Rivian Automotive (RIVN) stock price recorded gains in its latest intraday trading, amid the dominance of a primary bullish trend, with price moving alongside a minor trendline supporting this path in the short term. Positive signals continue to emerge from the Stochastic indicator after reaching deeply oversold levels, as the stock attempts through this advance to overcome the negative pressure from its 50-day SMA, which could signal a more complete recovery.

Therefore we expect the stock price to rise during its upcoming trading sessions, provided that support at $14.50 remains intact, targeting the resistance level at $17.15.

Todays price forecast: Bullish