Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $133.5600 (-0.75%) ($131.6700 - $135.3800) on Wed. Apr. 19, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.47% (three month average) | RSI | 60 | Latest Price | $133.5600(-0.75%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT advances 0.4% a day on average for past five trading days. | Weekly Trend | SPOT advances 0.5% a week on average for past two weeks. | Market Behavior | Normal for large cap. Value stock rally for small cap. | Correlated ETFs | Broad market will support SPOT advance at 0% a week (0% probability) IWF(36%) VUG(36%) QQQ(35%) SKYY(35%) XLC(35%) | Factors Impacting SPOT price | SPOT will decline at least -1.235% in a week (0% probabilities). VXX(-38%) VIXM(-30%) TBT(-13%) XLE(-12%) USO(-12%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.235% (StdDev 2.47%) | Hourly BBV | 0.1 () | Intraday Trend | 0.5% | | | |
|
5 Day Moving Average | $134.32(-0.57%) | 10 Day Moving Average | $133.04(0.39%) | 20 Day Moving Average | $132.13(1.08%) | To recent high | -2.1% | To recent low | 42.7% | Market Cap | $25.376b | | | | 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. |