Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $154.3100 (5.33%) ($148.6500 - $156.0000) on Tue. Feb. 4, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 1.58% (three month average) | RSI | 56 | Latest Price | $154.3100(5.33%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT advances 1.4% a day on average for past five trading days. | Weekly Trend | SPOT declines -1.6% 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) IPO(62%) IBUY(61%) ARKK(60%) ONLN(58%) QQQ(58%) | Factors Impacting SPOT price | SPOT will decline at least -0.79% in a week (0% probabilities). VIXM(-30%) VXX(-12%) UUP(-11%) IGOV(-5%) UNG(-2%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -0.79% (StdDev 1.58%) | Hourly BBV | 0 () | Intraday Trend | 3.5% | | | |
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1 - 5 Day Possible Target | $140.74(-8.79%) | 5 Day Moving Average | $145.28(6.22%) | 10 Day Moving Average | $145.88(5.78%) | 20 Day Moving Average | $149.21(3.42%) | To recent high | -2.8% | To recent low | 12.7% | Market Cap | $29.319b | | | | 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. |