LYFT INC. - 1H - Technical analysis published on 07/19/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 53.94 USD
My targets
48.45 USD (-6.59%)
46.02 USD (-11.28%)
My analysis
LYFT INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 53.94 USD. The next support located at 48.45 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 46.02 USD. Below this support, sellers could then target 40.98 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The LYFT INC. rating is 51.87 USD. The price is lower by -2.87% since the last closing and was between 50.54 USD and 52.18 USD. This implies that the price is at +2.63% from its lowest and at -0.59% from its highest.50.54
52.18
51.87
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of LYFT INC. in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 4 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 2
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 32.09 | 40.98 | 46.02 | 51.87 | 53.94 | 55.50 | 58.76 |
| Change (%) | -38.13% | -20.99% | -11.28% | - | +3.99% | +7.00% | +13.28% |
| Change | -19.78 | -10.89 | -5.85 | - | +2.07 | +3.63 | +6.89 |
| Level | Minor | Intermediate | Major | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 50.15 | 51.65 | 52.52 | 54.02 | 54.89 | 56.39 | 57.26 |
| Camarilla | 52.75 | 52.97 | 53.18 | 53.40 | 53.62 | 53.84 | 54.05 |
| Woodie | 49.85 | 51.49 | 52.22 | 53.86 | 54.59 | 56.23 | 56.96 |
| Fibonacci | 51.65 | 52.55 | 53.11 | 54.02 | 54.92 | 55.48 | 56.39 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 43.77 | 48.45 | 50.93 | 55.61 | 58.09 | 62.77 | 65.25 |
| Camarilla | 51.43 | 52.09 | 52.74 | 53.40 | 54.06 | 54.71 | 55.37 |
| Woodie | 42.66 | 47.90 | 49.82 | 55.06 | 56.98 | 62.22 | 64.14 |
| Fibonacci | 48.45 | 51.19 | 52.88 | 55.61 | 58.35 | 60.04 | 62.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 48.03 | 51.29 | 55.88 | 59.14 | 63.73 | 66.99 | 71.58 |
| Camarilla | 58.32 | 59.04 | 59.76 | 60.48 | 61.20 | 61.92 | 62.64 |
| Woodie | 48.71 | 51.62 | 56.56 | 59.47 | 64.41 | 67.32 | 72.26 |
| Fibonacci | 51.29 | 54.29 | 56.14 | 59.14 | 62.14 | 63.99 | 66.99 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 24.44 | |
| MACD (12,26,9): | -1.3800 | |
| Directional Movement: | -38.31 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 52.33 | |
| Parabolic SAR (0,02-0,02-0,2): | 54.13 | |
| Elder Ray (13): | -1.81 | |
| Super Trend (3,10): | 53.60 | |
| Zig ZAG (10): | 51.83 | |
| VORTEX (21): | 0.7700 | |
| Stochastique (14,3,5): | 14.29 | |
| TEMA (21): | 51.83 | |
| Williams %R (14): | -79.18 | |
| Chande Momentum Oscillator (20): | -2.75 | |
| Repulse (5,40,3): | -0.8400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2900 | |
| Courbe Coppock: | 10.42 |
| MA7: | 55.88 | |
| MA20: | 58.84 | |
| MA50: | 56.05 | |
| MA100: | 58.84 | |
| MAexp7: | 52.57 | |
| MAexp20: | 54.03 | |
| MAexp50: | 56.06 | |
| MAexp100: | 57.46 | |
| Price / MA7: | -7.18% | |
| Price / MA20: | -11.85% | |
| Price / MA50: | -7.46% | |
| Price / MA100: | -11.85% | |
| Price / MAexp7: | -1.33% | |
| Price / MAexp20: | -4.00% | |
| Price / MAexp50: | -7.47% | |
| Price / MAexp100: | -9.73% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on LYFT INC. at the time of the analysis were as follows:
- Lyft Announces Fourth Quarter and Fiscal Year Results
- Lyft To Announce Fourth Quarter 2020 Financial Results
- Lyft President and Co-Founder to Participate in Fireside Chat at the Credit Suisse 24th Annual Technology Conference
- Lyft Announces Third Quarter Results
- Lyft To Announce Third Quarter 2020 Financial Results
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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