Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $83.7100 (6.72%) ($78.1100 - $83.7800) on Fri. Nov. 11, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.71% (three month average) | RSI | 38 | Latest Price | $83.7100(6.72%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT advances 3.4% a day on average for past five trading days. | Weekly Trend | SPOT declines -6.9% a week on average for past two weeks. | Market Behavior | Growth 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(55%) IVW(53%) QQQ(53%) SPY(50%) IBUY(48%) | Factors Impacting SPOT price | SPOT will decline at least -1.855% in a week (0% probabilities). UNG(-11%) TBT(-7%) UUP(-6%) VIXM(-3%) VXX(4%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.855% (StdDev 3.71%) | Hourly BBV | 1.4 () | Intraday Trend | 5.2% | | | |
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5 Day Moving Average | $76.05(10.07%) | 10 Day Moving Average | $75.88(10.32%) | 20 Day Moving Average | $81.64(2.54%) | To recent high | -32.3% | To recent low | 17.8% | Market Cap | $15.905b | | | | 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. |