to deal with labor unions and different environmentalists going forward with its expansion in different communities. That will pose a challenge for company’s management.

Vineet Agarwal

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

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