Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $114.1500 (-4.95%) ($113.7800 - $118.2800) on Wed. Aug. 17, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.94% (three month average) | RSI | 52 | Latest Price | $114.1500(-4.95%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT declines -1% a day on average for past five trading days. | Weekly Trend | SPOT advances 1.9% 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(61%) IVW(60%) QQQ(60%) SPY(56%) FIVG(53%) | Factors Impacting SPOT price | SPOT will decline at least -1.97% in a week (0% probabilities). UUP(-14%) VIXM(-11%) EDOC(-9%) TBT(-8%) UNG(-6%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.97% (StdDev 3.94%) | Hourly BBV | -1.5 () | Intraday Trend | -3.2% | | | |
|
Resistance Level | $117.07 | 5 Day Moving Average | $120.64(-5.38%) | 10 Day Moving Average | $119.94(-4.83%) | 20 Day Moving Average | $117.07(-2.49%) | To recent high | -7.7% | To recent low | 21.7% | Market Cap | $21.689b | | | | 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. |