Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Lyft’s stock fell in the intraday levels, after touching the resistance of the 50-day SMA, with negative signals from the RSI after reaching overbought levels, amid the dominance of the downward correctional wave in the short term.
Therefore we expect more losses for the stock, targeting the support of 11.36, provided it settles below the resistance of 13.26.
Expected trend for today: Bearish