LYFT Strong Reversal with Follow ThroughLast week LYFT broke out in the weekly time frame. Follow through this week with R/R still favorable.
LYFT trade ideas
$LYFT Ready for an Upside Breakout?$LYFT looks like its ready to breakout for possible 20-30 % upside trade.Sitting right at Huge Resistance in the $49-$50 area...
$LYFT Set for Lift Off?LYFT
LYFT Inc (NASDAQ:LYFT) traded higher after signing strategic partnership with Juno, which is shutting down its ride-share operation in NYC. Gett, the global leader in corporate on-demand transportation, just announced the closure of its New York rideshare business, Juno, effective today, which can work as a boon for Lyft because Gett also announced a strategic partnership with Lyft to enable its corporate clients to access rides in the United States beginning next year.
As a corporate transportation leader, Gett serves over 15,000 companies, including a third of the Fortune 500. Through the Lyft partnership, Gett's corporate customers traveling in the United States will be able to request rides through the Gett app and be matched with a driver on the Lyft network. This partnership will allow Gett to expand its reach across the United States, seamlessly serving its business clients on the Lyft network, all through Gett's SaaS platform for business travelers.
Juno is shutting down in New York today as a result of both Gett's increased focus on the corporate transportation sector and the enactment of misguided regulations in New York City earlier this year. All Juno riders will be invited to join Lyft.
Read more at dailytrendingstocks.com
$LYFT Short targeting 33-32 current 43.23 BearishForming bullish pattern to be entered at 33.8-32.8 targeting higher than 48 on long term but for now its showing sign of decline targeting new lows above 32 then bounce from there .. Stoploss for this scenario is to break up 45.5 with close then its will turn to short-term bullish
LYFT UpdatedI admit when I'm wrong, in this case my previous chart was rushed to completion without averaging the trend-lines, my apologies.
All lines and connections have been averaged on the 'weekly' and 'daily' with step-line over log. When a stock is young, it is common to start measuring once the b-bands start forming. In this case I disregarded any performance prior to the end of April. The stock has an overall healthy-looking performance throughout. It will now push-off the 50MA as it overshot the upper b-band line (towards the 20MA). from those levels the stock can be re-labeled neutral-to-bullish.
$LYFT looks to profitability sooner than expected.CEO Logan Green earnings call opening statement.
Good afternoon, everyone and thank you for joining our call today. Q3 marks the third quarter in a row of outstanding performance since becoming a publicly traded company. Revenue grew 63% year over year. Active Riders grew 28%. Revenue per Active Rider grew 27%. Contribution margin was at a record high over 50%. Our top line momentum and our success with strategic initiatives in our core operations led to a 32 percentage point improvement and adjusted EBITDA margin year over year.
Our third quarter results demonstrated the significant progress Lyft has made on our path to profitability. Record revenue was generated by strong growth in both Active Riders and Revenue per Active Rider as we continue to increase engagement through product innovation and execution. Our continued focus on consumer transportation is yielding meaningful improvements in monetization and strong operating leverage. As a result of the continued strength of our execution, we are updating our outlook for 2019. Importantly, we now expect to be profitable on an Adjusted EBITDA basis in the fourth quarter of 2021.
Break above $49 with $56 possible target zone.
Short interest 8.88%
Average analysts recommendation Overweight | $69 price target.
LYFT before EarningsThis stock is an obvious short at this point. Can't expect good news on earnings release, but beware shorting this stock for one good reason. At these levels the company is an obvious buyout target, which would catapult it towards $50-65 at once. Unusual high volume spikes throughout the years can be detected (with little stock movement), which could indicate 3rd-party interest. But regardless of that, technically the stock is poised to touch down at the lower channel trend line. I like the company, but I don't like their stock.
(analysis posted per request)
LYFTLooks great buy here, better confirmed with Fisher Transform soon about to cross with divergence
Lyft offers Reversal opportunity. ===Long entry above $50 with $56 as possible price target===
RSI bullish.
Volume increasing.
Bullish MA crossing.
Lyft getting the upper hand over UBER in the investor community.
LYFTLYFT’s innovation outlook is neutral based on a current score of 67 out of 99, outperforming sector average. Insiders sentiment is neutral. Over the past 2 quarters LYFT failed to beat earnings estimates. For more analysis and articles visit our website .
$LYFT Breakout! Falling Wedge & Triangle See Chart :) Read callouts for details. Please Like, Comment, and Follow to show you support!
Coiled and Ready to Squeeze - Contrarian Trade I've posted quite a few short trade opportunities lately, but this one is a bullish setup.
With any new post-IPO there can be opportunity to take advantage of wild swings in the first couple months of trading. LYFT (like UBER) went straight into the doghouse with wider than expected losses for the newly minted stock. It's trading ~50% lower than it's all time high (first day of trading). Sometimes with no good news on the horizon, stocks can just drift lower with no catalyst. Eventually, price starts to look appealing and there's divergence in the downward momentum. LYFT looks like a good candidate here to ride it up 20% into the 50s. Daily PSar would confirm breakout, however RSI is already breaking out and MACD is beautifully diverging about to cross. According to WSJ, the stock is shorted at ~14% of the public float and could make a decent short squeeze.
Let's see if LYFT can get some...LIFT!
ARE THE NEW ECONOMY STOCKS FAILING? Hello my friends, there are some of the stock of of the new sharing economy that have lauched their IPO-s this year that are falling into the abyss. The question is why are they going downward ? is the sharing economy overvalued ?
The companies are financially good,and are dominating major sectors of the future economy. so why are they falling ? Well i think the big guys want to buy at a good level so in a way or the other the price for this stocks is going down. So we have to wait and enter when we have a confirmation that the big guys will enter long as well.
Feel free to comment, put a like and/or follow.
Best Regard from Z.
$LYFT inches to price discovery to the downside Probably gonna follow $UBER. A bounce here would be a good sign though. Lyft has been beating earnings expectations.
