Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $99.0000 (-6.84%) ($98.6100 - $106.3500) on Tue. Jun. 28, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 4.69% (three month average) | RSI | 43 | Latest Price | $99.0000(-6.84%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT declines -0.5% a day on average for past five trading days. | Weekly Trend | SPOT declines -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) QQQ(64%) IVW(63%) IWF(63%) IBUY(58%) SPY(58%) | Factors Impacting SPOT price | SPOT will decline at least -2.345% in a week (0% probabilities). UUP(-16%) VIXM(-14%) TBT(-6%) UNG(-4%) VXX(2%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.345% (StdDev 4.69%) | Hourly BBV | -2 () | Intraday Trend | -6.8% | | | |
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Resistance Level | $105.55 | 5 Day Moving Average | $102.76(-3.66%) | 10 Day Moving Average | $101.65(-2.61%) | 20 Day Moving Average | $105.55(-6.21%) | To recent high | -37.7% | To recent low | 7.7% | Market Cap | $18.81b | | | | 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. |