Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $153.7000 (1.77%) ($152.0000 - $156.2900) on Fri. Apr. 1, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 4.52% (three month average) | RSI | 81 | Latest Price | $153.7000(1.77%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT advances 1% a day on average for past five trading days. | Weekly Trend | SPOT advances 7.5% a week on average for past two weeks. | Market Behavior | Value stock rally for large cap. Broad based rally for small cap. | Correlated ETFs | Broad market will support SPOT advance at 0% a week (0% probability) IWF(65%) QQQ(65%) IBUY(64%) IVW(64%) IPO(63%) | Factors Impacting SPOT price | SPOT will decline at least -2.26% in a week (0% probabilities). VIXM(-26%) UUP(-16%) EDOC(-8%) TBT(-6%) UNG(-5%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.26% (StdDev 4.52%) | Hourly BBV | -1.2 () | Intraday Trend | 0.8% | | | |
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5 Day Moving Average | $153.66(0.03%) | 10 Day Moving Average | $150.24(2.3%) | 20 Day Moving Average | $141.41(8.69%) | To recent high | -37% | To recent low | 28.7% | Market Cap | $29.203b | | | | 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. |