Technical Analysis for SPOT - Spotify Technology S.A.
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| B | 302.82 | 1.58% | 4.70 |
SPOT closed up 1.58 percent on Friday, May 17, 2024, on 42 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| MACD Bullish Signal Line Cross | Bullish | 0.00% | |
| 180 Bullish Setup | Bullish Swing Setup | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| Stochastic Reached Overbought | Strength | 0.00% | |
| Multiple of Ten Bullish | Other | 0.00% | |
| Inside Day | Range Contraction | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Multiple of Ten Bearish | Other | 1.58% | |
| Crossed Above 20 DMA | Bullish | -0.07% |
| Alert | Time |
|---|---|
| Possible NR7 | 2 days ago |
| Possible Inside Day | 2 days ago |
| Up 1% | 2 days ago |
| Down 1% | 3 days ago |
| 60 Minute Opening Range Breakdown | 3 days ago |
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- Earnings date: 04/23/2024
Spotify Technology SA a Luxembourg-based company, which offers digital music-streaming services. The Company enables users to discover new releases, which includes the latest singles and albums; playlists, which includes ready-made playlists put together by music fans and experts, and over millions of songs so that users can play their favorites, discover new tracks and build a personalized collection. Users can either select Spotify Free, which includes only shuffle play or Spotify Premium, which encompasses a range of features, such as shuffle play, advertisement free, unlimited skips, listen offline, play any track and high quality audio. The Company operates through a number of subsidiaries, including Spotify LTD and is present in over 20 countries.
Sector: Technology
Industry: Internet Content & Information
Keywords: Software Operating System Streaming Services Playlist
Classification
Sector: Technology
Industry: Internet Content & Information
Keywords: Software Operating System Streaming Services Playlist
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 319.3 |
| 52 Week Low | 129.23 |
| Average Volume | 2,117,310 |
| 200-Day Moving Average | 208.16 |
| 50-Day Moving Average | 282.57 |
| 20-Day Moving Average | 292.51 |
| 10-Day Moving Average | 297.33 |
| Average True Range | 9.72 |
| RSI (14) | 58.16 |
| ADX | 16.17 |
| +DI | 28.42 |
| -DI | 19.07 |
| Chandelier Exit (Long, 3 ATRs) | 290.15 |
| Chandelier Exit (Short, 3 ATRs) | 296.91 |
| Upper Bollinger Bands | 309.00 |
| Lower Bollinger Band | 276.01 |
| Percent B (%b) | 0.81 |
| BandWidth | 11.28 |
| MACD Line | 4.43 |
| MACD Signal Line | 4.38 |
| MACD Histogram | 0.0489 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 309.95 | ||||
| Resistance 3 (R3) | 309.17 | 306.02 | 308.76 | ||
| Resistance 2 (R2) | 306.02 | 304.21 | 306.41 | 308.36 | |
| Resistance 1 (R1) | 304.42 | 303.08 | 305.22 | 305.20 | 307.97 |
| Pivot Point | 301.27 | 301.27 | 301.67 | 301.66 | 301.27 |
| Support 1 (S1) | 299.67 | 299.46 | 300.47 | 300.45 | 297.67 |
| Support 2 (S2) | 296.52 | 298.33 | 296.91 | 297.28 | |
| Support 3 (S3) | 294.92 | 296.52 | 296.88 | ||
| Support 4 (S4) | 295.70 |
