Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $221.9100 (-3.24%) ($218.6600 - $230.0000) on Mon. Oct. 4, 2021. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.23% (three month average) | RSI | 32 | Latest Price | $221.9100(-3.24%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT declines -1% a day on average for past five trading days. | Weekly Trend | SPOT declines -4.1% a week on average for past two weeks. | Market Behavior | Broad based sell-off for large cap. Growth stock sell-off for small cap. | Correlated ETFs | Broad market will support SPOT advance at 0% a week (0% probability) IBUY(68%) IPO(67%) QQQ(66%) IWF(65%) IVW(64%) | Factors Impacting SPOT price | SPOT will decline at least -1.115% in a week (0% probabilities). VIXM(-33%) UUP(-17%) VXX(-6%) TBT(-5%) UNG(-2%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.115% (StdDev 2.23%) | Hourly BBV | -1.1 () | Intraday Trend | -3% | | | |
|
Resistance Level | $237.57 | 5 Day Moving Average | $224.85(-1.31%) | 10 Day Moving Average | $229.21(-3.18%) | 20 Day Moving Average | $237.57(-6.59%) | To recent high | -15.9% | To recent low | 8.2% | Market Cap | $42.163b | | | | 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. |