Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $231.6000 (-3.46%) ($228.1100 - $240.7900) on Mon. Nov. 2, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.76% (three month average) | RSI | 34 | Latest Price | $231.6000(-3.46%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT declines -3.9% a day on average for past five trading days. | Weekly Trend | SPOT declines -0.7% 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(64%) IBUY(63%) QQQ(62%) ARKK(61%) IWF(61%) | Factors Impacting SPOT price | SPOT will decline at least -1.38% in a week (0% probabilities). VIXM(-30%) UUP(-18%) VXX(-8%) TBT(-6%) IGOV(-5%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.38% (StdDev 2.76%) | Hourly BBV | -1.2 () | Intraday Trend | -3.5% | | | |
|
Inflection Point | Yes | Resistance Level | $262.02 | 5 Day Moving Average | $260.39(-11.06%) | 10 Day Moving Average | $266.87(-13.22%) | 20 Day Moving Average | $262.02(-11.61%) | To recent high | -20.6% | To recent low | 0.1% | Market Cap | $44.004b | | | | 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. |