Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $158.8400 (3.34%) ($153.8200 - $160.0600) on Mon. Apr. 4, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 4.53% (three month average) | RSI | 80 | Latest Price | $158.8400(3.34%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT advances 1.1% a day on average for past five trading days. | Weekly Trend | SPOT advances 6.5% a week on average for past two weeks. | Market Behavior | Growth stock rally for large cap. Growth stock rally for small cap. | Correlated ETFs | Broad market will support SPOT advance at 0% a week (0% probability) IVW(65%) IWF(65%) QQQ(65%) IBUY(64%) IPO(63%) | Factors Impacting SPOT price | SPOT will decline at least -2.265% in a week (0% probabilities). VIXM(-26%) UUP(-16%) TBT(-6%) UNG(-5%) EDOC(-3%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.265% (StdDev 4.53%) | Hourly BBV | 1.6 () | Intraday Trend | 2.5% | | | |
|
5 Day Moving Average | $155.41(2.21%) | 10 Day Moving Average | $152.05(4.47%) | 20 Day Moving Average | $142.86(11.19%) | To recent high | -33.6% | To recent low | 33% | Market Cap | $30.18b | | | | 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. |