4SPOT trade ideas
SPOT-BULLISH SCENARIOSpotify (SPOT) will announce Q2 earnings, with confirmed price hikes hitting subscription plans in various countries, including the US, UK, Spain, France, New Zealand, Hong Kong, and Peru. The ad-free premium plan will rise by $1 to $10.99, Duo plan by $2 to $14.99, family plan by $1 to $16.99, and the student plan by $1 to $5.99 per month.
Existing subscribers will have a one-month grace period before the new prices take effect. Competitors Apple Music, Amazon Music, and YouTube Music have also raised their prices. Analysts expect the price hikes to contribute to a 5% revenue bump for 2024.
Despite concerns about subscriber numbers, analysts anticipate solid Q2 earnings for Spotify, with improved profitability and a 20% increase in monthly active users year-over-year. Wall Street expects Q2 revenue of 3.21 billion euros, a loss per share of -0.66 euros, and a total of 530 million monthly active users.
Analysts have been positive about Spotify's profitability efforts, and the company's beat on gross margin expectations in the first quarter has boosted sentiment. Spotify aims for a gross margin between 30% and 35% in the long term as it scales its podcasting and ads business.
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SPOT for higher targets?NYSE:SPOT seems poised for higher prices. I'm looking for an initial push towards 165 (where it may pause), then continue towards 175- 180. I may start position with at least 1 month until expiration. Have fun!!!
Sample Trades Where IPM is AppliedInverse pyramid method - a way of tranching wherein “test buy” comes first before entering a significant allocation. Then when the price comes in favor of the trader’s bias, adding positions may apply which value is bigger than the “test buy”.
Risk cancellation 1 Risk cancellation happens when you have an unrealized gain that can cover the risk you set for that particular trade.
It can also be a situation where an open position is on the winning side and just waiting for a trail stop/target profit to be executed.
In those situations, set your stops at breakeven.
Risk cancellation may give you more room to add trades/positions without adding the value at risk of your portfolio.
SPOT short position the RSI indicator is at the overbought conditions which could result in a price drop.
MACD is also showing a decreasing positive momentum and we may get a bearish cross soon.
The move seems to be a little bit overextended therefore the correction may be expected.
entry, stop loss and 2 targets are shown on the chart.
SPOTIFY still bullish for expect
Hi viewers, SPOT bullish in last periods, here technicalls are still bullish to expect
TP1:145
TP2:152
SPOTIFY ($SPOT) at MAJOR resistanceSpotify price just reached 160 usd per share, hitting 4 resistance trend lines, two major, two minor. Expecting some kind of pullback now.
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A look into Spotify TechnologyHello, here is a brief personal analysis of Spotify Technology on the NYSE for the medium-long term.
With price information from April 2018, it is a fairly simplified graph, let's remember that entertainment and technology companies were one of the few areas, along with pharmaceuticals, that saw maximum peaks during the COVID pandemic, compression and distribution time has passed and we can see a bearish elliot waves completed with final impulse 5 early this 2023 so we seem to be riding at the beginning of a bullish elliot waves standing at 1 or 1/2 spotify balances this afternoon and can define quite a bit the path to follow, we find value in the medium-long term, let's hope that the days go by.
A cordial greeting to all!
Spotify - Short positionSpotify missed out on their earnings by 1.75%, this is why we are bearish. Furthermore, technical analysis also indicates a bearish sentiment as the chart forms a rising wedge.
Entry price at 140.42
Exit price at 116.56
Stop loss at 145.66
SPOT ShortEarning 4/25/2023 before Market. (Miss)
Open GAP and ran into Supply Zone, sell pressure confirmed Supply Zone.
Short Sell 139
Stop 150
Target 117, 100
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
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Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
SPOTIFY - Breakdown is ComingA rising wedge always ends badly and this one is near completion. When the price breaks down out of the wedge it will likely drop till it fills the gap at $102. The difference from $128 to $102 is $26 for a pullback of approx. 20.3% .... I suggest you Take your profits now.
I think Spotify will move to the Up Side? NYSE:SPOT Spotify is offering customers a better experience on mobile devices.
Spotify Launches New Video Feed to Keep Listeners Listening www.wsj.com
SPOTIFY bullish setup in bull market scenarioSPOTIFY platform leading music and podcasts in the media entertainment can be the reason this stock catches the same attention in 2020. Above this demand zone I see $SPOT trend back up to highs.
$SPOT with a neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $SPOT after a positive under reaction following its earnings release placing the stock in drift A.
$SPOT very close to cross MA200$SPOT is very close to break above its 200MA, the setup looks like the probability of it is very high.
Head and Shoulders25 area is the target for the head and shoulders. Could take some time but I believe we will eventually get there.
Spotify - JRE noticing sellers market exhausted, monthly sellers bear target met, big boys profiting atm. so l will monitor behavior of monthly candles, notice yearly candle close will happen also at months end, helping with more price action PA analysis. Sellers are weakening down here.
awaiting more weekly candles ..
Perma
SPOT ShortDowntrend consolidation
Next Earning 7/28/2022 Estimate -0.67
Short 104
Stop 116
Target 60
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Buy Put Butterfly Oct P50/65/80
Limit 1.5
no Stop in option
What is wrong with Spotify? Almost everyone uses Spotify? This is not an advice. Just my notes and thoughts.
First resistance is 140. I can hardly believe how low this stock is... I will hold my buy until it recovers.
