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Takip Edin: @UscMarketsSPOT Stock Forecast & Spotify Technology S.A. Chart Analysis
This article provides a detailed analysis of SPOT-Spotify Technology S.A. stock including a forecast for SPOT shares. It features Spotify Technology S.A. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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SPOT Historical Data Review
SPOT Current Price Performance Analysis
The Spotify Technology S.A. - SPOT stock traded on the American stock market, on 06-05-2024, closed at 324.75$ with a %-0.59 decreased compared to the previous day.
In the last month, the price of SPOT changed by %8.44 increased in value, from 299.48 dollars on 05-06-2024 to 324.75 dollars, increased.
Last year, the price of SPOT was 153.03 dollars on 06-06-2023, and changed by %112.21 increased in value, to 324.75 dollars increased within a year.
The price of Spotify Technology S.A. stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.
SPOT with AI Stock Forecast & Price Target
On the SPOT chart Spotify Technology S.A. price was recorded as 324.75 Dollars on 06/05/2024.
The artificial intelligence's forecast on SPOT stock is as follows.
The artificial intelligence's prediction error margin for SPOT stock is high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Spotify Technology S.A. stock over the next 4 months is: 429.6 Dollars.
The commentary on SPOT stock Target Price: Highest: 538.35 Dollars is predicted.
The commentary on SPOT stock Target Price: Lowest: 316.431 Dollars is predicted.
Resistance Price where Spotify Technology S.A. stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 11-12-2024 | 538.350 |
| 02-20-2025 | 415.852 |
Support Price where Spotify Technology S.A. stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 06-25-2024 | 316.431 |
| 01-31-2025 | 395.932 |
| 03-17-2025 | 384.424 |
The commentary on SPOT stock: The target price can generally be said to be on the rise.
The commentary on SPOT stock: Fluctuations in the target price can be expected in the coming days.
The target price for Spotify Technology S.A. stock by the end of 2024 is predicted to be 463.988 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on SPOT stock, and the 2024 target price predictions for Spotify Technology S.A. are detailed above.
The technical analysis and charts for the commentary on SPOT stock are below.
SPOT Support & Resistance and Trend Analysis
SPOT stock you have reviewed the technical analysis support resistance charts regarding.
SPOT : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the SPOT review, the Spotify Technology S.A. support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Spotify Technology S.A. Support and Resistance Prices:
| SPOT Support Level Price | SPOT Resistance Level Price |
|---|---|
| 185.37 | 202.88 |
| 249.58 | 204.03 |
| 267.76 | 272.44 |
| 286.20 | 312.69 |
| 292.21 | 313.16 |
| 319.30 | |
| 331.08 |
SPOT Technical Analysis: SMA, RSI, MACD
Upon reviewing the SPOT chart, buy and sell signals have been generated in the Spotify Technology S.A. technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for SPOT stock are as follows:- The technical analysis for SPOT indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for Spotify Technology S.A. issued a 'Buy' signal when the MACD was at 4.786, with the current MACD value being: 7.157
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Spotify Technology S.A. stock: Click here to read more predictions on Compass Group PLC stock.
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