Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $228.8000 (0.11%) ($221.1500 - $233.7300) on Fri. Dec. 3, 2021. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.47% (three month average) | RSI | 16 | Latest Price | $228.8000(0.11%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT declines -1.9% a day on average for past five trading days. | Weekly Trend | SPOT declines -7.5% a week on average for past two weeks. | Market Behavior | Growth stock 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) IBUY(68%) IPO(68%) QQQ(67%) IWF(66%) IVW(65%) | Factors Impacting SPOT price | SPOT will decline at least -1.235% in a week (0% probabilities). VIXM(-33%) UUP(-17%) VXX(-5%) TBT(-5%) UNG(-3%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.235% (StdDev 2.47%) | Hourly BBV | -1 () | Intraday Trend | -0.5% | | | |
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Resistance Level | $258.07 | 5 Day Moving Average | $233.51(-2.02%) | 10 Day Moving Average | $241.28(-5.17%) | 20 Day Moving Average | $258.07(-11.34%) | To recent high | -24% | To recent low | 3.8% | Market Cap | $43.472b | | | | 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. |