Rivian Automotive Inc (RIVN)

Rivian Automotive Inc is trading at $11.62, up 1.48% on the session. The 50 day average sits at $14.89 and the 200 day at $15.64, which puts the stock in a downtrend. RSI is at 20.9, which reads as oversold, and MACD is bearish crossover. Volume is average.

The nearest support is around $11.60 with resistance near $15.36, so that band frames the current range. Average daily movement is roughly $0.54, or about 4.6% of the share price, which is what any stop placement has to allow for. The overall health score of 30 out of 100 combines a trend score of 0, momentum of 28 and a risk score of 81.

Rivian Automotive, Inc., together with its subsidiaries, develops, manufactures, and sells category-defining electric vehicles. It operates through two segments, Automotive, and Software and Services. The company offers consumer vehicles, including a two-row, five-passenger pickup truck under the R1T brand; and a three-row, seven-passenger sport utility vehicle under the R1S name. It also provides software and services, such as vehicle electrical architecture and software development, as well as Autonomy+, remarketing, vehicle repair and maintenance services, software subscriptions, vehicle accessories, financing, insurance, and other services. In addition, the company designs, develops, and manufactures the Rivian Adventure Network Direct Current fast chargers; and FleetOS, a proprietary, end-to-end centralized fleet management subscription platform. Further, it offers Rivian Commercial Van platform for Electric Delivery Van with collaboration with Amazon.com, Inc. Rivian Automotive, Inc. was founded in 2009 and is based in Irvine, California.