SPOTIFY TECHNOLOGY SA (SPOT) Technical Analysis
NYSE:SPOT • LU1778762911
Current stock price
511.36 USD
+7.26 (+1.44%)
At close:
512.85 USD
+1.49 (+0.29%)
Pre-Market:
SPOT Technical Rating and Analysis
Overall SPOT gets a technical rating of 1 out of 10. SPOT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, SPOT is a bad performer in the overall market: 77% of all stocks are doing better.
- SPOT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- SPOT has an average volume of 2796200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- SPOT is an average performer in the Entertainment industry, it outperforms 50% of 79 stocks in the same industry.
- In the last month SPOT has a been trading in the 462.22 - 542.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
SPOT Weekly and Daily overview Charts
SPOT Setup Rating and Analysis
SPOT has a poor technical rating and the quality of the setup is also only medium 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
SPOT Support and Resistance Analysis
433.97
570.85
3 important support areas can be observed.
- A support zone ranging from 482.06 to 488.60. 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 463.28 to 472.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @438.35 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 522.76 to 525.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @545.37 from a trend line in the daily time frame.
- A resistance zone ranging from 565.20 to 565.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
SPOT Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for SPOT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SPOT is neutral. |
| ChartMill Relative Strength | 23.35 | NEGATIVE | SPOT has a low relative strength, it was outperformed by 76.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SPOT is above a declining 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) | DOWN | NEGATIVE | The current price of SPOT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.75 | NEUTRAL | The RSI value for SPOT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.98 | POSITIVE | The MACD value suggests SPOT has a positive trend. |
| Stochastics (14,3) | 75.41 | NEUTRAL | The Stochastics value for SPOT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.86 | MEDIUM VOLATILITY | The ATR as a percentage value for SPOT suggests some volalility. |
| Average Directional Index/ADX (14) | 11.99 | NEGATIVE | The low ADX value for SPOT suggests a weak or negative trend. |
SPOT Chart- and CandleStick Pattern Analysis
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)
SPOT Technicals: Chart, Performance Metrics, Trend & Indicators
511.36
+7.26 (+1.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg1.44%
1 Week5.83%
2 Weeks7.65%
1 Month-2.41%
3 Month1.36%
6 Month-23.85%
12 Month-10.95%
2 Year82.34%
3 Year282.75%
5 Year102.82%
10 YearN/A
15 YearN/A
Volatility
ATR(14)18.85
ATR(20)%3.86%
ATR Inc10.69%
Range Today12.21
ADR(20)19.2
ADR(20)%3.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.35
3 months CRS64.14
6 months CRS18.73
Mansfield-2.29
10 Day High517.77
10 Day Low462.22
20 Day High542
20 Day Low462.22
52 Week High785
52 Week Low405
CS1 End488.6
CR1 Start522.76
Volume & EV
DER(3)3.74%
DER(5)2.48%
Volume1.09M
Volume Incr-4.84%
Vol(5)1.51M
Vol(50)2.80M
SPOTIFY TECHNOLOGY SA / SPOT TA FAQ
What is the technical rating for SPOT stock?
ChartMill assigns a technical rating of 1 / 10 to SPOT.
Can you provide the trend direction for SPOTIFY TECHNOLOGY SA?
The current trend direction for SPOTIFY TECHNOLOGY SA (SPOT) is Bearish.
What is the RSI signal for SPOT stock?
SPOTIFY TECHNOLOGY SA (SPOT) has an RSI value of 56.7542. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SPOTIFY TECHNOLOGY SA?
The MACD indicator for SPOTIFY TECHNOLOGY SA (SPOT) has a value of 2.97958, indicating a bullish trend.
Can you provide the short term momentum for SPOTIFY TECHNOLOGY SA?
The short term momentum for SPOTIFY TECHNOLOGY SA (SPOT) is neutral.