Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $125.5800 (-1.59%) ($124.8100 - $127.2700) on Fri. May. 31, 2019. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.15% (three month average) | RSI | 32 | Latest Price | $125.5800(-1.59%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT advances 0.6% a day on average for past five trading days. | Weekly Trend | SPOT declines -3.6% a week on average for past two weeks. | Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. | Correlated ETFs | Broad market will support SPOT advance at 0% a week (0% probability) IPO(62%) IBUY(60%) ARKK(59%) ONLN(57%) QQQ(57%) | Factors Impacting SPOT price | SPOT will decline at least -1.075% in a week (0% probabilities). VXX(-12%) UUP(-10%) VIXM(-4%) TLT(-2%) IFRA(-2%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.075% (StdDev 2.15%) | Hourly BBV | 0 () | Intraday Trend | 0.1% | | | |
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1 - 5 Day Possible Target | $119.72(-4.67%) | Resistance Level | $131.25 | 5 Day Moving Average | $125.57(0.01%) | 10 Day Moving Average | $127.16(-1.24%) | 20 Day Moving Average | $131.25(-4.32%) | To recent high | -14.2% | To recent low | 3.3% | Market Cap | $23.86b | | | | 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. |