Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $94.4400 (-9.78%) ($93.5200 - $104.1900) on Mon. May. 9, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 4.21% (three month average) | RSI | 25 | Latest Price | $94.4400(-9.78%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT declines -2.7% a day on average for past five trading days. | Weekly Trend | SPOT declines -5.7% 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) IVW(66%) IWF(66%) QQQ(66%) IBUY(63%) IPO(62%) | Factors Impacting SPOT price | SPOT will decline at least -2.105% in a week (0% probabilities). VIXM(-24%) UUP(-16%) TBT(-5%) UNG(-2%) VXX(-0%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.105% (StdDev 4.21%) | Hourly BBV | -1.9 () | Intraday Trend | -7.2% | | | |
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Resistance Level | $115.78 | 5 Day Moving Average | $105.35(-10.36%) | 10 Day Moving Average | $104.66(-9.76%) | 20 Day Moving Average | $115.78(-18.43%) | To recent high | -46.2% | To recent low | 0% | Market Cap | $17.944b | | | | 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. |