Lyft, Inc. (LYFT) stock advanced in its latest intraday trading, rising to test the current resistance level of 17.50. Holding at this level allowed the stock to trim much of its prior losses, even as negative signals appeared in the Stochastic indicators while attempting to unwind its overbought levels. Positive pressure continues from trading above its previous 50-day SMA, while the short-term bullish trend remains in control with trading along an upward slope line that supports this path.

Therefore, we expect the stock to rise in its upcoming trading, provided it breaks the mentioned resistance of 17.50, to then directly target the key resistance level of 19.07.

Todays price forecast: Bullish.