Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $105.5900 (-6.18%) ($104.3400 - $110.8400) on Thu. May. 5, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 4.11% (three month average) | RSI | 31 | Latest Price | $105.5900(-6.18%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT advances 0.5% a day on average for past five trading days. | Weekly Trend | SPOT declines -8.3% 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) IWF(65%) QQQ(65%) IVW(64%) IBUY(62%) IPO(61%) | Factors Impacting SPOT price | SPOT will decline at least -2.055% in a week (0% probabilities). VIXM(-24%) UUP(-17%) TBT(-5%) UNG(-4%) VXX(-1%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.055% (StdDev 4.11%) | Hourly BBV | -1.2 () | Intraday Trend | -4.4% | | | |
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Resistance Level | $119.92 | 5 Day Moving Average | $107.63(-1.9%) | 10 Day Moving Average | $107.02(-1.34%) | 20 Day Moving Average | $119.92(-11.95%) | To recent high | -39.8% | To recent low | 9.2% | Market Cap | $20.062b | | | | 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. |