Chart of the Day for Week of February 9 - Lyft

Highly precise price action technical analysis offers the strongest trading edges and the most opportunities across the markets, making it the foundation of our reviews.

Many traders are asking the same question about Lyft right now.

Is a bottom finally in?

After years of decline from its $88.60 IPO high and a prolonged period of base-building near single digits, price has shown signs of stabilization. But hope is not a strategy. This is where traders must read the chart, not their heart.

The structure will answer the question. Emotion will not.

Since May 2023, ChartPros has published 700+ Chart of the Day posts designed to help traders learn how to read price with clarity and confidence. As markets evolve, so should the way we study them.

Starting in January 2026, Chart of the Day transitioned to a weekly format. Each featured chart now includes deeper analysis, clearer structure, and more strategic context.

Fewer charts. More focus.

Consistent profitable investing and trading requires a structured, rules-based approach to price action analysis. Proven processes, disciplined risk-reward management, and a performance oriented execution environment create the foundation for long-term success.

When combined with powerful mental performance strategies, this method becomes the ultimate blueprint for thriving in any market, on any time frame.

As requested, this analysis takes a pure price action technical analysis approach to assess key levels and potential next price moves.

The 5-Step Charting Process in the NeuroTrading Method®

The 5-Step Charting Process in the NeuroTrading Method® is a structured approach to reading price action with clarity and confidence. This process is designed to eliminate guesswork, reduce noise, and support disciplined execution.

1. Identify Support and Resistance (S/R)
Key levels are marked on the Monthly and Weekly charts, working left to right to establish long-term market structure.

2. Assess Trend Structure
Trend direction is evaluated across time frames to determine whether price is trending, transitioning, or consolidating.

3. Apply Fibonacci Anchoring
Only Fibonacci levels visible on the chart are used, with anchors placed precisely to highlight reaction zones and extensions.

4. Map Change Control Zones and Supply/Demand
Areas where control shifts between buyers and sellers are identified to define decision points.

5. Develop the Trade Plan
Directional bias, levels of interest, risk parameters, and execution criteria are defined before any trade decision is considered.

Stop Overthinking Your Trades.  Trade Inside a Performance Environment Built for Consistent Execution.  

Watch Free Market Insights Briefing: The Execution Gap Most Traders Rarely Fix

Monthly Chart Insights and Analysis 

The monthly chart tells the long-term story clearly.

Lyft peaked near $88.60 and has been in structural decline ever since. Multiple rallies have failed beneath major Fibonacci retracement levels, confirming that sellers have controlled the long-term trend.

After bottoming near $7.85, price began forming a gradual base with higher lows developing off that extreme low. That shift is constructive, but not yet decisive.

There is one major level that matters on the monthly chart.

The $21 to $23 zone has repeatedly acted as resistance and supply. Every meaningful rally has stalled there. Until that area is reclaimed and held, long-term control remains unresolved.

If price cannot build higher lows above the $8 to $10 region, the risk of revisiting the lows increases significantly. The base only matters if it holds.

With plenty of volatility traders have had much to be happy with but long term buy and hold investors have been on a roller coaster ride lately.

This kind of movement highlights why a cautious and well-informed approach is essential when evaluating a stock’s short to mid term outlook.

Weekly Chart Insights and Analysis 

The weekly chart is where execution becomes critical.

Lyft recently rallied toward the $23 area and was sharply rejected. That rejection confirms that sellers are still defending overhead supply aggressively.

Price has now pulled back toward the $12 to $14 support zone, which has acted as an intermediate decision area over the past year.

This is where traders typically make mistakes.

Some will anticipate a bounce and enter early. Others will wait for confirmation but chase strength too late. Both behaviors are emotional responses to uncertainty.

The chart defines the structure:

• Support: $11 to $14 region

• Major resistance: $21 to $23

• Breakdown risk: Loss of $11 opens the door toward the long-term trendline and potentially retesting the $8 to $9 area

Until price proves it can reclaim resistance, this remains a range-bound stock attempting to repair long-term damage.

Execution-focused traders wait. They let price reclaim levels, confirm control, and remove emotion from the decision entirely.

As always, patience matters more than prediction.

It goes without saying though, the only guarantee in the markets is that price cycles.  It cycles up and it cycles down across all time frames and all charts and rarely, if ever, moves in a straight line.

Only time will tell for sure what price will do next...

We’ve combined Fibonacci levels with key support/resistance zones and trend analysis to pinpoint potential price levels of interest and future targets.

With precision-focused charts like these, both traders and investors can confidently build and execute their strategies.

The Execution Environment Lesson

Lyft does not require prediction.

It requires discipline.

If a bottom is in, price will confirm it by reclaiming resistance and holding higher lows. If it is not, breakdown levels will trigger and the chart will resolve lower.

Most traders lose money not because they misread the chart, but because they act before the chart confirms their thesis.

This is exactly why a rules-based execution environment matters.

Preparation defines levels.
Rules define action.
Discipline replaces hope.

Read the chart. Not your heart.

Key Takeaway

This weekly Chart of the Day format reflects how successful traders actually operate in a Performance Execution Environment. They do not need more charts. They need better structure, better preparation, and clearer decision frameworks.

Chart of the Day is not going away.
It is leveling up.

So what's next? 

Because You Were Interested in today's FREE Chart of the Day...

You may also be interested in this Free Market Insights Briefing designed for independent traders who already understand price action but want consistent decision-making, discipline, and follow-through under real market conditions.

"The Execution Gap Most Traders Rarely Fix"

A ChartPros Briefing on why strategy isn’t the problem and how the right trading environment changes performance. 

 

Watch Free Market Insights Briefing

Designed specifically for independent traders committed to consistent execution.