Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $193.7900 (-2.77%) ($193.5800 - $202.8800) on Wed. Dec. 6, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.43% (three month average) | RSI | 75 | Latest Price | $193.7900(-2.77%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT advances 1.2% a day on average for past five trading days. | Weekly Trend | SPOT advances 3.9% 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) TBT(33%) URA(29%) JETS(21%) XLV(20%) BLOK(19%) | Factors Impacting SPOT price | SPOT will decline at least -1.215% in a week (0% probabilities). GLD(-75%) CEMB(-41%) BWX(-41%) IGOV(-39%) ACES(-38%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.215% (StdDev 2.43%) | Hourly BBV | -1.2 () | Intraday Trend | -2.9% | | | |
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5 Day Moving Average | $190.56(1.7%) | 10 Day Moving Average | $186.68(3.81%) | 20 Day Moving Average | $180.68(7.26%) | To recent high | -2.8% | To recent low | 30.1% | Market Cap | $36.82b | | | | 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. |