Rivian's price (RIVN) advanced in its latest intraday trading, after previously finding support at its 50-day simple moving average, which provided the bullish momentum behind its recent gains. This comes within the context of a medium-term primary uptrend, with the stock trading along a supporting trendline. We also observe the beginning of a positive crossover on the relative strength indicators after reaching excessively oversold levels compared to price movement, suggesting the formation of a positive divergence.

Therefore, we expect the stocks price to rise in the upcoming sessions, as long as support holds at $14.50, targeting the key resistance at $17.15.

Today's price forecast: Bullish