Trading Signals: SPOT Stock Price Prediction and Forecast

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Fri. Apr. 16, 2021

Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)

(Spotify Technology S.A.)
SPOT latest price $292.0200 (-2.58%) ($290.4000 - $299.7300) on Fri. Apr. 16, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.47% (three month average)
RSI   69
Latest Price   $292.0200(-2.58%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   SPOT advances 0.9% a day on average for past five trading days.
Weekly Trend   SPOT advances 5% a week on average for past two weeks.
Market Behavior   Value stock rally for large cap. Normal 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 -1.735% in a week (0% probabilities).
VIXM(-31%)    UUP(-17%)    VXX(-6%)    TBT(-5%)    IGOV(-3%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.735% (StdDev 3.47%)
Hourly BBV -0.1 ()
Intraday Trend -2.6%

5 Day Moving Average   $289.88(0.74%)
10 Day Moving Average   $284.93(2.49%)
20 Day Moving Average   $274.94(6.21%)
To recent high   -19.9%
To recent low   15.6%
Market Cap   $55.484b

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.

$. SPOT price fluctuates within 4.68% (three month std-dev: 3.47%) daily (68% of days).

Sample size 19 Average positive next day return: 2.02%(74%) Average negative next day return: -2.09%(26%) Sample size 19 Average positive next three day return: 5.38%(68%) Average negative next three day return: -2.58%(32%) Sample size 19 Average positive next weekly return: 7.14%(74%) Average negative next weekly return: -5.25%(26%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210516

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Apr_16_2021	310.85	274.94	284.93	289.88	291.94	295.52	292.02(-2.58%)	UD	OpenLong	75	0.2	94	110	85	120	0.78	51%	-0.06	22.9	3.47%	-0.1	1.3	69	1.8
2	Apr_15_2021	311.05	273.84	283.06	287.31	287.05	292.93	299.74(4.22%)	UT	HoldLong	65	1	117	140	111	134	1.22	48%	0.1	12.8	3.48%	1.7	2.1	76	1.8
3	Apr_14_2021	310.74	272.81	279.82	283.55	282.67	288.36	287.6(-1.88%)	UD	OpenLong	75	0.4	123	130	120	131	0.82	46%	0.06	10	3.54%	0.4	1.4	69	1.4
4	Apr_13_2021	310.55	272.52	276.95	282.06	280.83	281.18	293.12(5.85%)	UT	OpenLong	75	1	84	-0	77	106	1.15	46%	0.08	11.2	3.53%	2.2	1.9	64	1.7
5	Apr_12_2021	310.3	271.94	272.93	279.91	279.28	276.98	276.91(-0.82%)	N/A	N/A	0	-0.3	-39	-60	-63	32	0.62	43%	0.06	18.1	3.45%	-0.4	0.5	50	1.8

6	Apr_9_2021	310.12	272.02	271.42	279.19	280.91	280.47	279.2(-0.62%)	UD	OpenLong	65	0	5	10	-9	46	1.17	43%	0.1	18.2	3.43%	-0.4	0.7	54	1.5
7	Apr_8_2021	309.81	272.29	269.03	277.97	280.45	281.57	280.94(0.28%)	UT	OpenLong	75	0.3	34	50	29	47	0.68	46%	0.09	15.2	3.46%	-0.5	0.8	55	1.5
8	Apr_7_2021	309.52	271.72	266.74	275.37	278.15	281.34	280.15(-0.78%)	UD	OpenLong	75	0.5	57	110	64	37	0.69	49%	0.1	-4.4	3.57%	0.1	0.8	46	1.4
9	Apr_6_2021	309.2	271.33	265.28	270.88	274.97	279.34	282.34(3.31%)	UT	OpenLong	75	1.1	105	160	128	37	1.28	49%	0.12	-37.7	3.64%	1	1.1	46	1.2
10	Apr_5_2021	308.82	270.14	264.28	264.93	268.22	274.97	273.3(0.07%)	UT	OpenLong	75	0.8	81	210	107	2	0.95	49%	0.24	-79.3	3.61%	0.6	0.3	40	1.3

11	Apr_1_2021	308.09	270.18	263.97	262.53	263.26	270.6	273.1(1.92%)	UT	OpenLong	75	1	128	200	166	13	1.01	49%	0.04	-96.9	3.59%	0.8	0.3	45	1.3
12	Mar_31_2021	307.97	270.69	263.65	258.83	259.51	261.47	267.95(3.98%)	N/A	N/A	0	0.7	73	60	108	-32	1.19	49%	0.06	-98.5	3.61%	1.5	-0.2	38	1.2
13	Mar_30_2021	307.78	272.17	264.95	256.98	256.3	255.92	257.69(2.02%)	DP	OpenShort	-75	0	-58	-20	-46	-95	1.5	47%	-0.06	-86.7	3.57%	0.5	-0.9	45	1.2
14	Mar_29_2021	307.95	275.24	267.55	258.9	258.64	257.54	252.59(-3.34%)	DT	OpenShort	-75	-0.3	-40	-30	-28	-76	1.07	47%	-0.08	-77.5	3.56%	-1.1	-1.2	40	1
15	Mar_26_2021	308.2	278.58	270.86	263.48	262.24	256.68	261.31(2.62%)	DP	OpenShort	-75	-0.1	-81	-160	-84	-70	1.26	47%	0.02	-77.9	3.53%	-0.1	-0.9	55	1.4

16	Mar_25_2021	308.14	280.84	272.75	265.64	266.52	259.75	254.63(-1.57%)	DT	OpenShort	-75	-0.6	-140	-170	-156	-90	1.66	47%	0.05	-87.9	3.54%	-1.3	-1.4	43	1.1
17	Mar_24_2021	307.98	283.3	276.08	269.06	270.65	267.8	258.68(-3.22%)	DT	OpenShort	-75	-0.5	-95	-60	-107	-57	1.05	47%	0.07	-86.3	3.57%	-1.8	-1.2	40	1
18	Mar_23_2021	307.75	286.99	277.51	273.99	272.96	273.3	267.3(-2.97%)	DT	OpenShort	-75	-0.3	-29	-0	-30	-26	0.8	47%	0.12	-79.4	3.55%	-1.9	-0.9	37	1.1
19	Mar_22_2021	307.38	290.3	278.3	277.47	275.3	273.51	275.47(1.23%)	DP	OpenShort	-75	-0.1	-19	-70	-14	-35	0.61	47%	0.12	-70.8	3.55%	1	-0.6	33	1.9
20	Mar_19_2021	307.01	293.81	276.82	279.47	278	272.63	272.11(0.14%)	DP	OpenShort	-75	-0.3	-91	-150	-90	-93	1.32	47%	0.02	-59	3.54%	-0.4	-0.8	32	1.6

21	Mar_18_2021	306.96	298.2	277.18	281.02	280.86	277.08	271.73(-4.1%)	DT	OpenShort	-75	-0.3	-106	-100	-104	-111	1.47	47%	-0.01	-50.6	3.57%	-1.5	-0.9	39	1.2
22	Mar_17_2021	307	302.23	278.49	284.07	282.02	283.38	283.35(-0.47%)	DT	OpenShort	-75	-0	-30	10	-15	-76	0.84	49%	-0.01	-44.4	3.55%	0.5	-0.6	44	2.1
23	Mar_16_2021	307.04	305.67	279.9	281.44	282.34	284.64	284.69(-0.27%)	N/A	N/A	0	0.1	45	70	81	-64	0.89	49%	-0	-42.8	3.57%	0.6	-0.6	36	1.9
24	Mar_15_2021	307.05	309.02	283.22	279.22	279.82	280.67	285.46(1.99%)	N/A	N/A	0	0.2	5	30	38	-94	0.87	49%	0.01	-40.9	3.58%	1.2	-0.7	35	2.4
25	Mar_12_2021	307.03	311.72	286.41	273.79	277.73	280.03	279.89(-2.46%)	N/A	N/A	0	0.2	2	100	42	-120	0.96	46%		-41.9	3.63%	0.2	-1	31	1.8
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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