Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $142.6100 (-0.69%) ($138.1500 - $145.3900) on Tue. Nov. 6, 2018. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.54% (three month average) | RSI | 37 | Latest Price | $142.6100(-0.69%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT advances 0.1% a day on average for past five trading days. | Weekly Trend | SPOT declines -3% a week on average for past two weeks. | Market Behavior | Broad based rally for large cap. Broad based rally for small cap. | Correlated ETFs | Broad market will support SPOT advance at 0% a week (0% probability) ARKK(59%) IBUY(59%) ONLN(57%) QQQ(57%) SKYY(57%) | Factors Impacting SPOT price | SPOT will decline at least -1.27% in a week (0% probabilities). VXX(-12%) UUP(-10%) VIXM(-7%) TLT(-3%) XHB(-2%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.27% (StdDev 2.54%) | Hourly BBV | 0 () | Intraday Trend | -0.1% | | | |
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1 - 5 Day Possible Target | $135.61(-4.91%) | Resistance Level | $148.95 | 5 Day Moving Average | $143.21(-0.42%) | 10 Day Moving Average | $143.8(-0.83%) | 20 Day Moving Average | $148.95(-4.26%) | To recent high | -26.8% | To recent low | 2.6% | Market Cap | $27.096b | | | | 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. |