Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $139.3800 (0.5%) ($135.3400 - $139.6650) on Mon. Aug. 14, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.82% (three month average) | RSI | 51 | Latest Price | $139.3800(0.5%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT declines -0.4% a day on average for past five trading days. | Weekly Trend | SPOT declines -2.9% a week on average for past two weeks. | Market Behavior | Growth stock rally for large cap. Value stock sell-off for small cap. | Correlated ETFs | Broad market will support SPOT advance at 0% a week (0% probability) IWF(48%) VUG(48%) SKYY(47%) QQQ(45%) XLC(44%) | Factors Impacting SPOT price | SPOT will decline at least -1.41% in a week (0% probabilities). VXX(-52%) VIXM(-45%) GLD(-24%) USO(-22%) XLE(-15%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.41% (StdDev 2.82%) | Hourly BBV | 2 () | Intraday Trend | 1.5% | | | |
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1 - 5 Day Possible Target | $127.43(-8.57%) | Resistance Level | $150.26 | 5 Day Moving Average | $138.39(0.72%) | 10 Day Moving Average | $141.84(-1.73%) | 20 Day Moving Average | $150.26(-7.24%) | To recent high | -22.5% | To recent low | 2.2% | Market Cap | $26.482b | | | | 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. |