LYFT INC-A (LYFT) Stock Technical Analysis
NASDAQ:LYFT - Nasdaq - US55087P1049 - Common Stock - Currency: USD
We assign a technical rating of 9 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.
The long and short term trends are both positive. This is looking good!
LYFT is one of the better performing stocks in the Ground Transportation industry, it outperforms 89% of 40 stocks in the same industry.
In the last month LYFT has a been trading in the 14.20 - 16.45 range, which is quite wide. It is currently trading near the high of this range.
LYFT has an average volume of 17086400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that LYFT is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
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.
Besides having an excellent technical rating, LYFT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 15.63, a Stop Loss order could be placed below this zone.
More info and screens
10.23
18.30
4 important support areas can be observed.
- A support zone ranging from 15.35 to 15.63. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 14.52 to 14.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.25 from a trend line in the weekly time frame.
- Support @10.33 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @16.37 from a trend line in the weekly time frame.
- Resistance @16.81 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 | 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 | 85.45 | POSITIVE | LYFT has a high relative strength, it outperformed 85.45% 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) | 59.28 | NEUTRAL | The RSI value for LYFT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests LYFT has a positive trend. |
| Stochastics (14,3) | 80.56 | OVERBOUGHT | The high Stochastics value suggests LYFT may be overbought. |
| Average True Range in percent/ATR (20) | 3.49 | MEDIUM VOLATILITY | The ATR as a percentage value for LYFT suggests some volalility. |
| Average Directional Index/ADX (14) | 22.43 | NEUTRAL | The ADX value for LYFT suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 16.38 | 15.34 | 1.04 (6.35%) | 15.75% |
| An entry @16.38. This is a Buy Stop order right above the resistance zone. | An exit @15.34. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.04 points, which is 6.35%. | When investing 15.75% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
16.15
+0.44 (+2.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryGround Transportation
Performance
% Chg2.8%
1 Week1.89%
2 Weeks9.94%
1 Month5.83%
3 Month48.99%
6 Month13.17%
12 Month21.16%
2 Year27.07%
3 Year16.52%
5 Year-44.75%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.61
ATR(20)%3.49%
ATR Inc-19.46%
Range Today0.36
ADR(20)0.52
ADR(20)%3.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.45
Mansfield1.03
10 Day High16.45
10 Day Low14.2
20 Day High16.45
20 Day Low14.2
52 Week High19.07
52 Week Low8.93
CS1 End15.63
CR1 Start16.37
Volume & EV
DER(3)2.72%
DER(5)2.23%
Volume7.60M
Volume Incr-3.21%
Vol(5)13.68M
Vol(50)17.09M