Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $167.2400 (-1.61%) ($165.5900 - $169.6950) on Mon. Nov. 6, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.42% (three month average) | RSI | 59 | Latest Price | $167.2400(-1.61%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT advances 0.6% a day on average for past five trading days. | Weekly Trend | SPOT advances 4.8% a week on average for past two weeks. | Market Behavior | Growth stock rally for large cap. Broad based sell-off for small cap. | Correlated ETFs | Broad market will support SPOT advance at 0% a week (0% probability) EWP(29%) URA(26%) JETS(24%) EWI(22%) SPLV(18%) | Factors Impacting SPOT price | SPOT will decline at least -1.21% in a week (0% probabilities). GLD(-57%) REMX(-30%) LIT(-30%) EDOC(-26%) SLV(-23%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.21% (StdDev 2.42%) | Hourly BBV | -1 () | Intraday Trend | -1.4% | | | |
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5 Day Moving Average | $167.38(-0.08%) | 10 Day Moving Average | $165.08(1.31%) | 20 Day Moving Average | $160.01(4.52%) | To recent high | -2% | To recent low | 27.1% | Market Cap | $31.776b | | | | 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. |