Lyft’s stock price fell in the intraday levels amid negative pressure from trading below the 50-day SMA, while trading alongside the downward secondary trend line in the short term, thus readying to breach the current support of $12.00, with negative signals from the RSI after trying to vent off oversold saturation there.

 

Therefore we expect more losses for the stock, provided the support of $12.00 was breached, thus targeting the next one at $8.93.

 

Trend forecast for today:  Bearish