SPOTD trade ideas
Spotify (SPOT) Shares Rise by Nearly 7%Spotify (SPOT) Shares Rise by Nearly 7%
According to the stock chart of music streaming giant Spotify (SPOT), the share price:
→ Increased by almost 7% by the end of trading on Friday.
→ Has surged approximately 28% since the start of 2025—one of the strongest performances in the stock market.
→ Has nearly doubled over the past 12 months.
Why Is Spotify (SPOT) Stock Rising?
As we noted late last year, investors have responded enthusiastically to the launch of the “Premium” plan, which offers higher-quality, ad-free music streaming and is expected to boost the company’s revenue.
Additionally, on Friday, Spotify announced that it had paid out around $10 billion in royalties to artists during 2024. By comparison, in 2014, this figure was “just” $1 billion.
Technical Analysis of Spotify (SPOT) Stock
Drawing a parallel with musical notes on a staff, the price action appears to be playing a "bullish melody," rising while interacting with a structure of four ascending lines that alternate between support (one of many examples marked with an arrow) and resistance.
In March, the price tested support at Line Two, which was reinforced by the psychological level of $500 per share. If bullish momentum remains strong, buyers may attempt to push the stock back into the range between Lines Three and Four.
Spotify (SPOT) Stock Forecast
According to TipRanks:
→ Analysts have an average 12-month price target of $671 for SPOT shares.
→ 17 out of 26 analysts recommend buying SPOT stock.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
SPOT - My Mom Says I Have A short Bias...hmmm...Most of my Charts I analyze are currently showing a short setup. Mom says I'm shorting the whole world.
hmmm...
However, here's another one, just to keep the streak going. §8-)
Spotify is at the U-MLH = At the upper extreme.
The next natural move should be down to the Centerline.
Since I have no magic wand to show me the Future, I lean on my stats and my experience.
Shorting Spotify down to the Centerline or getting stopped out abve the U-MLH.
Simple (...but not easy ;-) )
...have to run, Mom calls for Dinner.
$SPOT the overvalued stock..Be real.. I’m an Apple Music/ Apple applications guy. This stock just seems a little too bloated for me. I’d like to see a retrace to that gap up, this market is volatile and this thing can move hardbody either direction. I’d take my chances with a short for about 50 days out, $560 is the target. I got a bearish rising wedge forming possibly here and some FIB retrace and Elliot Waves. Very expensive premiums as well. Have fun.
WsL
SPOT to $520My trading plan is very simple.
I buy or sell when price tags the top or bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price at top of channels (period 100 52 & 26)
Stochastic Momentum Index (SMI) at overbought level
VBSM is spiked positive and over top of Bollinger Band
Price at or near 2.618 Fibonacci level
Entry at $558
Target is $520 or channel bottom
SPOT into EarningsOn the daily chart, SPOT has been running on what is called a long island rally, or just a long island bottom pattern, where it leaves frequent gaps and travels straight up with further gaps along the way.
Long islands are bullish patterns; however, the average rise of a long island pattern is between 37 and 40%, whereas SPOT has rallied over 300% on its long island pattern.
Theoretically its overdue for a breakdown. TSLA recently broke down form the same formation, a long island rally:
TSLA gained 125% on its long island rally.
However, with that said, the premise of this idea comes mostly from an earnings release that is forecasted to be quite bearish, with a decline to 450 over the next 2 months part of the larger forecast.
Here is a modelled snippet of the forecast for SPOT over the next 25 days:
My opinion and position currently is short into earnings.
Not advice!
SPOT pullback to $408MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price above channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at overbought level
VBSM is spiked positive
Price at 4.618 Fibonacci level
In at $457.50
Target is $408 or channel bottom
No stop loss.
Spotify (SPOT) Shares Hover Near All-Time HighSpotify (SPOT) Shares Hover Near All-Time High
According to the Spotify (SPOT) chart:
→ The stock price has risen by over 150% since the start of 2024.
→ It has formed an ascending channel (marked in blue).
→ Growth accelerated in November, surpassing the $400 level and climbing to around $470.
The large bullish gap on 13 November followed the release of a Q3 earnings report, which fell short of expectations: earnings per share were 14% below forecast, and gross revenue was 1% lower than anticipated.
However, the market reacted enthusiastically to the company’s plans to launch a “Super-Premium” tier, offering Hi-Fi music streaming and other innovations, including features related to video.
Spotify first announced its intention to introduce a higher-end Premium subscription with features like lossless, CD-quality audio several years ago, but licensing issues delayed the rollout.
According to TechCrunch, the new tier is expected to cost approximately $17–$18 per month, about $5 more than the current Premium subscription. Investors appear optimistic about potential revenue growth, driving SPOT's stock price to a historic high of $470.
Technical Analysis of SPOT
Daily chart indicators suggest the stock might be overbought:
→ The RSI indicator is above 70.
→ The price is near the upper boundary of the ascending channel.
Meanwhile, TipRanks analysts forecast an average target price for SPOT at $477 over the next 12 months.
This suggests that while SPOT has experienced remarkable growth in 2024, its upward momentum may be nearing exhaustion.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
SPOT Spotify Technology Options Ahead of EarningsIf you haven`t entered SPOT in the potential Buy area:
Now analyzing the options chain and the chart patterns of SPOT Spotify Technology prior to the earnings report this week,
I would consider purchasing the 420usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $20.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
hourly bull continuation patternas long as we stay above mpoc the stock should continue to head towards 420. if we trade below dopen and confirm a consolidation pattern toward dpoc the bear move could lead toward pdVAH and gap close. levels are marked out in horizontal lines where support, resistance or pivot could sway price.
SPOT from $385 to $359MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM Squeeze in in play.
I hold until target is reached or end of year, when I can book a loss.
So...
Here's why I'm picking this symbol to do the thing.
Price at top of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at overbought level
TTM Squeeze is off
TTM Squeeze momentum is high
VBSM is turning positive negative
Impulse MACD is flat crossing over to the upside downside
Price at near Fibonacci level
In at $385.43 (will add to position at $396 if reached)
Target is $359 or channel bottom
SPOTIFY to resume the uptrend and target $400.Spotify (SPOT) tested and held the 1D MA50 (blue trend-line) on Monday. This is the second progressive MA hold it makes after rebounding on the 1D MA100 (green trend-line) on July 18 2024.
The latter technically was a Higher Low on the nearly 2-year Channel Up pattern that has posted two cycles of Bullish Legs within that time span of around +160% each. The 1D RSI is posting a similar Bull Flag as in September - October 2023, so we might be in the same symmetry as that price action.
As you can see, that fractal rose to above the 1.5 Fibonacci extension following a 1D MA50 rebound, so if the current price action replicates it, we should see $400 by early November.
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Once again, SPOT MA50 saves the daySPOT is headed to 400/470 before June 2025 in my humble opinion.
I have highlighted in green, the area where VPA concepts imply bottoms, which are coincidentally on the daily MA50. This is bullish.
I also like that this ticker is strong on ES and NQ weak days, and is pretty stable usually on the ES and NQ stronger days.
I like the contracts at lows, some people like to short at supports hoping for a breakdown.
"when in doubt, zoom out" - Larger time frames are still bullish, and you won't catch me shorting this stock.
Not financial advice, Thoughts of July10,2024
i.wish for a drop in SPOT to accumulate its common sharesSpotify continues to execute on initiatives that put the company on a positive revenue, gross margin, operating income and FCF trajectory. The company clearly is at an inflection point, which has been driving share price performance over the past year and a half. We are confident in the sustainability of this momentum highlighted by recent price increases that should partially flow through to gross margin. Spotify has raised prices twice in less than a year in the US (and a few other global markets, including the UK and Australia), indicating confidence in the company’s ability to grow subscribers and mitigate churn on the platform. In addition to price increases, SPOT has monetization and margin expansion opportunities from introducing pricing tiers (e.g., music-only, “Supremium”) and features as the company scales new businesses like audiobooks.
7/21/24 - $spot - I don't get it. Pass.7/21/24 :: VROCKSTAR :: NYSE:SPOT
I don't get it. Pass.
- 60x PE
- good > 20% growth - nice.
- horrible gross margins (they pay a lot to creators, obviously)
- best in class product - great
- seeing some opex leverage lately - great
- a ton of stock option dilution to the FCF generation (almost all of it) - not ideal but stonk doing fine which actually gets a bit of a pass
- i understand those who hold this thing, in earnest i'd like to find an entry. but don't think the r/r in this print makes sense
- i'm also getting the sense i'm going to be more bearish generally this EPS (but let's see) on the stuff i review which will draw some colorful comments lol bring it
- wish the holders some luck here but i'm on the sidelines.
have a good week to those reading this esp my fam
V
SPOT Spotify Technology Options Ahead of EarningsIf you haven`t sold the Head and Shoulders bearish chart pattern on SPOT:
nor bought calls before the previous earnings:
Now analyzing the options chain and the chart patterns of SPOT Spotify Technology prior to the earnings report this week,
I would consider purchasing the 290usd strike price Puts with
an expiration date of 2024-8-16,
for a premium of approximately $15.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.