Description
**Spotify (SPOT) Analysis:**
1. **Current Price and Intraday Trading Range:**
- The current price of SPOT is $405.11 as of Monday morning, 11/11/2024[2].
- Intraday trading range on 11/05/2024 was between $378.97 and $383.99[2].
2. **Pre-market and After-hours Movement:**
- No specific pre-market or after-hours movement data is available in the provided sources.
3. **Trading Volume vs Average:**
- The average volume for SPOT is around 1,803,420 over the last 5 days[4].
- No specific comparison to the current day's volume is available.
4. **Recent News or Announcements:**
- There are no recent news or announcements in the last 24 hours mentioned in the provided sources.
5. **Major Analyst Updates or Price Target Changes:**
- The median target price from 100 analysts is $259.83, with a high estimate of $425.00 and a low estimate of $120.00[2].
- No recent updates or changes in price targets are mentioned.
6. **Options Flow Activity:**
- No information on options flow activity is available in the provided sources.
7. **Related Semiconductor/AI Sector News Affecting Spotify:**
- There is no direct mention of how semiconductor/AI sector news affects Spotify in the provided sources.
8. **Key Technical Indicators for Day Trading:**
- **Moving Averages:**
- 5-Day: $390.41, +16.18, +4.21%[4].
- 20-Day: $382.96, +26.98, +7.22%[4].
- 100-Day: $345.07, +90.78, +29.29%[4].
- **Stochastic Indicators:**
- 9-Day: 82.44% (Raw Stochastic), 79.94% (Stochastic %K), 59.94% (Stochastic %D)[4].
- **Relative Strength Index (RSI):**
- 9-Day: 68.63%[4].
- **MACD Oscillator:**
- 9-Day: 7.57[4].
**Market Sentiment:**
- The consensus rating for Spotify stock is "Buy," based on 83 buy ratings, 17 hold ratings, and 0 sell ratings[2].
- The stock has shown significant growth, with a 52-week low of $165.25 and a current price indicating a 231.11% increase[2].
- Technical indicators suggest a strong upward trend, but with potential for overheating as indicated by the RSI and stochastic indicators[4].
Spotify Stock Maintains Strong Position Following Recent Market Cap Milestone
In recent trading, Spotify Technology SA (SPOT) continues to demonstrate resilience, with shares trading at $470.70 as of yesterday's close. The streaming giant's stock has maintained its upward momentum, reflecting...
Published 11/22/24
Spotify Stock Sees Mixed Trading Following Record-Breaking Week
Spotify Technology (SPOT) shares continue to show volatility in Wednesday morning trading, as investors digest the stock's recent surge to near all-time highs. The streaming giant's shares are currently trading at $458.32, down...
Published 11/20/24