September 17 Chart of the Day - 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.

Lyft (LYFT) surged more than 13% today, sparking excitement among traders who have watched the stock grind sideways for months.

But the real question now is whether this move is a legitimate breakout or just another fake out.

We'll review the chart from a price action perspective to identify potential levels of interest in both directions.

The charts highlight key levels where investors and traders alike will be watching closely.

Consistent profitable investing and/or trading requires a structured, rules-based approach to price action analysis. Proven processes, disciplined risk-reward management, and precise execution 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 will take a price action technical analysis approach to assess key levels and potential next price moves for this chart.

Since May 2023, we've showcased over 600+ Charts of the Day and provide a Free Quick Start Guide to traders with ambitious income goals for our patent-pending NeuroTrading Method™.

Monthly Chart 

On the monthly chart, price has fought a long battle with the downtrend line stretching back from its post-IPO highs.

Today’s surge lifted LYFT into the low $20s, challenging that resistance once again.

A sustained monthly close above $23 would be the first sign that buyers are finally regaining long-term control.

With plenty of volatility traders have had much to be happy with while investors seemingly have been disappointed.

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

On the weekly chart, the rally stands out more sharply. After bottoming near $7.85 last year, LYFT has carved out higher lows and now pressed firmly against the trendline.

A clean breakout could open the door toward $35–$42, but rejection here would signal just another fakeout, leaving price vulnerable to retreat back toward $15 or lower.

Bottom line: LYFT is at a crossroads. The next few sessions will reveal whether this is a true breakout that can sustain higher levels, or another false move destined to fade.

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.

So what's next? 

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