Lyft price returns lower - Forecast today - 01-05-2024-April 2024-www.financetom.com

Lyft price returns lower - Forecast today - 01-05-2024

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Lyft price returns lower - Forecast today - 01-05-2024

May 1, 2024 7:23 AM

Lyfts 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

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