Get started
SPOTIFY TECHNOLOGY SASPOTIFY TECHNOLOGY SASPOTIFY TECHNOLOGY SA

SPOTIFY TECHNOLOGY SA

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Bonds

SPOT trade ideas

SPOT breakout failure ?NYSE:SPOT has been trading in this range since December 2018. Yesterday we saw a gap up on a volume spike at the top of the range. Typically that would be a very bullish signal if it closed outside of the range with a solid candle but as you can see on the chart, it closed in weakness at the bottom of the range. Let's take a look at the fibs action : High of yesterday's candle almost hit the 1.618 (165.03) and reversed to close just above the 1.272 (154.54) @ 155.78 A close today below the 1.272 and the close of yesterday might take us for a ride to fill the gap below back to the 142-143 area
NYSE:SPOT
by pierhk
SPOT Long, after breakaway Gap and down trendline break Condition: 1. Two breakaway Gaps (G1, G2) in one week. They show very strong strength. 2. Two down trendline break (TLB1, TLB2) Entry at today Gap up open before 128 Stop: 125 (below Gap G2) Target1: 140; risk/reward=1:4 Target2: 148; risk/reward=1:6 This is a trading school homework. I need 6 months to practice trading plan. If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
NYSE:SPOTLong
by PlanTradePlanMM
Spotify currently in a channelSpotify has been in a channel for what looks like over a year. There are two lines of support and it has recently bounced off both of them. I expect it to rise slowly up past EMA-50 and hopefully reach the top of the channel. RSI is not too high, and MACD is giving a buy signal. Despite recent COVID-19 concerns, Spotify should be financially ok since they are on online service and, more importantly, people will likely be using it a lot more since everyone is at home. EPS is also coming up in May, and I fell confident that it'll be either met or beat. Most of the analyst recommendations that I found on Marketwatch also agree to either buy or hold SPOT.
NYSE:SPOTLong
by QuantumMaster
Long SPOT - The Beginning of Positive Cash FlowSpotify is beginning to see quarterly positive cash flows. Using the discounted cash flow method, SPOT has a price target of $150. Their executive management has been very aggressive in expanding, especially internationally. Gross margins need to be improved through contract negotiations with record labels. SIRI (Sirius & Pandora) have a gross margin of 46%, while SPOT is at 25%. Their increase in gross margins and Monthly Average Usage will be vital for higher growth.
NYSE:SPOTLong
by kevinhamta