Buying pressure lifts Rivian stock higher in today's trading

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Rivian surges 4.98% today on strong deliveries

Highlights

Rivian has begun deliveries of its new R2 mid-size electric SUV, supporting a push for higher production and gross margin improvement by year-end.
R2 reservations are being converted to orders nationwide, with all US holders expected to receive invitations by end of June.
Rivian trades near $16.49 resistance, with mixed momentum signals; 74% probability favors consolidation or upside toward $17.12 in the near term.

Delivery expansion highlights ramp-up in output and profit ambitions

Rivian has started delivering its new R2 mid-size electric SUV to customers, with production ongoing at its Normal, Illinois facility. Deliveries have been reported in states including Washington and Illinois, and more are scheduled through early July. The R2 launch marks a critical expansion as the company targets higher production volumes and aims for a positive automotive gross margin by year-end. All US-based R2 reservation holders are expected to receive ordering invitations by the end of June.

Anton Kharitonov, expert at Traders Union, notes that although Rivian's move above all key moving averages provides a short-term lift, the broader trend remains bearish. He highlights mixed momentum signals, with the Awesome Oscillator's strong sell conflicting with session strength. Kharitonov is critical of Rivian's prospects despite new R2 deliveries, citing persistent technical divergences and doubts about sustained buyer appetite. He believes the push toward a positive gross margin is uncertain given volatile earnings and patchy demand. "Traders should be wary of false breakouts here — until Rivian proves stable above $16.49 with clear volume, the risk of reversal is high."

Viktoras Karapetjanc, expert at Traders Union, sees the R2 SUV deliveries as a game changer for Rivian's growth trajectory. He believes that ramping production at the Illinois facility lays the groundwork for margin expansion and broader investor confidence. Karapetjanc notes that the bullish structure remains intact, with all key moving averages supporting higher levels. He emphasizes that Rivian's focus on achieving a positive gross margin and the robust demand pipeline bodes well for further upside. "With momentum shifting and a strong product launch, I expect Rivian to outperform as the market offers multiple setups for bulls."

Upward bias holds as mixed momentum offsets technical support

Rivian is trading above its 20-day, 50-day, and 200-day moving averages ($16.17, $15.57, and $15.72, respectively), reinforcing trend support across timeframes. Current support sits at $16.17 and near-term resistance is at $16.49. Momentum indicators are mixed: MACD and ADX show neutral momentum, the RSI is at 50.27 and signals a buy, Stochastic RSI is near midpoint, and the CCI points to sell. Bull/Bear Power is slightly positive at 0.13, reflecting intraday buyer dominance and flagged as oversold. The Awesome Oscillator issues a strong sell that contrasts with underlying daily strength. Intraday price action is constructive with notable strength toward session highs, but the divergence among momentum indicators highlights ongoing uncertainty.

Earlier, analysts noted that Rivian was showing improving short-term strength while still contending with persistent long-term resistance. The latest confirmation of a broad technical upturn alongside the successful R2 rollout adds momentum to the bullish thesis, making a sustained close above $16.49 a key signal for potential further gains.

Source of Data: RIVN Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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