Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $138.6000 (1.01%) ($137.2000 - $141.4100) on Mon. Feb. 4, 2019. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.98% (three month average) | RSI | 74 | Latest Price | $138.6000(1.01%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT advances 0.8% a day on average for past five trading days. | Weekly Trend | SPOT advances 1.6% a week on average for past two weeks. | Market Behavior | Broad based rally for large cap. Broad based rally for small cap. | Correlated ETFs | Broad market will support SPOT advance at 0% a week (0% probability) IPO(61%) IBUY(60%) ARKK(59%) QQQ(57%) ONLN(56%) | Factors Impacting SPOT price | SPOT will decline at least -1.49% in a week (0% probabilities). VXX(-11%) UUP(-11%) VIXM(-5%) XHB(-4%) TLT(-2%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.49% (StdDev 2.98%) | Hourly BBV | 0 () | Intraday Trend | 0.6% | | | |
|
5 Day Moving Average | $136.04(1.88%) | 10 Day Moving Average | $134.67(2.92%) | 20 Day Moving Average | $130.78(5.98%) | To recent high | -4.9% | To recent low | 29.7% | Market Cap | $26.334b | | | | Spotify Technology SA is a digital music service offering music fans instant access to a world of music. The company operates through the following segments: Premium and Ad-Supported. The Premium segment provides subscribers with unlimited online and offline high-quality streaming access of music and podcasts on computers, tablets, and mobile devices, users can connect through speakers, receivers, televisions, cars, game consoles, and smart watches. It also offers a music listening experience without commercial breaks. The Ad-Supported segment provides users with limited on-demand online access of music and unlimited online access of podcasts on their computers, tablets, and compatible mobile devices. It also serves both premium subscriber acquisition channel and a robust option for users who are unable or unwilling to pay a monthly subscription fee but still want to enjoy access to a wide variety of high-quality audio content. The company was founded by Daniel Ek and Martin Lorentzon in April, 2006 and is headquartered in Luxembourg. |