Stock Trend Analysis Report
Prepared for you on Thursday, March 21, 2019.
Spotify Tech SA (NYSE:SPOT)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 UP since Feb 14th, 2019 at 147.27
The intermediate term trend has been UP since Jan 10th, 2019 at 124.95
The short term trend has been DOWN since Mar 14th, 2019 at 140.15
Smart Scan Analysis for SPOT
Based on a pre-defined weighted trend formula for chart analysis, SPOT scored +85 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||103.29||52wk Low Date||2018-12-24|
|Average Volume||2,055,811||Shares Outstanding||180,856|