Stock of the day: Rivian Automotive
21 May 2025
In today’s analysis, I’d like to revisit Rivian Automotive — a stock I previously analyzed on May 1st. At that time, the price was moving within a symmetrical triangle pattern, a classic consolidation phase signaling potential for a sharp breakout in either direction. I noted a slightly stronger bias in favor of the buyers, but made it clear that a proper signal to go long would require a confirmed breakout above the blue resistance line.
That breakout came on May 9th, when the price surged decisively through the upper boundary of the triangle. Since then, momentum has been entirely in the bulls’ favor. From May 14th onward, Rivian has delivered a string of consecutive bullish sessions, with the price steadily climbing to new multi-month highs.
As of now, Rivian is trading at levels not seen since July 2024 — a clear sign of long-term strength. The technical outlook is overwhelmingly positive, and as long as the price stays above the broken resistance (now acting as support), the uptrend remains intact. The breakout has proven to be a strong and reliable signal, confirming the shift in sentiment and the start of a new bullish leg.