Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $274.2000 (-0.69%) ($257.1800 - $284.1100) on Mon. Nov. 9, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.03% (three month average) | RSI | 56 | Latest Price | $274.2000(-0.69%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT advances 3.4% a day on average for past five trading days. | Weekly Trend | SPOT declines -3.2% a week on average for past two weeks. | Market Behavior | Rotation from growth to value 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 -1.515% in a week (0% probabilities). VIXM(-30%) UUP(-18%) VXX(-8%) TBT(-5%) EDOC(-5%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.515% (StdDev 3.03%) | Hourly BBV | 1.4 () | Intraday Trend | 6.3% | | | |
|
Inflection Point | Yes | 5 Day Moving Average | $256.5(6.9%) | 10 Day Moving Average | $258.26(6.17%) | 20 Day Moving Average | $263.14(4.2%) | To recent high | -6% | To recent low | 18.6% | Market Cap | $52.098b | | | | 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. |