Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $139.7800 (-3.69%) ($134.0000 - $145.6700) on Mon. Mar. 9, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.18% (three month average) | RSI | 45 | Latest Price | $139.7800(-3.69%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT advances 0.1% a day on average for past five trading days. | Weekly Trend | SPOT declines -0.8% 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(61%) ARKK(60%) QQQ(58%) SKYY(58%) | Factors Impacting SPOT price | SPOT will decline at least -1.09% in a week (0% probabilities). VIXM(-30%) VXX(-11%) UUP(-11%) UNG(-2%) TBT(-1%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.09% (StdDev 2.18%) | Hourly BBV | 0 () | Intraday Trend | 2.1% | | | |
|
Resistance Level | $142.88 | 5 Day Moving Average | $142.88(-2.17%) | 10 Day Moving Average | $140.88(-0.78%) | 20 Day Moving Average | $142.88(-2.17%) | To recent high | -12% | To recent low | 3.9% | Market Cap | $26.558b | | | | 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. |