Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $180.6300 (-2.3%) ($180.1100 - $185.5300) on Fri. Sep. 14, 2018. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.29% (three month average) | RSI | 33 | Latest Price | $180.6300(-2.3%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT advances 0.3% a day on average for past five trading days. | Weekly Trend | SPOT declines -2.3% a week on average for past two weeks. | Market Behavior | Normal for large cap. Broad based rally for small cap. | Correlated ETFs | Broad market will support SPOT advance at 0% a week (0% probability) IBUY(60%) ARKK(59%) QQQ(58%) ONLN(57%) SKYY(57%) | Factors Impacting SPOT price | SPOT will decline at least -1.145% in a week (0% probabilities). VXX(-12%) UUP(-10%) VIXM(-8%) TLT(-3%) GDXJ(-2%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.145% (StdDev 2.29%) | Hourly BBV | 0 () | Intraday Trend | -2.4% | | | |
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Resistance Level | $186.2 | 5 Day Moving Average | $182.89(-1.24%) | 10 Day Moving Average | $182.18(-0.85%) | 20 Day Moving Average | $186.2(-2.99%) | To recent high | -8% | To recent low | 7.7% | Market Cap | $34.32b | | | | 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. |