๐ $RIVN BOUNCES OFF $12.56: TECHNICAL RELIEF VS FUNDAMENTAL HEADWINDS!
Rivian Automotive ($RIVN ) perp contracts reflect short-term relief, holding near $13.10 (+1.39% 24h) after testing local support at $12.56.
๐ Fundamentals & Key Drivers:
๐น Q3 Deliveries: Reported 19,248 vehicles delivered, reaffirming full-year guidance of 65,000โ70,000 units.
๐น Capital Injection: Secured a $1B 10-year term loan facility from Volkswagen Group at 6.03% interest to support general operations and R2 platform scaling.
๐น Performance Gap: Stock remains down ~33% YTD, reflecting broader investor caution regarding cash burn and gross margin expansion.
๐ฏ Technical Structure (4H):
๐น Support: $12.56
๐น Overhead Resistance: $13.31 (MA25) and $14.14 (MA99)
๐น Oscillator Stance: RSI(6) sits neutral at 51.8.
๐ฏ Key levels:
Support: $12.56
Resistance: $13.31, then $14.14
Rivian Automotive ($RIVN ) perp contracts reflect short-term relief, holding near $13.10 (+1.39% 24h) after testing local support at $12.56.
๐ Fundamentals & Key Drivers:
๐น Q3 Deliveries: Reported 19,248 vehicles delivered, reaffirming full-year guidance of 65,000โ70,000 units.
๐น Capital Injection: Secured a $1B 10-year term loan facility from Volkswagen Group at 6.03% interest to support general operations and R2 platform scaling.
๐น Performance Gap: Stock remains down ~33% YTD, reflecting broader investor caution regarding cash burn and gross margin expansion.
๐ฏ Technical Structure (4H):
๐น Support: $12.56
๐น Overhead Resistance: $13.31 (MA25) and $14.14 (MA99)
๐น Oscillator Stance: RSI(6) sits neutral at 51.8.
๐ฏ Key levels:
Support: $12.56
Resistance: $13.31, then $14.14