Is the trend changing for Rivian?

RIVN 's stock price, which has dropped by nearly 80% since September 2022, has started to move upward again in November 2024 with renewed demand.

The possibility of retesting the trendline formed during the 2022-2024 period has strengthened with the demand seen in the past month.

If this upward movement continues, the initial price target could be $19. Should the trend persist, price movements could extend to $28 and even $41.