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Stock Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Spotify Technology S.A. Ordinary Shares (NYSE:SPOT)

Bull Market Weakness (+75) - SPOT is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SPOT as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid SPOT?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPOT.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYSE_SPOT
Open High Low SPOT Price Change
259.560 268.545 258.000 263.890 +3.690
Entry Signal

MarketClub’s Trade Triangles for SPOT

long term up The long-term trend has been UP since Nov 9th, 2023 at 173.450

intermediate term up The intermediate-term trend has been UP since Jan 8th, 2024 at 195.715

short term down The short-term trend has been DOWN since Mar 27th, 2024 at 258.890

Smart Scan Analysis for SPOT

Based on our trend formula, SPOT is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for SPOT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
259.560 268.545 258.000 263.890 +3.690
Prev. Close Volume Bid Ask Time
263.900 1140716 2024-03-28 15:59:58
Year High198.99Year High Date2018-07-26
Year Low120.49Year Low Date2018-11-20
52wk High278.352wk High Date2024-03-26
52wk Low128.5752wk Low Date2023-03-29
Average Volume1,487,088Shares Outstanding190,213
Market Cap23,725MAssets834,600,000M
Liabilities582,300,000MP/E Ratio-62.91980000
Volatility53.98
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