Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $267.9500 (3.98%) ($263.9000 - $271.8700) on Wed. Mar. 31, 2021. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.61% (three month average) | RSI | 38 | Latest Price | $267.9500(3.98%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT advances 0.7% a day on average for past five trading days. | Weekly Trend | SPOT declines -4.5% a week on average for past two weeks. | Market Behavior | Rotation from value to growth for large cap. Growth stock rally for small cap. | Correlated ETFs | Broad market will support SPOT advance at 0% a week (0% probability) IBUY(65%) IPO(65%) QQQ(64%) IWF(63%) IVW(62%) | Factors Impacting SPOT price | SPOT will decline at least -1.805% in a week (0% probabilities). VIXM(-31%) UUP(-17%) IGOV(-9%) VXX(-6%) TBT(-5%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.805% (StdDev 3.61%) | Hourly BBV | 1.5 () | Intraday Trend | 0.6% | | | |
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1 - 5 Day Possible Target | $251.18(-6.26%) | Resistance Level | $270.69 | 5 Day Moving Average | $258.83(3.52%) | 10 Day Moving Average | $263.65(1.63%) | 20 Day Moving Average | $270.69(-1.01%) | To recent high | -26.5% | To recent low | 6.1% | Market Cap | $50.911b | | | | 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. |