LYFT INC-A (LYFT) Stock Technical Analysis
NASDAQ:LYFT - Nasdaq - US55087P1049 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to LYFT. In the last year, LYFT was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
LYFT is one of the better performing stocks in the Ground Transportation industry, it outperforms 87% of 40 stocks in the same industry.
In the last month LYFT has a been trading in the 13.16 - 16.11 range, which is quite wide. It is currently trading near the high of this range.
LYFT has an average volume of 16548000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, LYFT did better than 79% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
LYFT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LYFT is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
LYFT has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
10.31
18.30
We found 3 important support areas.
- Support @13.61 from a trend line in the daily time frame.
- Support @11.44 from a trend line in the weekly time frame.
- Support @10.41 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 15.89 to 16.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @16.47 from a trend line in the daily time frame.
- Resistance @18.12 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for LYFT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LYFT is up. |
| ChartMill Relative Strength | 79.83 | POSITIVE | LYFT has a high relative strength, it outperformed 79.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LYFT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LYFT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LYFT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.95 | NEUTRAL | The RSI value for LYFT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests LYFT has a positive trend. |
| Stochastics (14,3) | 92.53 | OVERBOUGHT | The high Stochastics value suggests LYFT may be overbought. |
| Average True Range in percent/ATR (20) | 3.84 | MEDIUM VOLATILITY | The ATR as a percentage value for LYFT suggests some volalility. |
| Average Directional Index/ADX (14) | 17.89 | NEGATIVE | The low ADX value for LYFT suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
15.82
+1.2 (+8.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryGround Transportation
Performance
% Chg8.21%
1 Week17.97%
2 Weeks16.15%
1 Month7.18%
3 Month-5.66%
6 Month17.8%
12 Month41.25%
2 Year34.3%
3 Year7.4%
5 Year-46.68%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.67
ATR(20)%3.84%
ATR Inc60.46%
Range Today1.42
ADR(20)0.56
ADR(20)%3.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.83
Mansfield0.42
10 Day High16.11
10 Day Low13.16
20 Day High16.11
20 Day Low13.16
52 Week High19.07
52 Week Low9.66
CS1 End13.61
CR1 Start15.89
Volume & EV
DER(3)5.15%
DER(5)3.94%
Volume35.42M
Volume Incr15.79%
Vol(5)21.08M
Vol(50)16.55M