Lyft, Inc. (LYFT) stock advanced in its latest intraday trading, rising to test the current resistance level of 17.50. Holding at this level allowed the stock to trim much of its prior losses, even as negative signals appeared in the Stochastic indicators while attempting to unwind its overbought levels. Positive pressure continues from trading above its previous 50-day SMA, while the short-term bullish trend remains in control with trading along an upward slope line that supports this path.

Therefore, we expect the stock to rise in its upcoming trading, provided it breaks the mentioned resistance of 17.50, to then directly target the key resistance level of 19.07.

Today’s price forecast: Bullish.

FedEx Corporation (FDX) stock advanced slightly in its latest intraday trading, but remains under negative pressure from trading below its previous 50-day SMA. The medium-term main bearish trend also stays in control, with trading moving along a downward slope line that adds to the surrounding bearish outlook. This is further reinforced by negative signals in the Stochastic indicators, after previously reaching strongly overbought levels.

Therefore, we expect the stock to decline in its upcoming trading, as long as the resistance level of 238.00 holds, to then target the important support level of 216.00.

Today’s price forecast: Bearish.

Lockheed Martin Corporation (LMT) stock declined in its latest intraday trading, as the stock attempts to gain positive momentum that may support recovery and a renewed rise. At the same time, it is working to unwind part of its clear overbought levels in the Stochastic indicators, especially as negative signals have begun to appear. With this decline, the stock found support at its previous 50-day SMA, while the short-term corrective bullish wave remains in control.

Therefore, we expect the stock to rise in its upcoming trading, provided the current support level of 445.00 holds, to then target the resistance level of 479.00.

Today’s price forecast: Bullish.