Stock Trend Analysis Report
Prepared for you on Saturday, December 15, 2018.
Spotify Tech SA (NYSE:SPOT)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for SPOT
The long term trend has been DOWN since Oct 8th, 2018 at 162.03
The intermediate term trend has been UP since Dec 3rd, 2018 at 141.30
The short term trend has been DOWN since Dec 6th, 2018 at 134.13
Smart Scan Analysis for SPOT
Based on a pre-defined weighted trend formula for chart analysis, SPOT scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||198.99||Year High Date||2018-07-26|
|Year Low||120.49||Year Low Date||2018-11-20|
|52wk High||198.99||52wk High Date||2018-07-26|
|52wk Low||120.49||52wk Low Date||2018-11-20|