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 9 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month SPOT has a been trading in the 693.48 - 785.00 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
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. 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 72 other stocks in this industry. SPOT outperforms 92% of them.
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 1789940 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. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 717.84, a Stop Loss order could be placed below this zone.
More info and screens
547.93
735.33
3 important support areas can be observed.
- A support zone ranging from 586.42 to 593.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @564.46 from a trend line in the daily time frame.
- Support @553.46 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 705.54 to 728.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for SPOT is neutral. |
| ChartMill Relative Strength | 95.5 | POSITIVE | SPOT has a high relative strength, it outperformed 95.5% 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) | 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) | 52.63 | NEUTRAL | The RSI value for SPOT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -5.39 | NEGATIVE | The MACD value suggests SPOT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.55 | OVERSOLD | The low Stochastics value suggests SPOT may be oversold. |
| Average True Range in percent/ATR (20) | 3.54 | MEDIUM VOLATILITY | The ATR as a percentage value for SPOT suggests some volalility. |
| Average Directional Index/ADX (14) | 11.92 | 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 |
|---|---|---|---|
| 717.85 | 705.53 | 12.32 (1.72%) | 25.00% |
| An entry @717.85. This is a Buy Stop order right above the 10 day moving average. | An exit @705.53. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 12.32 points, which is 1.72%. | For a 0.43% 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.
NYSE:SPOT (7/18/2025, 10:02:06 AM)
697.52
-23.39 (-3.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-3.24%
1 Week1.54%
2 Weeks1.61%
1 Month-0.05%
3 Month25.54%
6 Month48.48%
12 Month144.3%
2 Year382.51%
3 Year537.86%
5 Year179.62%
10 YearN/A
15 YearN/A
Volatility
ATR(14)25.2
ATR(20)%3.54%
ATR Inc-14.35%
Range Today21.57
ADR(20)25.19
ADR(20)%3.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.5
Mansfield2.96
10 Day High743.99
10 Day Low693.48
20 Day High785
20 Day Low693.48
52 Week High785
52 Week Low290.13
CS1 End717.84
CR1 StartN/A
Volume & EV
DER(3)0.55%
DER(5)1.61%
Volume303.91K
Volume Incr-12.39%
Vol(5)1.47M
Vol(50)1.79M