Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $179.1700 (4.15%) ($170.7700 - $179.4200) on Mon. Jul. 17, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 1.99% (three month average) | RSI | 84 | Latest Price | $179.1700(4.15%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT advances 2.6% a day on average for past five trading days. | Weekly Trend | SPOT advances 3.8% 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(41%) VUG(41%) XLC(40%) SKYY(39%) ARKK(38%) | Factors Impacting SPOT price | SPOT will decline at least -0.995% in a week (0% probabilities). VXX(-45%) VIXM(-36%) USO(-19%) TBT(-17%) XLE(-14%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -0.995% (StdDev 1.99%) | Hourly BBV | 1.5 () | Intraday Trend | 4.3% | | | |
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5 Day Moving Average | $169.73(5.56%) | 10 Day Moving Average | $164.48(8.93%) | 20 Day Moving Average | $161.42(11%) | To recent high | 0% | To recent low | 36.3% | Market Cap | $34.042b | | | | 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. |