Rivian Stock News and Forecast: $RIVN stock late to the party but finally revs up
RIVN caught up to TSLA rally on the back of its stock split. Rivian stock finally joined the rally train on Tuesday after three days of total ignorance while the rest of the meme universe took off. It was due to a move higher, and this could continue so long as the broader stock market remains healthy. Rivian has been heavily punished this year by investors focusing on higher yields and punishing companies with lofty valuations and high debt loads.
The Relative Strength Index just moved back above 50 and the Moving Average Convergence Divergence has crossed higher, signaling the possibility of more gains. There is a decent bit of volume from $53.64 to $71, so this may be the range play for the next while. $48.76 is the bullish pivot to remain above.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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