Here’s Why Lyft, Inc. (NASDAQ:LYFT) Dropped -0.9%

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For its latest trading sesion, Lyft, Inc. (NASDAQ:LYFT) dropped by -0.9% – here is what that looked like (as of 2020-01-06):

What is the cause of all this?? To grasp this action better, it is helpful to analyze some technical indicators. The most interesting and telling are these ones:

A Money Flow Index (MFI) of 50.613, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.021, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 1.328, an Accumulation/Distribution Index (ADI) of 1.328, an On-Balance Volume (OBV) of 196.905, and a Chaiikin Money Flow (CMF) of 43.58. 3.42

So what do these technical indicators mean? Let’s see. According to Trading View, this is what it all means:

So when putting all the technical indicators together, this is what you get. And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.