Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $320.3400 (-6.12%) ($319.5200 - $341.6680) on Mon. Dec. 14, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.65% (three month average) | RSI | 73 | Latest Price | $320.3400(-6.12%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT declines -1.3% a day on average for past five trading days. | Weekly Trend | SPOT advances 9.5% a week on average for past two weeks. | Market Behavior | Value stocks sell-off for large cap. Rotation from value to growth for small cap. | Correlated ETFs | Broad market will support SPOT advance at 0% a week (0% probability) IPO(65%) IBUY(64%) IWF(63%) QQQ(63%) ARKK(62%) | Factors Impacting SPOT price | SPOT will decline at least -1.825% in a week (0% probabilities). VIXM(-31%) UUP(-18%) VXX(-8%) TBT(-6%) IGOV(-5%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.825% (StdDev 3.65%) | Hourly BBV | -1.9 () | Intraday Trend | -5.9% | | | |
|
Inflection Point | Yes | 5 Day Moving Average | $334.03(-4.1%) | 10 Day Moving Average | $326.11(-1.77%) | 20 Day Moving Average | $296.66(7.98%) | To recent high | -6.7% | To recent low | 38.5% | Market Cap | $60.865b | | | | 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. |