Question 1

What implications does the 10-day RSI indicator have for SPOT?

Accepted Answer

The 10-day RSI Indicator for SPOT moved out of overbought territory on August 01, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 35 similar instances where the indicator moved out of overbought territory. In 18 of the 35 cases, the stock moved lower in the following days. This puts the odds of a move lower at 0%.

Question 2

What does the Stochastic Oscillator suggest about SPOT's trend?

Accepted Answer

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

Question 3

How did SPOT's Momentum indicator behave recently?

Accepted Answer

SPOT saw its Momentum Indicator move above the 0 level on August 16, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 79 similar instances where the indicator turned positive. In 69 of the 79 cases, the stock moved higher in the following days. The odds of a move higher are at 0%.

Question 4

What is the significance of the 10-day moving average indicator for SPOT?

Accepted Answer

The 10-day moving average for SPOT crossed bullishly above the 50-day moving average on July 29, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 7 of 10 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 0%.

Question 5

What does a 3-day price advance indicate for SPOT?

Accepted Answer

Following a +2.71% 3-day Advance, the price is estimated to grow further. Considering data from situations where SPOT advanced for three days, in 274 of 328 cases, the price rose further within the following month. The odds of a continued upward trend are 0%.

Question 6

What does a 3-day decline signify for SPOT's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPOT declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 0%.

SPOT Stock Spotify Technology SA (SPOT, $326.68) Moving Average Convergence Divergence (MACD) Histogram turned positive on June 4, 2024

Momentum Indicator for SPOT turns positive, indicating new upward trend

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