LYFT Technical Analysis - LYFT INC-A

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to LYFT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, LYFT is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

Looking at the yearly performance, LYFT did better than 92% of all other stocks. We also observe that the gains produced by LYFT over the past year are nicely spread over this period.

LYFT is part of the Ground Transportation industry. There are 42 other stocks in this industry. LYFT outperforms 100% of them.

LYFT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so LYFT is lagging the market slightly.

LYFT is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

LYFT has an average volume of 21978800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

LYFT has an excellent technical rating, but the quality of the setup is 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

11.51

22.09

4 important support areas can be observed.

A support zone ranging from 21.57 to 21.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @14.80 from a trend line in the daily time frame.
Support @14.41 from a trend line in the weekly time frame.
Support @11.63 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

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	UP	POSITIVE	The long term trend for LYFT is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for LYFT is up.
ChartMill Relative Strength	92.13	POSITIVE	LYFT has a high relative strength, it outperformed 92.13% 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)	67.84	NEUTRAL	The RSI value for LYFT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.1	POSITIVE	The MACD value suggests LYFT has a positive trend, although the MACD value is declining.
Stochastics (14,3)	74.12	NEUTRAL	The Stochastics value for LYFT is a neutral value.
Average True Range in percent/ATR (20)	4.98	MEDIUM VOLATILITY	The ATR as a percentage value for LYFT suggests some volalility.
Average Directional Index/ADX (14)	46.81	POSITIVE	The high ADX value value for LYFT suggests a strong trend.