Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $76.5200 (-1.52%) ($73.9300 - $76.9200) on Tue. Dec. 27, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.9% (three month average) | RSI | 55 | Latest Price | $76.5200(-1.52%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT advances 0.9% a day on average for past five trading days. | Market Behavior | Growth stock sell-off for large cap. Growth stock sell-off for small cap. | Correlated ETFs | Broad market will support SPOT advance at 0% a week (0% probability) IWF(44%) QQQ(42%) IVW(40%) SPY(39%) IPO(38%) | Factors Impacting SPOT price | SPOT will decline at least -1.95% in a week (0% probabilities). EDOC(-22%) UNG(-13%) XOP(-7%) XLE(-7%) VWO(-6%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.95% (StdDev 3.9%) | Hourly BBV | -0.3 () | Intraday Trend | -0.2% | | | |
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Resistance Level | $77.26 | 5 Day Moving Average | $77.24(-0.93%) | 10 Day Moving Average | $76.67(-0.2%) | 20 Day Moving Average | $77.26(-0.96%) | To recent high | -21.2% | To recent low | 7.7% | Market Cap | $14.539b | | | | 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. |