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Jonathan Merton's Avatar
published in Blogs
May 22, 2023

High-Performing Robot Delivers 6.27% Gain with RIVN Trade

Swing trader: Deep Trend Analysis v.2 (TA), an AI trading robot, has recently emerged as a top performer in Tickeron's robot factory, showcasing its ability to generate impressive returns. In this article, we will analyze the robot's prediction for RIVN and examine its bearish indicators. Additionally, we will delve into the company's recent earnings results and market capitalization to provide a comprehensive overview of the stock's current situation.

Bearish Indicators and Future Declines: The AI trading robot, Swing trader: Deep Trend Analysis v.2 (TA), identified a bearish sign for RIVN by observing its consecutive decline over three straight days. Historical data analysis further reinforces this observation, revealing that in 103 out of 107 cases where RIVN experienced a three-day decline, the price continued to decline further within the following month. This statistical insight suggests that the odds of a continued downward trend for RIVN are approximately 90%. Investors should keep a close watch on the stock for potential future declines.

Earnings Results and Market Capitalization: Analyzing RIVN's recent earnings report, which was released on May 09, we find that the company reported earnings per share (EPS) of -125 cents. This figure exceeded the estimated EPS of -161 cents, indicating a positive surprise in terms of profitability. The better-than-expected earnings performance may signal improved financial health for RIVN, potentially impacting investor sentiment positively.

With 7.59 million shares outstanding, RIVN's current market capitalization stands at 12.65 billion dollars. Market capitalization is a key metric that reflects the overall value of a company as perceived by the market. The significant market capitalization of RIVN indicates its standing as a sizable player in the market, attracting attention from investors and potentially influencing trading activity.

Swing trader: Deep Trend Analysis v.2 (TA), an AI trading robot, has demonstrated its proficiency by achieving exceptional performance in Tickeron's robot factory. The identification of bearish indicators, such as RIVN's consecutive decline over three days, coupled with historical data analysis, suggests a high probability of a continued downward trend. Investors are advised to closely monitor the stock for potential future declines.

On the positive side, RIVN's recent earnings report revealed earnings per share that surpassed expectations, which could bolster investor confidence in the company's financial performance. Furthermore, RIVN's significant market capitalization underscores its prominence in the market, attracting investor interest.

Related Ticker: RIVN

RIVN's RSI Oscillator recovers from overbought zone

The 10-day RSI Oscillator for RIVN moved out of overbought territory on May 30, 2023. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 5 instances where the indicator moved out of the overbought zone. In of the 5 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where RIVN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

RIVN broke above its upper Bollinger Band on May 26, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for RIVN entered a downward trend on May 05, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on May 04, 2023. You may want to consider a long position or call options on RIVN as a result. In of 22 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for RIVN just turned positive on May 01, 2023. Looking at past instances where RIVN's MACD turned positive, the stock continued to rise in of 13 cases over the following month. The odds of a continued upward trend are .

RIVN moved above its 50-day moving average on May 22, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for RIVN crossed bullishly above the 50-day moving average on May 18, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 3 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RIVN advanced for three days, in of 64 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.086) is normal, around the industry mean (9.571). P/E Ratio (0.000) is within average values for comparable stocks, (95.933). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.857). RIVN has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.042). P/S Ratio (6.094) is also within normal values, averaging (74.768).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. RIVN’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. RIVN’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock worse than average.

Notable companies

The most notable companies in this group are Tesla (NASDAQ:TSLA), Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM), NIO Inc. (NYSE:NIO).

Industry description

Automobiles continue to be arguably the most popular form of passenger travel in the U.S., and major automobile makers have revenues and market capitalizations running into multi-billions. In recent years, the industry has been experiencing some path-breaking innovations like electric vehicles and self-driving technology. While there are long-standing companies like General Motors, Ford, and Toyota Motors operating in this space, there are also emerging/rapidly growing players like Tesla – which has had a major role in the growing popularity of the electric vehicle market. With technological advancements taking steam in the auto space, we’ve also witnessed collaborations (or talks of potential partnerships) of carmakers with tech behemoths like Google’s subsidiary, Waymo.

Market Cap

The average market capitalization across the Motor Vehicles Industry is 28.05B. The market cap for tickers in the group ranges from 2.87M to 646.36B. TSLA holds the highest valuation in this group at 646.36B. The lowest valued company is NVYAF at 2.87M.

High and low price notable news

The average weekly price growth across all stocks in the Motor Vehicles Industry was -1%. For the same Industry, the average monthly price growth was -1%, and the average quarterly price growth was -10%. GKIT experienced the highest price growth at 42%, while EVTV experienced the biggest fall at -17%.

Volume

The average weekly volume growth across all stocks in the Motor Vehicles Industry was 13%. For the same stocks of the Industry, the average monthly volume growth was 52% and the average quarterly volume growth was 27%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 48
P/E Growth Rating: 68
Price Growth Rating: 58
SMR Rating: 68
Profit Risk Rating: 88
Seasonality Score: -9 (-100 ... +100)
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A.I.Advisor
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A.I. Advisor
published General Information

General Information

Industry MotorVehicles

Profile
Fundamentals
Details
Industry
N/A
Address
14600 Myford Road
Phone
+1 888 748-4261
Employees
14122
Web
https://www.rivian.com
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RIVN and

Correlation & Price change

A.I.dvisor indicates that over the last year, RIVN has been closely correlated with LCID. These tickers have moved in lockstep 71% of the time. This A.I.-generated data suggests there is a high statistical probability that if RIVN jumps, then LCID could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To RIVN
1D Price
Change %
RIVN100%
-0.94%
LCID - RIVN
71%
Closely correlated
+0.45%
TSLA - RIVN
64%
Loosely correlated
+1.38%
FSR - RIVN
61%
Loosely correlated
-4.41%
GM - RIVN
57%
Loosely correlated
-2.85%
WKHS - RIVN
56%
Loosely correlated
-5.28%
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