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Rivian stock has flagged an inverted H&S pattern: will the rally continue?

Company FundamentalsAutomotive & EVConsumer Demand & RetailMarket Technicals & Flows
Rivian stock has flagged an inverted H&S pattern: will the rally continue?

Rivian (RIVN) jumped to $20.15 on Monday—its highest level since Jan. 8—up sharply on the back of strong vehicle delivery numbers. The stock is also outperforming key EV peers such as Lucid and Tesla this month, suggesting improving near-term demand and fundamentals.

Analysis

Rivian (RIVN) jumped to $20.15 on Monday—its highest level since Jan. 8—up sharply on the back of strong vehicle delivery numbers. The stock is also outperforming key EV peers such as Lucid and Tesla this month, suggesting improving near-term demand and fundamentals.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.35

Ticker Sentiment

LCID0.15

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