Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $167.8300 (-4.36%) ($167.0100 - $177.6000) on Thu. Feb. 10, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 4.05% (three month average) | RSI | 42 | Latest Price | $167.8300(-4.36%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT advances 1% a day on average for past five trading days. | Weekly Trend | SPOT declines -3.6% a week on average for past two weeks. | Market Behavior | Broad based 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(67%) QQQ(67%) IPO(66%) IVW(66%) IWF(66%) | Factors Impacting SPOT price | SPOT will decline at least -2.025% in a week (0% probabilities). VIXM(-31%) UUP(-17%) TBT(-6%) VXX(-4%) UNG(-4%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.025% (StdDev 4.05%) | Hourly BBV | -0.3 () | Intraday Trend | -1.1% | | | |
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Resistance Level | $187.57 | 5 Day Moving Average | $171.04(-1.88%) | 10 Day Moving Average | $177.5(-5.45%) | 20 Day Moving Average | $187.57(-10.52%) | To recent high | -40.2% | To recent low | 5.1% | Market Cap | $31.888b | | | | 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. |