Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $81.7400 (-3.17%) ($80.0200 - $84.5200) on Thu. Oct. 27, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.34% (three month average) | RSI | 44 | Latest Price | $81.7400(-3.17%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT declines -1.3% a day on average for past five trading days. | Weekly Trend | SPOT advances 2.9% a week on average for past two weeks. | Market Behavior | Growth stock sell-off for large cap. Normal for small cap. | Correlated ETFs | Broad market will support SPOT advance at 0% a week (0% probability) IVW(55%) IWF(55%) QQQ(55%) SPY(50%) FIVG(45%) | Factors Impacting SPOT price | SPOT will decline at least -1.67% in a week (0% probabilities). UNG(-10%) UUP(-4%) TBT(-4%) VIXM(-2%) USO(1%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.67% (StdDev 3.34%) | Hourly BBV | -1.1 () | Intraday Trend | -3% | | | |
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Resistance Level | $87.73 | 5 Day Moving Average | $89.31(-8.48%) | 10 Day Moving Average | $88.01(-7.12%) | 20 Day Moving Average | $87.73(-6.83%) | To recent high | -33.9% | To recent low | 0% | Market Cap | $15.531b | | | | 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. |