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 price fell in the intraday levels, with negative pressure from the 50-day SMA, amid the dominance of the downward correctional wave in the short term, with negative signals from the RSI despite settling at oversold levels.
Therefore we expect more losses for the stock, targeting the support of $12.80, provided the support of $15.50 is reliably breached.
Trend Forecast: Bearish