SPOTIFY TECHNOLOGY SA (SPOT)
LU1778762911 - Common Stock
Overall SPOT gets a technical rating of 10 out of 10. Both in the recent history as in the last year, SPOT has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that SPOT is one of the better performing stocks in the market, outperforming 95% of all stocks. On top of that, SPOT also shows a nice and consistent pattern of rising prices.
SPOT is one of the better performing stocks in the Entertainment industry, it outperforms 94% of 76 stocks in the same industry.
SPOT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SPOT is lagging the market slightly.
SPOT has an average volume of 2198890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month SPOT has a been trading in the 267.76 - 319.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, SPOT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 292.59, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
191.96
313.42
4 important support areas can be observed.
- A support zone ranging from 286.48 to 292.59. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 272.23 to 272.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 254.88 to 258.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @193.90 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 310.32 to 310.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.83
Mansfield3.77
10 Day High303.3
10 Day Low280.37
20 Day High319.3
20 Day Low267.76
52 Week High319.3
52 Week Low129.23
Performance
1 Week1.53%
2 Weeks3.34%
1 Month-1.62%
3 Month24.04%
6 Month74.68%
12 Month109.54%
2 Year164.84%
3 Year23.63%
5 Year137.82%
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.13
RSI(14)57.33
LBB273.47
UBB308.2
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 310.33 | 286.47 | 23.86 (7.69%) | 13.01% |
| An entry @310.33. This is a Buy Stop order right above the resistance zone. | An exit @286.47. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 23.86 points, which is 7.69%. | When investing 13.01% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
SPOTIFY TECHNOLOGY SA
NYSE:SPOT (5/9/2024, 4:30:14 PM)
After market: 298.64 -0.02 (-0.01%)298.66
0.01 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg0%
1 Week1.53%
2 Weeks3.34%
1 Month-1.62%
3 Month24.04%
6 Month74.68%
12 Month109.54%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)13.17
ATR(20)%4.16%
ATR Inc
Range Today7.11
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High303.3
10 Day Low280.37
20 Day High319.3
20 Day Low267.76
52 Week High319.3
52 Week Low129.23
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume844.72K
Volume Incr-52.43%
Vol(5)1.44M
Vol(50)2.20M