SPOTIFY TECHNOLOGY SA (SPOT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SPOT - LU1778762911 - Common Stock
Overall SPOT gets a technical rating of 0 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 technical rating of SPOT is bad and it also does not present a quality setup 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
533.98
We can see 3 important resistance areas.
- A resistance zone ranging from 572.54 to 601.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 684.68 to 691.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @720.91 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for SPOT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SPOT is down. |
| ChartMill Relative Strength | 28.56 | NEGATIVE | SPOT has a low relative strength, it was outperformed by 71.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SPOT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SPOT is below a declining 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) | 33.18 | NEUTRAL | The RSI value for SPOT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.89 | NEGATIVE | The MACD value suggests SPOT has a negative trend. |
| Stochastics (14,3) | 11.61 | OVERSOLD | The low Stochastics value suggests SPOT may be oversold. |
| Average True Range in percent/ATR (20) | 3.07 | MEDIUM VOLATILITY | The ATR as a percentage value for SPOT suggests some volalility. |
| Average Directional Index/ADX (14) | 12.83 | NEGATIVE | The low ADX value for SPOT suggests a weak or negative trend. |
539.37
-14.31 (-2.58%)
SPOTIFY TECHNOLOGY SA / SPOT FAQ
What is the technical rating for SPOT stock?
ChartMill assigns a technical rating of 0 / 10 to SPOT.
What is the trend direction for SPOT stock?
The current trend direction for SPOTIFY TECHNOLOGY SA (SPOT) is Bearish.
Can you provide the RSI signal for SPOTIFY TECHNOLOGY SA?
SPOTIFY TECHNOLOGY SA (SPOT) has an RSI value of 33.1791. This indicates that the stock is currently neutral.
What is the short term momentum for SPOTIFY TECHNOLOGY SA (SPOT) stock?
The short term momentum for SPOTIFY TECHNOLOGY SA (SPOT) is negative.
What is the buy/sell signal for SPOTIFY TECHNOLOGY SA (SPOT) stock?
The buy/sell signal for SPOTIFY TECHNOLOGY SA (SPOT) is sell as both the short term and long term trends are negative.