Stock Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Spotify Tech SA (NYSE:SPOT)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 UP since Jan 6th, 2020 at 154.31
The intermediate term trend has been DOWN since Jan 17th, 2020 at 147.55
The short term trend has been DOWN since Jan 10th, 2020 at 155.01
Smart Scan Analysis for SPOT
Based on a pre-defined weighted trend formula for chart analysis, SPOT scored -60 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||161.38||52wk High Date||2019-08-01|
|52wk Low||110.57||52wk Low Date||2019-10-03|
|Average Volume||1,016,663||Shares Outstanding||180,856|