Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $116.3000 (-0.46%) ($116.2180 - $119.3900) on Tue. Feb. 28, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.98% (three month average) | RSI | 36 | Latest Price | $116.3000(-0.46%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT declines -0.7% a day on average for past five trading days. | Weekly Trend | SPOT declines -2.5% a week on average for past two weeks. | Market Behavior | Growth stock sell-off for large cap. Normal for small cap. | Correlated ETFs | Broad market will support SPOT advance at 0% a week (0% probability) IWF(41%) VUG(41%) QQQ(40%) XLC(40%) IVW(39%) | Factors Impacting SPOT price | SPOT will decline at least -1.49% in a week (0% probabilities). VIXM(-30%) EDOC(-16%) TBT(-11%) UUP(-10%) USO(-8%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.49% (StdDev 2.98%) | Hourly BBV | 0.2 () | Intraday Trend | -0.2% | | | |
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Resistance Level | $121.46 | 5 Day Moving Average | $117.84(-1.31%) | 10 Day Moving Average | $121.23(-4.07%) | 20 Day Moving Average | $121.46(-4.25%) | To recent high | -9.3% | To recent low | 60.7% | Market Cap | $22.097b | | | | 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. |