Lyft Ready for Lift Off!Cup and handle pattern on week
currently breaking handle (need stay above $14 ) & headed towards top of cup at $20 (positive ER should do it). Next week continue to up side
LY0 trade ideas
$LYFT Longlooking good for leaps, failed breakdown (2b bottom) on weekly happening and likely going back up to the blue box. Probably a good candidate for leaps with a LIS of $11
Will take multiple months to play out, see the timeframe on bottom of chart.
Need a lift to the $30 mark? LYFT is here for you!Lyft is gaining bullish momentum, with the potential to fill the bearish gap at the $30.00 level. The stock has shown resilience at the $12.75 support level, and a decisive break could trigger a sustained upward movement. The technical setup suggests a strong buying opportunity as it approaches key support levels, creating a favorable 5.4 risk-reward ratio for traders looking to capitalize on the next breakout.
From a long-term perspective, Lyft also presents a compelling investment opportunity. As the second-largest player in the U.S. ride-hailing market, Lyft continues to benefit from a growing gig economy and rising demand for mobility services. The company’s ongoing focus on improving profitability, optimizing operational costs, and expanding into new revenue streams, such as its growing bike and scooter business, positions it well for sustainable growth.
Additionally, with competitors like Uber focusing on a diversified portfolio, Lyft’s leaner, ride-sharing-centric business model allows it to concentrate on enhancing user experience and driver incentives. In an environment of increasing urban mobility and transportation demand, Lyft’s streamlined approach and its digital-first strategy could lead to market share gains and increased investor confidence.
As it targets higher valuations, Lyft’s improving fundamentals and potential gap fill at $30.00 make it an attractive buy for both momentum traders and long-term investors.
NASDAQ:LYFT
Lyft | LYFT | Long at $9.75First, from a technical analysis perspective, NASDAQ:LYFT has not "officially" found a bottom yet. No one can confidently state it has - their guess is as good as yours. This analysis is full of caution simply around the fact this stock could absolutely dip to below $5.00 in the future.
With that said, NASDAQ:LYFT is currently the #3 travel app in the Apple store (#1 is Uber, #2 is Airbnb). It has a 4.9 (Apple) and 4.7 (Google) star rating and tens of millions of downloads. Car prices, insurance rates, parking fees, gas/electric rates, etc. are pushing more people into the rideshare environment. With a recession knocking on the US's door, the fee-for-service model will make more sense than actually owning for many. But, a recession is a recession and the market hates them... Lyft is currently the only true competitor to Uber and its earnings are likely to grow as the travel environment "modernizes" in the future.
At $9.75, the stock closed all previous lower gaps on the daily chart. Currently, open price gaps (which are often good predictors of future price movement) are all above its current price. A bottom *may* be in, but see intro... I view the current price as a personal buy zone with room for additional shares if the price dips to near $5 (and fundamentals don't change).
A high-growth potential stock in an ever-changing travel environment.
Target #1 = $15.00
Target #2 = $22.00
Target #3 = $30.00
Target #4 = $75.00+ (long-term view...)
Lyft Could Pay Out Before EarningsThis is a reminder that it is a very bad idea to hold through earnings, that is gambling. Use the volatility to your advantage and get out the day before. The set up is difficult to read so, I dive into the 4 hour and discuss how and why I came up with my entry idea.
$LYFT Longlooking good for leaps, failed breakdown (2b bottom) on weekly happening and likely going back up to the blue box. Probably a good candidate for leaps with a LIS of $11
Will take multiple months to play out, see the timeframe on bottom of chart.
LYFT Swing Idea🚕 NASDAQ:LYFT Daily
• Golden Zone Setup
• BT Cloud Flip on Weekly Above Resistance
• Break Above Volume Shelf + Double Top
• Igniting Candle with Vol on Break of TL
• RSI Rising above 50 on Weekly
First Target Previous Resistance at at $15.60 🎯
$LYFT Breaks Downtrend LineNASDAQ:LYFT I thought I published this idea back on September 17th when I went long. I started with a ½ size position on that date. I added additional shares on Monday the 23rd and again yesterday to bring it up to a full-size position. I am now hoping it will consolidate some of these gains. This is one I plan on trading around, meaning I may take some profits and look to add back or if it does not fall below the 5 DMA (white) and simply consolidates there I may simply add. It looks to me that NASDAQ:LYFT “could” run to the $15 area before hitting any resistance. All TBD.
On a side note, were I just seeing this, I would wait for some consolidation or a pullback before entering a position.
Ideas, not investing / trading advice.
Long Oppertunity (Short/Mid-term)Fundamental
- Numbers look good, yearly growth 7%
- Earnings growth of 3.5%
- Earnings outlook with growth of 33% next year. (25% coming 5Y)
- Forward PE of 11.
Techincial
- Lays on a strong bottom. tested resistance but didn't break, which makes it a good price
with a potential high risk/reward of 10 if stop placed under the last low with 1 20D STD below.
Strategic
- If you can grow a business in this field you do something good.
- I have no understanding of the business model behind these specific earnings but knowing its tech, an existing market, and a service that matches a lot of demand by millennials who can
find this app and make it a profitable enterprise makes this a good opportunity.
The business models that I know from this sector are very profitable, scalable and killing it in general if set up correctly.
Lyft new lows coming below 8, then 100?Lyft gave out weak guidance, stock being punished. But over the next 5 years, Lyft is growing its earning power. Long term investors might want to keep this stock on the growers at reasonable value list. Lyft finally has gone profitable this year and looks to grow yearly at 20% plus.
If we are going into recession this year or next, lyft could suffer, making the stock cheaper and making new lows. Lyft has debt but also the cash and earning power to service it.
Lyft has a high gross profit margin, which helps as revenue grows. Uber is far large and in more markets, which makes lyft the underdog with luft at 4.4 billion market cap vs uber at 135 billion.
Lyft has something close to a 8% earnings yield at this price near 9. Value investors will be attracted here as an entry. 8 % yield gives somewhat of a margin of safety as its twice what treasuries are paying. 8% earnings yield on a business that can grow earnings at over 20% per year as extremely attractive.
Super bullish setupRounding bottom with more than 2 years base. Also a descending triangle. First target 20. Then will see. SL triggers only if a weekly candles breaks down and closes under the 15.5 support level.
Target 14.94Following daily chart, got a long signal from my indicator.
TP1 14.10
TP2 14.94
Also following 100 EMA as a target, purple one.
SL - Stop under 13.06 in daily candle.
Take a lyft?I doubt this triggers. BUT THAT is a LOT of bear candles if we do trigger and breakout. A lot of bears will be forced to buy to cover.
If this does breakout (trigger) & I lose on this position. I WILL only take LYFT app rides for the rest of the year?!?!
HAHA
Lyft Shares Rise After Q1 Results but Slides 5.25%Lyft ( NASDAQ:LYFT ), a ride-hailing company, reported mixed Q1 results, with quarterly losses of 8 cents per share, which missed the analyst consensus estimate of earnings of 3 cents per share. However, quarterly sales were $1.28 billion, beating the consensus estimate of $1.16 billion by 10.02%. This represents a 27.59% increase over the same period last year. Gross bookings for the first quarter were $3.7 billion, up 21% year-over-year.
CEO David Risher praised Lyft's strong start in 2024, stating that the company is executing well and bringing innovation to the market. Lyft saw second-quarter gross bookings of between $4 billion and $4.1 billion, adjusted EBITDA of between $95 million and $100 million, and an adjusted EBITDA margin of approximately 2.4%. The company remains on track to generate positive free cash flow for the full year.
LYFT Options Ahead of EarningsIf you haven`t sold LYFT on that disappointing earnings:
Than analyzing the options chain and the chart patterns of LYFT prior to the earnings report this week,
I would consider purchasing the 19.50usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $0.87.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
LYFT growth is inevitable from the current price point...LYFT based on weekly data has consolidated on the 10.0 price range quite a bit -- creating a strong order block support.
The prospect on this one on the upside potential is very high. Accumulation has started pouring in at the current price range.
Spotted at 10.0
Initial targets are 16 / 20
sl at 8.5
TAYOR.
LYFT Long 2x UPSIDE POTENTIALLYFT has made 4 consecutive higher lows.
First target at $21,90
Second target at is a gap fill at $30
HS but wait for a bounce offPerfect HS, I'll short it of the price bounces up and test the broken neck (blue line). I think next week will be green, I'll use it to short this. SL at 19.
LYFT rises on news of the MSP dispute potential resolution LONGLYFT was a recent idea upload. The news regarding MSP and the dispute resolution has helped
it rise off the ascending support trendline of the rising wedge pattern. The pattern may predict
decreasing volatility towards price consolidation and then a break out from the wedge.
In the meanwhile, I have added to my position since price is above the support trendline.
The PVT indicator shows a flip out on the pullback and I see this as a good add long entry. On a
low 1minute time frame. price gapped up with an engulfing candle with corresponding volume
at the opening bell today.
Importantly, a high volume spike also occurred in the after-market hours.
My recent previous idea long on LYFT is linked here.
The call option for $ 21.00 for April 19- 8DTE popped 140% today. I picked up a decent number of calls and will close them incrementally as they profit over the next week.
LTFT breaks out over lower VWAP bands LONGLYFT on a 15 minute chart hit a high pivot about 3/20 and then fell until April 4 where a low
pivot reversal occurred. VWAP lines and a volume profile serve to support a bullish bias.
LYFT will likely rise to the Fibonacci level on the chart confluent with the mean anchored VWAP
or the zone of 19.25. If there is enough momentum passing through that high volume, liquidity
and volatility zone it could continue and push into the 20 level. I will take a long trade here
also noting the TSLA news regarding RoboTaxi has potential relevance. It is not beyond the
realm of possibilities that a partnership between TSLA and LYFT and or UBER comes on the
scene. This would provide a further catalyst of fundamental support for LTST's market cap.
LYFT break to 27?Lyft is expected to achieve positive annual cash flow for the first time in 2024. Its competitor Uber reported positive annual cash flow for the first time in 2023, and Uber's value has doubled since then.
From the chart, it appears that Lyft's bottom is forming over a two-year period. On a daily level, it is also forming a bull flag. The target could reach 27.
LYFT Massive Bottoming Pattern and Bull FlagLYFT is forming an amazing bottoming pattern that's taken almost two years to shape up. Price is now sitting at the $18 pivot and consolidating in a beautiful bull flag since the power earnings gap a month ago. Now firmly above the 3 major EMAs and looking to fill that gap up to $30.
