Rivian Stock Forecast: RIVN SURGES 10% but Social Media Sentiment turns negative

Rivian Stock Forecast: RIVN SURGES 10% but Social Media Sentiment turns negative

Uncategorized US Stocks
December 27, 2021 by Mitchell Jhon
20
Rivian Stock Forecast, December 28th: The stock price of RIVN is expected to trade between $ 90 and $ 109. The recommendation for the next trading day is Buy. 4 out of the 5 Momentum Indicators are Positive. 1 of the 5 Indicators is Negative. 2 analysts Rivian closed 10.58% higher at $ 107.09 in

Rivian Stock Forecast, December 28th: The stock price of RIVN is expected to trade between $ 90 and $ 109.

The recommendation for the next trading day is Buy.

4 out of the 5 Momentum Indicators are Positive. 1 of the 5 Indicators is Negative.

2 analysts

Rivian closed 10.58% higher at $ 107.09 in the last trading session.

Share Volume: 15m, Higher

Forward PE: -18.48

Rivian Stock Forecast: RIVN SURGES 10% on the back of EV Stocks Surge

Rivian Stock Forecast: Performance chart

Stock Name
1 day
5 days
1 Month
1 Year
+10.58%
+12.7%
-10.59%
NA

Read about Tesla Stock Forecast

Rivian Stock Forecast: Momentum Summary

Momentum Indicator
Indicator Direction
Price
Higher
Technical
Buy
Social Media Sentiment Trend
Lower
Performance vs NASDAQ
Higher
Volumes
Higher

Read: LUCID Stock Forecast

Rivian Stock Forecast and Prediction: Technical Analysis

Source
Support
Resistance
Recommendation
$ 91 (S3)
$ 106 (R1)
Buy
$ 89 (S3)
$ 111 (R1)

The Stock Rally Continues!!🔥| $LCID $TSLA $RIVN $GPPI | Market Close🚀🌕

Rivian Stock Forecast: Latest News and Crowd’s Tweets

Naanstop Charts on Twitter: “$RIVN interesting area of close today. No position. Let’s see if this one gains traction. Will enter if this sets up again. Last entry I had didn’t work out. Won’t chase this time. Plenty of time to get in once/if this does work. pic.twitter.com/tW8cxic7xd / Twitter”

RIVN interesting area of close today. No position. Let’s see if this one gains traction. Will enter if this sets up again. Last entry I had didn’t work out. Won’t chase this time. Plenty of time to get in once/if this does work. pic.twitter.com/tW8cxic7xd

Originally tweeted by Del The Day trader (@DelTheDayTrader) on December 27, 2021.

Looking at Long $RIVN
target 104.30 and then eventually 107
SL would be 100.60
Daily 2-1-2 Bullish rev
Weekly 2-2 Bullish rev
Let’s GOOOOO

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%
10%
Positive
Last 24 hours
9%
13%
Negative

Tesla Stock Analysis 2021 | TSLA Stock Better than LCID Stock & RIVN Stock? | EV Stocks to Buy Now?

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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