Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $116.5000 (5.91%) ($109.4100 - $117.2500) on Thu. Jun. 2, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 4.59% (three month average) | RSI | 71 | Latest Price | $116.5000(5.91%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT advances 1.4% a day on average for past five trading days. | Weekly Trend | SPOT advances 4.5% 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) IVW(65%) IWF(65%) QQQ(65%) IBUY(61%) SPY(60%) | Factors Impacting SPOT price | SPOT will decline at least -2.295% in a week (0% probabilities). VIXM(-20%) UUP(-17%) TBT(-7%) UNG(-4%) VXX(0%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.295% (StdDev 4.59%) | Hourly BBV | 1.5 () | Intraday Trend | 1.1% | | | |
|
5 Day Moving Average | $112.17(3.86%) | 10 Day Moving Average | $109.7(6.2%) | 20 Day Moving Average | $105.53(10.4%) | To recent high | -26.7% | To recent low | 26.7% | Market Cap | $22.135b | | | | 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. |