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RIVN forms 20 Day Moving Average Support on August 28
On Friday, August 28th, RIVN moved down 4.35% while volume was to 1.3× the usual levels. Mixed technical signals appeared with 20 DMA Support suggesting upside potential, while Fell Below 50 DMA and Fell Below 200 DMA and Expansion Pivot Sell Setup and Directional Movement Crossover Bearish indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 15.54, 15.01 & 14.42, with resistance at 16.67, 17.26 & 17.79.
Current SwingTradeBot Technical Rating of RIVN: C
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