Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $123.9300 (-2.41%) ($123.6000 - $131.3260) on Thu. Mar. 9, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.9% (three month average) | RSI | 45 | Latest Price | $123.9300(-2.41%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT advances 0.9% a day on average for past five trading days. | Weekly Trend | SPOT advances 1.8% 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(40%) VUG(40%) QQQ(39%) XLC(38%) IPO(37%) | Factors Impacting SPOT price | SPOT will decline at least -1.45% in a week (0% probabilities). VIXM(-29%) UUP(-9%) TBT(-9%) USO(-8%) GLD(-8%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.45% (StdDev 2.9%) | Hourly BBV | -1.5 () | Intraday Trend | -2.4% | | | |
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5 Day Moving Average | $125.47(-1.23%) | 10 Day Moving Average | $121.57(1.94%) | 20 Day Moving Average | $122.3(1.33%) | To recent high | -3.4% | To recent low | 71.3% | Market Cap | $23.547b | | | | 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. |