Lyft, Inc. (LYFT) surged in its latest intraday trading after the pivotal support level at $18.85 held, providing the stock with positive momentum that helped it achieve these gains. This move was supported by the emergence of positive signals from the RSI indicators after they had reached extremely oversold levels. The stock is also trading under the dominance of the main medium-term ascending trend, moving alongside a supporting trendline. However, on the other hand, the stock continues to face negative pressure from trading below its 50-day SMA, which threatens the sustainability of any future gains.

Therefore we expect the stock price to rise in its upcoming trading, provided that the mentioned support level at $18.85 remains intact, targeting the nearby resistance level at $21.00, after which expectations turn neutral pending new signals.

Todays price forecast: Bullish