RIVN chart and analysis
For the time being, the long-term trend still appears negative for Rivian stock (RIVN), but the short-term trend is positive, with the stock trading in the $24.48 to $34.75 range. The support line is identified at $27.59, while the resistance line is at $34.14. Presently, analysts rate the shares as a moderate buy, seeing the average price in the next 12 months reaching $49.33, 44.54% higher than the current trading price of $34.13. With National Highway Traffic Safety Administration, California Air Resources Board, and U.S. Environmental Protection Agency, certificates in the bag, Rivian vans are cleared for roll-out, and more of them should be expected on the streets soon. Buy stocks now with Interactive Brokers – the most advanced investment platform Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
