LYFT INC-A (LYFT) Technical Analysis
NASDAQ:LYFT • US55087P1049
Overall LYFT gets a technical rating of 0 out of 10. LYFT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 84% of all other stocks performed better in the past year than LYFT.
- LYFT is one of the lesser performing stocks in the Ground Transportation industry. 73% of 42 stocks in the same industry do better.
- LYFT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month LYFT has a been trading in the 12.83 - 17.11 range, which is quite wide. It is currently trading near the lows of this range.
- LYFT has an average volume of 15663200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
LYFT has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
12.24
When analyzing the support we can see 2 important areas.
- A support zone ranging from 13.04 to 13.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.36 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 13.96 to 14.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @14.62 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for LYFT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LYFT is down. |
| ChartMill Relative Strength | 16.34 | NEGATIVE | LYFT has a low relative strength, it was outperformed by 83.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LYFT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LYFT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LYFT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.69 | NEUTRAL | The RSI value for LYFT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests LYFT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 40.19 | NEUTRAL | The Stochastics value for LYFT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.66 | HIGH VOLATILITY | The high ATR as a percentage value for LYFT suggests high volalility. |
| Average Directional Index/ADX (14) | 38.09 | POSITIVE | The high ADX value value for LYFT suggests a strong trend. |
LYFT Technicals: Chart, Performance Metrics, Trend & Indicators
13.18
-0.66 (-4.77%)
LYFT INC-A / LYFT FAQ
What is the technical rating for LYFT stock?
ChartMill assigns a technical rating of 0 / 10 to LYFT.
What is the current trend direction of LYFT INC-A (LYFT) stock?
The current trend direction for LYFT INC-A (LYFT) is Bearish.
What is the RSI signal for LYFT stock?
LYFT INC-A (LYFT) has an RSI value of 35.6914. This indicates that the stock is currently neutral.
What is the buy/sell signal for LYFT INC-A (LYFT) stock?
The buy/sell signal for LYFT INC-A (LYFT) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for LYFT INC-A (LYFT) stock?
LYFT INC-A (LYFT) has a support level at 13.17 and a resistance level at 13.96. Check the full technical report for our detailed analysis of LYFT support and resistance levels.