Rivian Automotive Stock Forecast: RIVN breaks above $16 resistance threshold ahead of earnings

Automobiles News

Rivian Automotive Stock Forecast: RIVN breaks above $16 resistance threshold ahead of earnings
Technical AnalysisNewstradingSupportresistance
  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 31 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 72%

Rivian (RIVN) stock made it back above $16.00 per share on Tuesday for the first time since February 21 — nearly five months ago when an earnings release sent Rivian stock reeling.

Rivian stock reached an intraday high above $16 on Tuesday for the first time in nearlyfive months. Rivian has been benefiting of late from its software partnership with Volkswagen. Tesla's upcoming debut of its RoboTaxi is also lendingEV stocks a tailwind. Morgan Stanley has a $33 price target on

, which forecasts a 100% gain over the next year. Rivian stock made it back above $16.00 per share on Tuesday for the first time since February 21 — nearly five months ago when an earnings release sent Rivian stock reeling. Rivian is benefiting from renewed interest in electric vehicle leader Tesla , as well as its own partnership with Volkswagen and upcoming earnings announcement several weeks away.

stock found support and then resistance in August 2023 through the beginning of 2024. Another possibility is $24.00, where its rally petered out back in December 2023. daily stock chart

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FXStreetNews /  🏆 14. in US

Technical Analysis Newstrading Supportresistance SP500

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rivian Stock News: RIVN holds onto 20% gain following joint venture with VolkswagenRivian Stock News: RIVN holds onto 20% gain following joint venture with VolkswagenThis was exactly what Rivian (RIVN) shareholders needed to hear.
Read more »

Volkswagen stock slips on cost, implications of Rivian JV; Rivian soarsVolkswagen stock slips on cost, implications of Rivian JV; Rivian soarsVolkswagen stock slips on cost, implications of Rivian JV; Rivian soars
Read more »

Stocks making the biggest moves midday: Rivian Automotive, FedEx, Whirlpool and moreStocks making the biggest moves midday: Rivian Automotive, FedEx, Whirlpool and moreThese are the stocks posting the largest moves in midday trading.
Read more »

This $16 Smoothing Spray Will Replace Your Keratin TreatmentsThis $16 Smoothing Spray Will Replace Your Keratin TreatmentsIf you get keratin treatments or are on the fence about starting, this spray tames frizz and smoothes just as well as a $400 one — see it!
Read more »

Kourtney Kardashian Wears This $16 Nexxus HairsprayKourtney Kardashian Wears This $16 Nexxus HairsprayPick up the $16 Nexxus Flexible Hold Comb Thru Hairspray for perfect hair like Kourtney Kardashian — details
Read more »

Reese Witherspoon Keeps Wearing Shirts and Dresses with This Pretty Detail — Shop the Trend from $16Reese Witherspoon Keeps Wearing Shirts and Dresses with This Pretty Detail — Shop the Trend from $16Reese Witherspoon wore a puff-sleeve shirt similar to a $228 top she wore last fall. She’s also worn dresses that have the feminine detail. Puff sleeves help prevent sunburn in the summer and can soften up the look of an outfit.
Read more »



Render Time: 2025-03-26 11:39:26