RIVN’s recent price action remains below its 200‑day moving average, and a 3‑month trendline is more bearish than bullish. Fundamental weakness continues with production overruns and Morgan Stanley’s $13 target, reinforcing a downtrend.

Short‑term market sentiment is negative as the stock has yet to meet the $13 target and pullback remains visible. EV‑sector slowdown and competitor challenges further dampen risk‑neutral sentiment.

Execution risk remains high with ongoing job cuts and potential factory closures that threaten long‑term viability. The long‑term outlook is bleak until Rivian controls costs and scales production.

RSI sits at 28 and MACD is below zero, indicating oversold conditions but a bearish bias persists. Declining volume on potential breakout attempts confirms weak upside momentum.