Rivian Automotive Gains 4.20% as Bullish Candlestick Patterns and Moving Averages Signal Uptrend Continuation

Rivian Automotive (RIVN) has experienced a 4.20% increase on the most recent session, extending its five-day winning streak with a cumulative gain of 15.01%. This momentum suggests a short-term bullish bias, supported by rising candlestick patterns that indicate strong buying pressure. Key resistance levels are forming around $16.86 (the recent high on 2025-11-28), while critical support appears near $14.50, a prior consolidation zone. The price action shows a series of higher highs and higher lows, suggesting a potential continuation of the uptrend if the $16.86 level holds.
Candlestick Theory
Recent candlestick patterns, including long-bodied bullish candles and limited bearish shadows, reinforce the strength of the rally. A potential bullish engulfing pattern emerged around mid-November 2025, where the closing price surged above previous bearish consolidation. This suggests a shift in sentiment. However, caution is warranted if the price fails to surpass $16.86, as a breakdown could trigger a retest of the $15.11–$14.66 support corridor.
Moving Average Theory

The 50-day moving average (approximately $15.80) is currently above the 200-day MA (~$13.80), indicating a bullish trend. The 100-day MA (~$14.50) aligns with a key Fibonacci retracement level, acting as both a dynamic support and a confluence point. The short-term uptrend is intact, but traders should monitor if the 50-day MA crosses below the 100-day MA, which would signal weakening momentum.
MACD & KDJ Indicators
The MACD histogram has expanded in recent sessions, reflecting growing momentum, though the indicator is now in overbought territory. The KDJ oscillator (K=85, D=78) also suggests overbought conditions, with the J-line surging above D. While this may indicate exhaustion, the alignment with bullish candlestick patterns suggests a potential continuation rather than an immediate reversal. Divergence between price and momentum indicators is absent, reducing bearish risk for now.
Bollinger Bands
Volatility has increased, with the bands widening as the price approaches the upper band. This contraction-to-expansion pattern often precedes a breakout or reversal. The current positioning near the upper band (~$16.86) suggests a potential pullback to the mid-band (~$15.70) could occur if the rally stalls. Conversely, a break above $17.05 (the 2025-11-26 high) would validate a new upward phase.
Volume-Price Relationship
Trading volume has surged during the recent rally, with the five-day average volume increasing by ~30% compared to earlier in November. This validates the strength of the price move and suggests institutional participation. However, a divergence in volume (declining volume during new highs) could signal weakening conviction. For now, the volume profile supports the sustainability of the uptrend.
Relative Strength Index (RSI)
The 14-day RSI (~72) indicates overbought conditions, a level often associated with potential corrections. However, in strong uptrends, RSI can remain elevated for extended periods. A drop below 60 would suggest a pullback is likely, while a sustained reading above 70 implies the rally may continue. Given the recent Fibonacci retracement levels and moving average alignment, a retest of the 61.8% level (~$14.50) is probable if the RSI cools.
Fibonacci Retracement
Key Fibonacci levels from the November 2025 low ($12.50) to the high ($18.02) include 38.2% (~$15.10) and 61.8% (~$14.50). The current price (~$16.86) is near the 78.6% retracement level, which often acts as a temporary resistance. A breakdown below $16.18 (the 2025-11-26 low) would likely trigger a test of the 61.8% level.
Confluence and Divergences
The strongest confluence occurs at the $14.50–$14.66 zone, where the 100-day MA, Fibonacci 61.8% level, and prior support converge. This area is critical for trend continuation. Conversely, a divergence between the MACD and price action (if the MACD fails to make higher highs despite rising prices) would increase bearish risk. For now, the alignment of bullish candlestick patterns, moving averages, and volume supports a continuation of the rally.