Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $231.8900 (-0.43%) ($230.4400 - $236.5800) on Mon. Oct. 11, 2021. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.22% (three month average) | RSI | 44 | Latest Price | $231.8900(-0.43%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT advances 0.9% a day on average for past five trading days. | Weekly Trend | SPOT declines -0.4% a week on average for past two weeks. | Market Behavior | Broad based sell-off for large cap. Broad based 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%) IVW(65%) IWF(65%) | Factors Impacting SPOT price | SPOT will decline at least -1.11% in a week (0% probabilities). VIXM(-33%) UUP(-17%) VXX(-6%) TBT(-5%) UNG(-3%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.11% (StdDev 2.22%) | Hourly BBV | -1 () | Intraday Trend | -0.8% | | | |
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Resistance Level | $233.35 | 5 Day Moving Average | $231.5(0.17%) | 10 Day Moving Average | $228.38(1.54%) | 20 Day Moving Average | $233.35(-0.63%) | To recent high | -12.1% | To recent low | 13.1% | Market Cap | $44.059b | | | | 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. |