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 (LYFT) rose in the intraday levels, marking a profit of 1.70% in the last session, or 17 cents, and settling at 10.17, amid the dominance of the main downward trend in the medium term, with negative pressure from the 50-day SMA, with negative signals from the RSI after reaching overbought levels.
Therefore we expect the stock to return lower, targeting the support of 8.20, provided the resistance of 10.50 holds on.
Expected trend for today: Bearish