Rivian Stock Forecast: RIVN Falls Sharply on VALUATION and Omicron Fears

Rivian Stock Forecast: RIVN Falls Sharply on VALUATION and Omicron Fears
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Rivian Stock Forecast- For Next 24 hours, the stock price of RIVN is expected to trade between $ 103 and $ 123. The Recommendation for the next 24 hours is a Buy

2 out of the 3 Momentum Indicators are Positive

2 analysts

Rivian Automotive Inc (RIVN) Share Latest Price

Rivian closed 3.4% lower at $ 115.69 in the last trading session.

Screenshot 2021 12 02 at 5.38.52 AM

Rivian Stock Forecast: Performance chart

Stock Name
1 day
5 day
1 Month
1 Year
-3.4%
-3.1%
+14.85%
NA

RIVN Started higher on Wednesday but began to trend lower from 11 AM onwards and then went completely under at 2 PM after the announcement of the 1st of US Omicron Case. However, RIVN fell much more as Traders were unwilling to support prices above $ 120. The selling at the end was the highest since November 22nd.

Screenshot 2021 12 02 at 5.44.18 AM

Tesla Stock Forecast

Rivian Stock Forecast: Momentum Summary

Metric
Momentum
Price
Lower
Technical Indicator
Buy
Social Media Buzz Momentum
Higher

LUCID Stock Forecast

Rivian Stock Forecast and Prediction: Technical Analysis

Source
Support
Resistance
Recommendation
$ 108 (S3)
$ 123 (R1)
Buy
$ 97 (S3)
$ 124 (R1)

R1T & R1S Rivian Breakdown #RIVN #EV #TheLongWayUp #StockToWatch

Rivian Stock Forecast: Latest News and Crowd’s Tweets

Originally tweeted by ClearCharts (@charts_clear) on December 1, 2021.

$RIVN #RIVN_CC boxed in $107-$125, I think will go below $100 this year

FFilaapUUAYok7L

Originally tweeted by VS Options Trading (@rachels_44) on December 1, 2021.

$RIVN broke trendline resistance on the daily. Can see follow through if above 122.3.

Resistance 129, 140. Support 112, 106.

Rivian Automotive Stock News and Forecast: Why RIVN will rise on Wednesday

NIO Stock Forecast

Rivian Stock Forecast and Prediction: Social Media Sentiment

Social Media Sentiment Period
Positive Sentiment
Negative Sentiment
Sentiment Trend
Last 7 days
10%
11%
Higher
Last 24 hours
11%
11%
Higher

Rivian Stock Forecast and Prediction: Latest Videos

What is Going on With Electric Vehicle Stocks? (TSLA, RIVN, LCID, F)

Rivian Stock Forecast: Background

Rivian is an electric vehicle automaker founded in 2009. Rivian is based in California and a has manufacturing plant in Illinois.

  • Rivian’s journey starts with delivering 156 pickup trucks almost all for its employees. Although, after IPO got listed on Wednesday, it took company’s valuation briefly to $100 billion, Rivian has only just completed its first set of orders.
  • The Next BIG order is for tech giant Amazon with 100,000 delivery vans which is expected to be completed by 2025.
  • But, the hype towards Rivian cannot be justified by its initial orders. Instead, rising fuel prices have contributed towards growing interest for EVs in the recent past. Secondly, Rivian is backed by big names like Amazon and Ford who have 20 percent and 12 percent stake in Rivian. In February 2019, Amazon announced an investment round of $700 million into Rivian.

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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