Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $99.3300 (-2.04%) ($98.7300 - $102.4600) on Wed. Jun. 22, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 4.58% (three month average) | RSI | 43 | Latest Price | $99.3300(-2.04%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT advances 0.3% a day on average for past five trading days. | Weekly Trend | SPOT declines -5.1% a week on average for past two weeks. | Market Behavior | Normal for large cap. Value stock sell-off for small cap. | Correlated ETFs | Broad market will support SPOT advance at 0% a week (0% probability) QQQ(65%) IVW(64%) IWF(64%) IBUY(59%) SPY(59%) | Factors Impacting SPOT price | SPOT will decline at least -2.29% in a week (0% probabilities). VIXM(-18%) UUP(-16%) TBT(-8%) UNG(-3%) 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 | -0.8 () | Intraday Trend | -0.4% | | | |
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1 - 5 Day Possible Target | $90.47(-8.92%) | Resistance Level | $106.55 | 5 Day Moving Average | $100.64(-1.3%) | 10 Day Moving Average | $102.75(-3.33%) | 20 Day Moving Average | $106.55(-6.78%) | To recent high | -37.5% | To recent low | 8% | Market Cap | $18.873b | | | | 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. |