Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $228.6800 (3.8%) ($223.5150 - $231.1900) on Thu. May. 20, 2021. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.67% (three month average) | RSI | 28 | Latest Price | $228.6800(3.8%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT advances 1.1% a day on average for past five trading days. | Weekly Trend | SPOT declines -4.1% a week on average for past two weeks. | Market Behavior | Broad based rally for large cap. Growth stock rally for small cap. | Correlated ETFs | Broad market will support SPOT advance at 0% a week (0% probability) IBUY(66%) IPO(66%) IWF(64%) QQQ(64%) IVW(63%) | Factors Impacting SPOT price | SPOT will decline at least -1.835% in a week (0% probabilities). VIXM(-31%) UUP(-17%) VXX(-6%) TBT(-4%) UNG(-2%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.835% (StdDev 3.67%) | Hourly BBV | 1 () | Intraday Trend | 1.4% | | | |
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1 - 5 Day Possible Target | $214.36(-6.26%) | Resistance Level | $241.94 | 5 Day Moving Average | $223.38(2.37%) | 10 Day Moving Average | $225.31(1.5%) | 20 Day Moving Average | $241.94(-5.48%) | To recent high | -34.6% | To recent low | 5.3% | Market Cap | $43.449b | | | | 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. |