Electric vehicle (EV) manufacturer Rivian Automotive Inc RIVN will report its fourth-quarter (Q4) earnings on Wednesday, Feb. 21.
Wall Street expects a negative $1.32 in EPS and $1.26 billion in revenues as the Irvine, California-based company reports after market hours.
Rivian, a Tesla TSLA rival, focuses heavily on innovation and sustainability in the automotive industry. But its stock has seen ups and lows over the past year and is down over 21% over one year.
Let’s look at how the stock is currently placed ahead of Q4 earnings.
![](https://editorial-assets.benzinga.com/wp-content/uploads/2024/02/20090338/RIVN-stock-with-SMAs-Death-Cross.png)
Technical Setup
Per the technical setup of Rivian stock’s price chart, the current trend appears relatively stagnant, with slight selling pressure. The 50-day simple moving average (SMA) stands at $18.32, classifying it as a Sell, and the 200-day SMA is $18.97, reinforcing the Sell signal.
The 50D SMA crossing under the 200D SMA is referred to as a Death Cross — a bearish indicator of the expected price trend moving forward. For Rivian, the Death Cross formed on Feb. 1.
The 50-day and 200-day exponential moving averages (EMA) at $17.53 and $19.91, respectively, are further supporting the Sell signal.
The Moving Average Convergence Divergence (MACD) indicator stands at -0.74, suggesting a Sell. The Relative Strength Index (RSI) is 48.08, indicating that Rivian Automotive is oversold.
Additionally, analyzing the Bollinger Bands, the 25-day bands ($15.15 – $16.69) and the 100-day bands ($15.6 – $21.04) both suggest a Sell.
Overall, the technical setup for Rivian Automotive stock presents Sell indications across various moving averages and indicators.
Also Read: What’s Going On With Rivian Stock?
Rivian Analysts Consensus Ratings
Ratings & Consensus Estimates: Consensus analyst ratings on Rivian stock stand at a Buy currently with a price target of $23.46. However, Barclays recently (Feb. 12) downgraded the stock to Equal Weight from Overweight and reduced their price target from $25 to $16 a share.
RIVN Price Action: Rivian stock was trading at $16.30 at the close of market day on Feb. 16.
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