Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $116.0300 (6.03%) ($110.0000 - $119.0000) on Wed. Jun. 8, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 4.58% (three month average) | RSI | 64 | Latest Price | $116.0300(6.03%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT advances 1.1% a day on average for past five trading days. | Weekly Trend | SPOT advances 3.2% 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(65%) IWF(65%) QQQ(65%) IBUY(61%) SPY(60%) | Factors Impacting SPOT price | SPOT will decline at least -2.29% in a week (0% probabilities). VIXM(-20%) UUP(-17%) TBT(-8%) UNG(-5%) VXX(1%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.29% (StdDev 4.58%) | Hourly BBV | 1.4 () | Intraday Trend | 5.4% | | | |
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5 Day Moving Average | $113.05(2.64%) | 10 Day Moving Average | $111.91(3.68%) | 20 Day Moving Average | $107.8(7.63%) | To recent high | -27% | To recent low | 26.2% | Market Cap | $22.046b | | | | 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. |