. LYFT INC stock price & technical analysis - Capital street fx

DAILY TECHNICAL ANALYSIS OF LYFT INC & TRADING TIPS

08 Apr 2022

LYFT INC. Technical Analysis: Weekly Chart

stock analysis

In the weekly charts, LYFT INC. is trading in a down channel.

It is trading below all SMA.

The immediate support is 33.53 & the resistance level is at 35.63.

LYFT INC. is trading in the down channel until there is trend reversal.

LYFT INC. Technical Analysis: Daily Chart

stock analysis

In the daily charts, LYFT INC. was trading in an up channel.

It is trading below all SMA.

The immediate support is 33.54 & the resistance level is 35.57.

LYFT INC. was trading in the up channel before the breakout downside. 

How to Trade LYFT INC. this Week:

LYFT INC. will follow the downtrend until their trend reversal. So, remain bearish on LYFT INC.

TRADE SUGGESTION- SELL AT 34.59, TAKE PROFIT AT 33.54 AND STOP LOSS AT 35.57