Lyfts stock price returned lower in the intraday levels, amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA, after attempting to vent off oversold saturation in the RSI as positive signals stream out of them.

We now expect more losses for the stock, targeting the support of $11.70, provided the support of $13.37 is reliably breached.

Trend forecast: Bearish