Resistance

Time

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>LYFT stock price defends the $10.00 support and tries to recover the losses.</a> </li> 
 <li> <span>2</span> <a>LYFT Inc. stock is trading between the 50-day and 200-day EMA.&nbsp;</a> </li> 
 <li> <span>3</span> <a>LYFT stock price is stuck in a narrow-range consolidation.</a> </li> 
</ul> 
<p>LYFT stock price defended $10.00 and showed a sharp bounce from the demand zone. The downfall has taken a halt and buyers are trying their best to reverse the trend.&nbsp;</p> 
<p>LYFT stock price sustains above the 50-day EMA showcasing that the short-term trend is upward. However, prices faced rejection from the 200-day EMA so the long trend is still in a downward direction.&nbsp;</p> 
<p>Previously, buyers tried multiple times to break the $12.85 hurdle to bring back the confidence of investors. However, due to the presence of strong sellers, the breakout attempt failed and prices reverted down.&nbsp;</p> 
<p>On the lower side, $10.00 acted as strong support and buyers absorbed the sell-off.&nbsp;</p> 
<p>The price pattern of the LYFT stock is quite volatile which indicates that the speculators are active. Therefore, investors need to be careful and wait for the confirmation of a $12.85 breakout before creating any position.&nbsp;</p> 
<p>Currently, LYFT share prices seem to be stuck in a narrow range between&nbsp; $10.00 to $12.85. It is consolidating for the base formation so the downside risk looks limited.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-is-lyft-stock-forming-a-long-term-base-strong"><strong>Is LYFT Stock Forming a Long-Term Base?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large is-resized">
  <img decoding="async" loading="lazy" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-335-1024x434.png" alt="" class="wp-image-167513" style="width: 100%;height:434px" width="1024" height="434" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-335-1024x434.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-335-300x127.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-335-768x325.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-335-1536x651.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-335-750x318.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-335-1140x483.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-335.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   NASDAQ: LYFT daily chart by <a href="https://www.tradingview.com/x/ub5AHnb0/" target="_blank" rel="noreferrer noopener">TradingView</a>
  </figcaption>
 </figure>
</div> 
<p>LYFT stock price recovered well from its 52-week low and prices holding the previous gains. It shows some genuine investors might have injected the money accumulated at the lower levels.&nbsp;</p> 
<p>LYFT Inc. <a href="https://www.thecoinrepublic.com/2023/09/02/lyft-stock-forecast-1-million-insider-purchase-in-lyft/'" target="_blank" rel="noreferrer noopener">stock price</a> closed the previous session at $11.42 with an intraday rise of 0.79%. Till LYFT share sustains above $9.46, the prices are expected to continue the consolidation.&nbsp;</p> 
<p>The next phase of recovery in the LYFT will come when buyers are able to break the $12.85 hurdle. On the other hand, if the price drops below the $9.46 level, then more downside will open.&nbsp;&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-lyft-stock-price-analysis-on-weekly-time-frame-strong"><strong>LYFT Stock Price Analysis on Weekly Time Frame</strong></h3>  
<div class="tradingview-widget-container">
  &nbsp;&nbsp;
 <div id="tradingview_903f2"></div> &nbsp;&nbsp;
 <div class="tradingview-widget-copyright">
  <a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a>
 </div> &nbsp;&nbsp;
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> &nbsp;&nbsp;
 <script type="text/javascript">

  new TradingView.widget(

  {

  "width": 950,

  "height": 500,

  "symbol": "NASDAQ:LYFT",

  "interval": "D",

  "timezone": "Etc/UTC",

  "theme": "dark",

  "style": "1",

  "locale": "en",

  "enable_publishing": true,

  "allow_symbol_change": true,

  "studies": [

    "STD;Supertrend"

  ],

  "container_id": "tradingview_903f2"

}

  );

  </script> 
</div>  
<p>LYFT stock price formed a bullish candle on the weekly timeframe. However, it will be interesting to see whether the buyers are able to give the follow-up momentum or not.&nbsp;</p> 
<p>The super trend indicator generated a buy signal indicating prices may rise upward in the coming weeks. The MACD curve slopes sideways and tries to trade above the zero line. It indicates prices might spend some more time in consolidation.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>LYFT stock price defended $10.00 and showed a minor recovery from the lower levels.&nbsp;</p> 
<p>The analysis suggests that the stock has formed a strong base near $10.00 so the downside risk looks limited. However, if the buyers are able to break the $12.85 hurdle, then a sharp rise is possible.</p> 
<h5 class="wp-block-heading"><strong>Technical Levels</strong></h5> 
<ul> 
 <li>Resistance levels: $12.85 and $16.00</li> 
 <li>Support levels: $10.00 and $9.46</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

LYFT Stock Price Holds $10; LYFT Stock Preparing for a Rally?

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