Technical Analysis for SPOT - Spotify Technology S.A.

Grade Last Price % Change Price Change
D 292.02 -2.58% -7.72
SPOT closed down 2.58 percent on Friday, April 16, 2021, on 53 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.
Earnings due: Apr 27
*** please verify all earnings dates ***

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Up
Historical SPOT trend table...

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 0.00%
Stochastic Sell Signal Bearish 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
MACD Bullish Centerline Cross Bullish 0.00%
Upper Bollinger Band Walk Strength 0.00%
Inside Day Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Crossed Above 50 DMA Bullish -2.58%
Pocket Pivot Bullish Swing Setup -2.58%
Upper Bollinger Band Walk Strength -2.58%
Older End-of-Day Signals for SPOT ...

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Profile

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.
Classification

Sector: Technology
Industry: Internet Content & Information
Keywords: Software Operating Systems Microsoft Windows Ingles Streaming Services Songs Playlist

Is SPOT a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 387.44
52 Week Low 136.62
Average Volume 1,469,666
200-Day Moving Average 283.62
50-Day Moving Average 296.70
20-Day Moving Average 274.31
10-Day Moving Average 284.53
Average True Range 12.23
ADX 15.25
+DI 27.49
-DI 18.18
Chandelier Exit (Long, 3 ATRs ) 264.24
Chandelier Exit (Short, 3 ATRs ) 285.70
Upper Bollinger Band 300.04
Lower Bollinger Band 248.57
Percent B (%b) 0.84
BandWidth 18.76
MACD Line 0.45
MACD Signal Line -4.12
MACD Histogram 4.5668
Fundamentals Value
Market Cap 55.36 Billion
Num Shares 190 Million
EPS -7.63
Price-to-Earnings (P/E) Ratio -38.28
Price-to-Sales 6.44
Price-to-Book 20.15
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 306.03
Resistance 3 (R3) 307.05 303.39 303.70
Resistance 2 (R2) 303.39 299.83 302.89 302.92
Resistance 1 (R1) 297.71 297.62 295.88 296.69 302.14
Pivot Point 294.05 294.05 293.14 293.55 294.05
Support 1 (S1) 288.37 290.49 286.54 287.35 281.90
Support 2 (S2) 284.71 288.28 284.21 281.12
Support 3 (S3) 279.03 284.71 280.35
Support 4 (S4) 278.01