SPOTIFY TECHNOLOGY SA (SPOT) Stock Technical Analysis
NYSE:SPOT - New York Stock Exchange, Inc. - LU1778762911 - Common Stock - Currency: USD
Taking everything into account, SPOT scores 10 out of 10 in our technical rating. 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 96% of all stocks. We also observe that the gains produced by SPOT over the past year are nicely spread over this period.
SPOT is part of the Entertainment industry. There are 71 other stocks in this industry. SPOT outperforms 91% of them.
SPOT is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SPOT is leading the market.
In the last month SPOT has a been trading in the 540.10 - 669.00 range, which is quite wide. It is currently trading near the high of this range.
SPOT has an average volume of 2666790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SPOT has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 658.62. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 645.98, a Stop Loss order could be placed below this zone.
More info and screens
484.35
671.28
When analyzing the support we can see 5 important areas.
- A support zone ranging from 645.44 to 645.98. 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 620.06 to 628.96. 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 542.16 to 545.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @526.71 from a trend line in the weekly time frame.
- Support @489.24 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 658.62 to 664.63. 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
CRS96.65
Mansfield4.03
10 Day High669
10 Day Low602
20 Day High669
20 Day Low540.1
52 Week High669
52 Week Low288.07
Performance
1 Week6.22%
2 Weeks4.07%
1 Month11.56%
3 Month8.43%
6 Month38.64%
12 Month113.72%
2 Year342.32%
3 Year484.03%
5 Year264.01%
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)1.52
RSI(14)60.72
LBB606.53
UBB675.07
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 |
|---|---|---|---|
| 664.64 | 645.43 | 19.21 (2.89%) | 25.00% |
| An entry @664.64. This is a Buy Stop order right above the resistance zone. | An exit @645.43. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 19.21 points, which is 2.89%. | For a 0.72% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SPOT. Please evaluate whether better entry and exit points can be found.
- 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.
658.61
-6.01 (-0.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-0.9%
1 Week6.22%
2 Weeks4.07%
1 Month11.56%
3 Month8.43%
6 Month38.64%
12 Month113.72%
2 Year342.32%
3 Year484.03%
5 Year264.01%
10 YearN/A
15 YearN/A
Volatility
ATR(14)24.18
ATR(20)%4.17%
ATR Inc-37.81%
Range Today12.77
ADR(20)25.3
ADR(20)%3.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.65
Mansfield4.03
10 Day High669
10 Day Low602
20 Day High669
20 Day Low540.1
52 Week High669
52 Week Low288.07
CS1 End645.98
CR1 Start658.62
Volume & EV
DER(3)0.73%
DER(5)1.87%
Volume1.39M
Volume Incr-34.12%
Vol(5)1.87M
Vol(50)2.67M