Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $108.5600 (-0.69%) ($106.8700 - $110.7000) on Mon. Aug. 29, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.88% (three month average) | RSI | 42 | Latest Price | $108.5600(-0.69%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT declines -0.2% a day on average for past five trading days. | Weekly Trend | SPOT declines -4.7% a week on average for past two weeks. | Market Behavior | Growth stock 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(60%) IWF(60%) QQQ(60%) SPY(56%) FIVG(53%) | Factors Impacting SPOT price | SPOT will decline at least -1.94% in a week (0% probabilities). EDOC(-14%) UUP(-13%) VIXM(-10%) TBT(-8%) UNG(-6%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.94% (StdDev 3.88%) | Hourly BBV | -1 () | Intraday Trend | 1% | | | |
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1 - 5 Day Possible Target | $102.59(-5.5%) | Resistance Level | $115.81 | 5 Day Moving Average | $109.9(-1.22%) | 10 Day Moving Average | $111.75(-2.85%) | 20 Day Moving Average | $115.81(-6.26%) | To recent high | -12.2% | To recent low | 15.7% | Market Cap | $20.626b | | | | 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. |