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(SPOT) Spotify Technology complete technical analysis [charts+indicators] | Buy/Sell Spotify Technology | (SPOT) share price targets

Complete technical analysis of Spotify Technology (SPOT) by charts plus indicators, forecast predictions and share price targets for Spotify Technology (SPOT)

Spotify Technology trades in USA in Consumer Services sector.

10 day averaged volume of Spotify Technology is 1216942

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 302.82 299.95 302.87 298.12 0.731 times
16 Thu May 2024 298.12 302.54 304.92 297.88 0.871 times
15 Wed May 2024 303.04 298.85 303.07 295.39 1.462 times
14 Tue May 2024 290.12 287.72 291.54 286.21 0.754 times
13 Mon May 2024 289.71 294.65 295.41 287.17 0.739 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 300.8, but if it comes below 300.8, then a intra day sell could be more profitable.
If you take a sell trade below 300.8, then use 300.8 as stoploss and 292.51 as target. However if you take a buy trade in stock , then use 300.8 as stoploss and 310.7 as target.

Share price targets for Spotify Technology (SPOT)

Target Type Value
Downside Target 185.37
Downside Target 216.68
Downside Target 224.00
Downside Target 249.58
Downside Target 257.36
Downside Target 267.76
Downside Target 278.30
Downside Target 293.08
Upside Target 303.66
Upside Target 304.59
Upside Target 304.92
Upside Target 319.30

Intraday share price targets for Spotify Technology (SPOT)

Target Type Value
Downside Intraday Target 291.05
Downside Intraday Target 279.27
Upside Intraday Target 309.76
Upside Intraday Target 316.69
Downside Intraday Target 297.98

Weekly technical analysis of Spotify Technology (SPOT)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 302.82 294.65 304.92 286.21 0.837 times
10 Fri May 2024 294.60 298.00 303.66 293.08 0.837 times
03 Fri May 2024 296.07 289.01 298.82 280.37 0.252 times
26 Fri Apr 2024 289.59 280.97 319.30 267.76 2.786 times
19 Fri Apr 2024 275.83 302.72 304.59 270.45 1.354 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Spotify Technology (SPOT)

Date Monthly Closing Price Open High Low Volume
17 Fri May 2024 302.82 280.66 304.92 280.66 0.248 times
30 Tue Apr 2024 280.44 262.97 319.30 260.80 2.295 times
28 Thu Mar 2024 263.90 256.15 278.30 249.58 0.617 times
29 Thu Feb 2024 256.41 217.25 257.36 216.68 1.365 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Spotify Technology (SPOT)

Indicator Name Indicator Value Indicator Signal
ADX 29, 18, 24 Buy
MACD 11, 11Buy
Stochastics 83Buy
CCI 93Buy
RSI 52Buy
OBV 4891470Sell
VWAP 298Buy
ADL 0Sell
ROC 2Buy
Force Index 0Sell

Price action analysis of Spotify Technology ( (SPOT) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Spotify Technology ( (SPOT) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Spotify Technology ( (SPOT) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Spotify Technology ( (SPOT) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Spotify Technology stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Spotify Technology in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Spotify Technology Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Spotify Technology in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Spotify Technology is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 297.96 and Spotify Technology (SPOT) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Spotify Technology (SPOT) stock. Volume based technical analysis of Spotify Technology (SPOT) stock is negative.

Spotify Technology Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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