Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $86.8400 (-6.5%) ($85.9190 - $91.2200) on Thu. Sep. 29, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.48% (three month average) | RSI | 19 | Latest Price | $86.8400(-6.5%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT declines -1.2% a day on average for past five trading days. | Weekly Trend | SPOT declines -8.1% 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) IVW(58%) IWF(58%) QQQ(58%) SPY(53%) FIVG(50%) | Factors Impacting SPOT price | SPOT will decline at least -1.74% in a week (0% probabilities). UUP(-10%) UNG(-8%) TBT(-7%) VIXM(-6%) VXX(3%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.74% (StdDev 3.48%) | Hourly BBV | -1.5 () | Intraday Trend | -4.5% | | | |
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1 - 5 Day Possible Target | $78.03(-10.15%) | Resistance Level | $98.97 | 5 Day Moving Average | $89.54(-3.02%) | 10 Day Moving Average | $93.03(-6.65%) | 20 Day Moving Average | $98.97(-12.26%) | To recent high | -29.8% | To recent low | 0% | Market Cap | $16.5b | | | | 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. |