Lyft, Inc.s stock price (LYFT) extended its decline in latest intraday trading, breaking below a short-term upward correctional trend line, in parallel with falling beneath the 50-day SMA both moves intensifying the negative pressure on upcoming trades. This drop is also accompanied by negative signals streaming from the Stochastic, after it had previously reached extremely overbought levels.

Therefore we expect the stock to decline in upcoming trading, as long as the resistance of $16.45 holds on, targeting the pivotal support level of $14.20.

Todays price forecast: Bearish