Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $83.5400 (2.4%) ($79.7500 - $84.2500) on Fri. Jan. 6, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.71% (three month average) | RSI | 80 | Latest Price | $83.5400(2.4%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT advances 1.1% a day on average for past five trading days. | Weekly Trend | SPOT advances 4.4% a week on average for past two weeks. | Market Behavior | Broad based rally for large cap. Broad based rally for small cap. | Correlated ETFs | Broad market will support SPOT advance at 0% a week (0% probability) IWF(44%) QQQ(42%) IVW(41%) IPO(40%) SPY(39%) | Factors Impacting SPOT price | SPOT will decline at least -1.855% in a week (0% probabilities). EDOC(-23%) UNG(-14%) XOP(-8%) XLE(-8%) VWO(-6%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.855% (StdDev 3.71%) | Hourly BBV | 1.7 () | Intraday Trend | 1.1% | | | |
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5 Day Moving Average | $81.46(2.55%) | 10 Day Moving Average | $79.64(4.9%) | 20 Day Moving Average | $78.35(6.62%) | To recent high | -13.9% | To recent low | 17.6% | Market Cap | $15.873b | | | | 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. |