Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>Rivian Automotive Inc. RIVN stock is in a huge problem due to recent losses and some wrong calls.&nbsp;</a></li>
 <li><span>2</span> <a>RIVN shares slipped below the 20, 50, 100, and 200-day daily moving averages.</a></li>
 <li><span>3</span> <a>Rivian Automotive Inc. (NASDAQ: RIVN) managed to gain around 44.14% in the last six months.</a></li>
</ul>
<p>Rivian Automotive Inc., RIVN stock is in huge trouble due to some recent institutional decisions that may prove wrong. RIVN share price has been caged inside the horizontal range-bound area over the daily time frame chart. However, RIVN shares are currently trading near the lower price range of the consolidation phase. Rivian stock price has been struggling to gain significantly due to losses.&nbsp;</p>
<p>Even though the losses are increasing, Rivian is considering their savior to be the debt market. However, raising money from the debt market is risky and may affect the current market value of the company. Rivian Automotive Inc. has been a reliable electric vehicle manufacturing company since the time it entered public markets, but it kept on running into bigger and consistent problems. Burning more and more money in operations led Rivian to think of opening another manufacturing plant to maintain the cash flow.&nbsp;</p>
<p>RIVN stock price was at $19.30 and lost slightly around 0.16% of its market capitalization during Friday’s trading session. Trading volume (29.36M) was below the average (66.563M) and needs to grow during Monday’s trading session. This demonstrates that buyers need to accumulate at a higher rate in order to push RIVN upwards.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-will-rivn-stock-skip-consolidation-strong"><strong>Will RIVN Stock Skip Consolidation?</strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh4.googleusercontent.com/VbAisLmbyiGvEW7HQywxxPgAnAxE-23c0cZ9af7wZ331PaKAwHiC35-_NfJBbGmMA2L2yBJ1uarhSEanngqEsSInWCQPLDS03u-cuABnZwkjV4zL0zrb_qKcD1rpEkkFOfwUHcPC9ZL1FIg0b_3YuVI" alt="Rivian Automotive Inc: Why RIVN Stock Is In Huge Problem?&nbsp;">
  <figcaption class="wp-element-caption">
   Source: NASDAQ: RIVN by <a href="https://www.tradingview.com/x/makq1dXO/" rel="noopener noreferrer nofollow">TradingView</a>
  </figcaption>
 </figure>
</div>
<p>RIVN stock price has been consolidating inside the horizontal range-bound area since August 2023. Now, buyers need to accumulate at a higher rate in order to push RIVN shares upwards. Meanwhile, RIVN share has been trying to break out from the consolidation phase but failed to sustain at the upper threshold. RIVN shares slipped below the 20, 50, 100, and 200-day daily moving averages.</p>
<p>RIVN stock price increased by approximately 8.89% in the past week but declined by 16.99% over the course of a month. Over the last three months, Rivian experienced a decrease of 23.87%, but its performance over the past six months showed an impressive gain of about 44.14%. Notably, Rivian’s stock saw a slight surge of 2.12% year to date.</p>
<p>Technical indicators highlight the sideways momentum of Rivian stock. The relative strength index confirms the consolidation phase of RIVN shares. RSI was at 40 and is flat below neutrality. Investors in Rivian Automotive Inc. (NASDAQ: RIVN) need to wait for any directional change over the daily time frame chart.</p>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p><a href="https://www.thecoinrepublic.com/2023/10/10/rivian-stock-price-in-bears-grip-will-rivn-stock-rebound/" rel="noopener noreferrer nofollow">Rivian Automotive Inc. RIVN stock</a> is in huge trouble due to some recent institutional decisions that may prove wrong. Even though the losses are increasing, Rivian is considering their savior to be the debt market. Meanwhile, RIVN share has been trying to break out from the consolidation phase but failed to sustain at the upper threshold. Technical indicators highlight the sideways momentum of Rivian stock.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p>Support Levels: $18.63 and $17.78</p>
<p>Resistance Levels: $21.08 and $24.88</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

Rivian Automotive Inc: Why RIVN Stock Is In Huge Problem?

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Thecoinrepublic.com

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