The Relative Strength (RS) Rating for Rivian Automotive moved up into a higher percentile Tuesday, as it got a lift from 61 to 73.
IBD's proprietary rating measures price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves. See if Rivian Automotive can continue to rebound and hit that benchmark.
How To Invest In Stocks In Both Bull And Bear Markets
Rivian Automotive is trying to complete a cup without handle with an 18.86 entry. See if the stock can break out in volume at least 40% above average.
The company posted 0% earnings growth in the latest quarterly report, while sales growth came in at -35%.
Rivian Automotive holds the No. 7 rank among its peers in the Auto Manufacturers industry group. Tesla, General Motors and Ferrari are among the top 5 highly rated stocks within the group.
RELATED:
Automotive Industry News, Self-Driving Cars And Stocks To Watch
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
