When the Price of (LYFT) Talks, People Listen
July 12, 2024, 22:56 pm ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for LYFT
- NONE. Details
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.
- Short LYFT slightly under 14.32, target n/a, stop loss @ 14.36 Details
The technical summary data is suggesting a short of LYFT as it gets near 14.32, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 14.36. 14.32 is the first level of resistance above 13.11, and by rule, any test of resistance is a short signal. In this case, if resistance 14.32 is being tested, so a short signal would exist.
Swing Trading Plans for LYFT
- Buy LYFT slightly over 13.6, target 14.32, Stop Loss @ 13.56 Details
If 13.6 begins to break higher, the technical summary data tells us to buy LYFT just slightly over 13.6, with an upside target of 14.32. The data also tells us to set a stop loss @ 13.56 in case the stock turns against the trade. 13.6 is the first level of resistance above 13.11, and by rule, any break above resistance is a buy signal. In this case, 13.6, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short LYFT slightly near 13.6, target 12.99, Stop Loss @ 13.64. Details
The technical summary data is suggesting a short of LYFT if it tests 13.6 with a downside target of 12.99. We should have a stop loss in place at 13.64 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 13.6, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for LYFT
- Buy LYFT slightly over 13.6, target 14.32, Stop Loss @ 13.57 Details
If 13.6 begins to break higher, the technical summary data tells us to buy LYFT just slightly over 13.6, with an upside target of 14.32. The data also tells us to set a stop loss @ 13.57 in case the stock turns against the trade. 13.6 is the first level of resistance above 13.11, and by rule, any break above resistance is a buy signal. In this case, 13.6, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short LYFT slightly near 13.6, target 13.04, Stop Loss @ 13.63. Details
The technical summary data is suggesting a short of LYFT if it tests 13.6 with a downside target of 13.04. We should have a stop loss in place at 13.63 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 13.6, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Lyft Inc. (LYFT) available here: LYFT.
LYFT Ratings for July 12:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
14.32 |
| P2 |
13.04 |
12.99 |
17.08 |
| P3 |
13.5 |
13.6 |
20.27 |
AI Generated Signals for LYFT
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Lyft Inc. (NASDAQ: LYFT) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for LYFT can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for LYFT:
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