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.
The long and short term trends are both positive. This is looking good!
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 one of the better performing stocks in the Entertainment industry, it outperforms 92% of 72 stocks in the same industry.
SPOT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month SPOT has a been trading in the 602.00 - 717.87 range, which is quite wide. It is currently trading near the high of this range.
SPOT has an average volume of 2470410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although SPOT has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
531.37
697.28
4 important support areas can be observed.
- A support zone ranging from 660.75 to 661.90. 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 635.84 to 636.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 558.46 to 563.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @536.74 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SPOT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPOT is up. |
| ChartMill Relative Strength | 96.38 | POSITIVE | SPOT has a high relative strength, it outperformed 96.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPOT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPOT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SPOT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.68 | NEUTRAL | The RSI value for SPOT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.55 | POSITIVE | The MACD value suggests SPOT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.98 | OVERBOUGHT | The high Stochastics value suggests SPOT may be overbought. |
| Average True Range in percent/ATR (20) | 3.21 | MEDIUM VOLATILITY | The ATR as a percentage value for SPOT suggests some volalility. |
| Average Directional Index/ADX (14) | 18.04 | NEGATIVE | The low ADX value for SPOT suggests a weak or negative trend. |
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)
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 |
|---|---|---|---|
| 717.88 | 660.74 | 57.14 (7.96%) | 12.56% |
| An entry @717.88. This is a Buy Stop order right above the 10 day high. | An exit @660.74. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 57.14 points, which is 7.96%. | When investing 12.56% 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.
NYSE:SPOT (6/10/2025, 2:43:58 PM)
690.38
-8.73 (-1.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-1.25%
1 Week4.03%
2 Weeks6.93%
1 Month7.85%
3 Month21.63%
6 Month44.65%
12 Month123.34%
2 Year335.45%
3 Year645.08%
5 Year170.77%
10 YearN/A
15 YearN/A
Volatility
ATR(14)21.16
ATR(20)%3.21%
ATR Inc-27.12%
Range Today33.67
ADR(20)20.94
ADR(20)%3.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.38
Mansfield4.11
10 Day High717.87
10 Day Low634.26
20 Day High717.87
20 Day Low602
52 Week High717.87
52 Week Low288.07
CS1 End661.9
CR1 StartN/A
Volume & EV
DER(3)-1.68%
DER(5)-1.35%
Volume1.12M
Volume Incr-20.11%
Vol(5)1.62M
Vol(50)2.47M