Rivian Posting HUGE Q2 Numbers │ What is NEXT for Rivian ⚠️ Rivian Investors MUST WATCHJul 04, 2023
Overseas fans are welcome back to Financial Journey, so today I want to go over some of the latest technical updates and where I see things from here before we get into any of that, though be sure to hit the thumbs up and subscribe. I always appreciate it very much. and with that being said let's get right to it so it is currently up 14.23 and already had a high in the first 30 minutes of the trading day 19.40 a lot of volume so 21 million shares are being traded as I said in that short period and 40 is the average for the day and this is largely because they revealed their
numbers, so their production and delivery figures and to the extent that 13,992 vehicles were produced, they were delivered 12,640, so they also stated that they are on track to deliver 50,000 vehicles by the end of the year, which is actually Epic News based on this, although these are the first quarter
numbers, approximately around 9,400 vehicles were produced in the first quarter and almost 8,000 vehicles were delivered in the first quarter.
So based on this, it's fair. assume that yes, they are right, they will actually reach their goal of 50,000 vehicles. I know it was a little low. Some people didn't like that much, which means Wall Street. I think they initially wanted 60 and based on the first quarter. rivien earnings call they said that the fourth quarter is going to be absolutely epic, this is when they are going to increase significantly so of course I think that again that is why I feel that these numbers are correct and that it is on track to they have that 50,000 target, which means they're a lot closer to being productive, so of course they said that in 2024 there will be a net positive company, so overall I think that's a pretty good thing, like Marginal note. he said August 8th will be his quarterly earnings so in his conference I will also live stream it so make sure you guys hit the thumbs up and subscribe but I showed you this chart in the past and it just shows in general, the average age of a vehicle, US vehicles, and it goes by types of cars, light trucks, etc., actually a lot of the typical average vehicles are reaching really high age levels, which means that in The
nextfew years or a couple of years, people will replace these vehicles and ideally with EVS, especially considering the first quarter earnings.
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rivian posting huge q2 numbers what is next for rivian rivian investors must watch...
Rivien said there is massive demand for their vehicles, so once again I think this will be pretty good and could just be the tip of the iceberg. for the
nextfew years, so let me know your thoughts on that in the comments below, but beyond that, as you can see here in the first roughly, like I said, 38 minutes of the trading day, there's $12 million in calls. bought against 1.32 million inputs, so although it has risen quite a bit today, people still anticipate that raving will basically go to the moon, but when it comes to options activity, it doesn't necessarily move the price of stocks, so be careful. aware of that and to the extent that if you're looking at the options chain or I guess the grid, these are all the expiration dates of the call strike prices, it's anticipated, based on this, that it's going to be around the range from 1850 to 19 dollars in the next pair. weeks, so of course I think it's a pretty good thing, as far as looking here, you see a lot of money coming into Rivian, so these are all the transactions, so the supply and the demand versus asking price, so today is going to be a very popular day for jokes and I think that's a bit more of a euphemism, but a lot of people want to know
what's coming next, how high the tape could go or where I see things going, for example, so I start looking at stochastics because of this. recent rise which of course I think is quite justified to some extent, is causing stochastic to have a very nice bullish sentiment behind the scenes, but at the same time it is getting quite warm, so if it stays in this range for A while will be considered overbought because it will go down, consolidate, and of course touch some of the FIB levels for the next big support and resistance points, but that's something to keep in mind whenever stocks generally go up a lot. . fast as a result of the news, sometimes you don't necessarily have the developed support that's needed, look here, although a number of retail
investorsare just getting in, they're selling their dogs, their kids, and they're buying ribbian, so it's interesting to see. that's because when Rivian, for example, was 12 years old, it seems like no one cared, it's very backwards and that's something I don't really understand about the whole stock market, it's at times when there are good fundamental companies like Rivian and when it was at 13 14 and even at 14 and 12 like this is a bargain but you still saw very few buyers it's kind of the other way around but yeah at 19 you see everyone buying it so it's a little bit weirder, but still on a side note as far as looking at some of the FIB levels, since it's at 19.20, it's technically above
whatever the FIB level is looking at here, so looking at the Four-hour chart is basically above this R3, making it the highest resistance point as of right now, nineteen dollars and two cents.
It's currently above that, so it's in some sort of epic momentum, but as I said at the same time, this is why it might actually need to consolidate a little bit on the downside, because with the Stochastics and the Fib . levels and all the other fun Jazz, so I'll give you a quick overview of, for example, seeing what the shorts are doing, just as another point of reference, not necessarily saying there's going to be a squeeze, but it's good to use these guys as another tool to
watch, so right now the short score is currently 64, utilization is 31.02 percent, so looking here the short source surprisingly increases 612,000 shares , so this is a very good indication that clearly, based on this, they don't believe that, for example, the tape should go away. going up that much and again some of these calls could actually be hedging your bets so keep in mind that 14.39 of the float is shorted. 88.27 Million shares overall are shorted.
The cost of borrowing is just a few cents, i.e. 0.42 percent. When it comes to Rivian, I still don't feel like it's a pressure play, so that's something you have to keep in mind, but like I said, I feel and I kinda agree with the shorts that this has gone up a bit. a little too fast, too high just for today, so I think it's actually necessary to consolidate it to around the 1850 range, in my opinion, who is not a financial advisor, so you guys always do your own due diligence, but although they could potentially be consolidating.
I feel like these numbers kind of lead the way for them to really go high because even technically looking at some of the analyst ratings for Rivian here, a lot of analysts have been very skeptical of the entire EV sector and some of which even have been for Rivian, but based on this, you can see some of the recent ones, so 13 days ago it was very Concord and trees, if I say it right, 2740 and 28, many analysts see that there is a Rivien has many advantages, even the average consensus right now is 21.93, which is still a 16 lead from here and a lot of these numbers are very, very conservative in my opinion, of course, because even technically, I think it was Goldman or Morgan Stanley I think Adam Jonas is very bearish on Rivian, but even so, being bearish, he still gave a target of 24, so once again I feel like there is an immense amount of upside for Riven that could potentially reach the 20s, maybe even the 30.
Only in 2023, especially as I said, with a significant increase below the production and delivery numbers for the fourth quarter or in the fourth quarter. I suppose it will be very good for the share price, but as I said, it's a question of risk versus reward. Stocks go up very fast sometimes. They get taken down very quickly, so be careful, but I think based on these numbers, like I said, you're really setting your trajectory for all of your operations, so let me know your thoughts on all of this in the comments below. If you haven't already, please like and subscribe.
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watching it and let's all make a lot of money with Rivian Foreign.
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