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Rivian Automotive, Inc.
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==Technical Analysis== In this section, the attractiveness of Rivian stock is considered based on various technical indicators over a given time period. As the indicators are quite short term and all data is up to 22nd July, this should be kept in mind when considering Rivian as an investment opportunity. Β The first indicator is RSI which is an analysis of momentum. RSI indicators looks back at the average daily gain or loss of a security to represent how overbought or oversold a security is. The next indicator is the Stochastic Oscillator, another momentum indicator comparing the closing price of the security to the lowest traded and highest traded price over 14 previous trading days. The indicator is also used to consider whether the security is over or under-valued. StochRSI or Stochastic RSI, evaluates the RSI indicators with the Stochastric Oscillator formula allowing further sensitivity for the RSI momentum indicator. The indicator is less volatile than RSI in evaluating whether a security is overbought or oversold. Β ADX β Average Directional Index measures the strength of a price movement. The indicator is based on the moving average of the rate of price changes in a given time period. It describes how strong a trend is in the price movement of the security and can be used to support any hypotheses. Commodity Channel Index β the indicator measures the spread between the current price and the historic average price based on the number of given periods. This indicator is similar to Stochastic Oscillator, but the CCI is unbounded, and both show whether a security is overbought or oversold. High Low Index β A simple moving average dividing new highs over the sum of new highs and new lows. The indicator measures the prevailing market trends and analyses broad indices such as the FTSE 100. Ultimate Oscillator β Uses three different timeframes, weekly, biweekly, and monthly period. The weightage of the calculations increases with the more recent timeframes. The indicator fluctuates less compared to other momentum indicators due to incorporating various periods. A buy signal is generated when a bullish divergence is formed where the price of the security diverges from the value of the indicator. The oscillator should then rise above the divergence high and vice versa for the selling case. Β Price Rate of Change β ROC measures the percentage change between the current price and the price of the security from a previous lookback period. If the price is on the upside, the indicator is positive, and vice versa. Β {| class="wikitable" | colspan="3" |'''Rivian Technical Indicators''' |- |'''Name(period)''' |'''Value''' |'''Buy/Sell Signal''' |- |RSI(14) |51.444 |Neutral |- |STOCH(9,6) |35.189 |Sell |- |STOCHRSI(14) |43.633 |Sell |- |ADX(14) |23.092 |Sell |- |CCI(14) |16.8438 |Neutral |- |Highs/Lows(14) |0 |Neutral |- |Ultimate Oscillator |45.969 |Sell |- |ROC |1.772 |Buy |}Overall, the indicators above show 4 Sell indicators, 1 Buy indicators and 3 Neutral indicators. From the technical indicators, the consensus is to sell due to bearish trend in price movement as indicated by the Ultimate Oscillator and the momentum indicators such as STOCHRSI hinting to Rivian stock being overbought. However, the ADX indicators does show that this is a weak trend and must be kept in mind along with further analysis to decide whether to buy or sell Rivian.
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