Description
**Spotify (SPOT) Analysis:**
1. **Current Price and Intraday Trading Range:**
- The current price of Spotify stock is $419.39, with a day high of $420 and a day low of $411.70[1][4].
2. **Pre-market and After-hours Movement:**
- No specific pre-market and after-hours movement data is provided in the available sources.
3. **Trading Volume vs Average:**
- The trading volume on 11/12/2024 was 177,519.00, which is lower than the average volumes seen in the 5-day, 20-day, 50-day, 100-day, and 200-day periods, indicating a relatively quiet trading day[3].
4. **Recent News or Announcements:**
- There are no recent news or announcements in the last 24 hours mentioned in the available sources.
5. **Major Analyst Updates or Price Target Changes:**
- The consensus rating for Spotify stock is "buy," with 83 buy ratings, 17 hold ratings, and 0 sell ratings. The median target price is $259.83, with a high estimate of $425.00 and a low estimate of $120.00[1].
6. **Options Flow Activity:**
- An analysis suggests considering purchasing the $420 USD strike price Calls with an expiration date of 2025-1-17, for a premium of approximately $10.46, indicating a bullish sentiment[4].
7. **Related Semiconductor/AI Sector News Affecting Spotify:**
- There is no direct mention of related semiconductor/AI sector news affecting Spotify in the available sources.
8. **Key Technical Indicators for Day Trading:**
- **Moving Averages:**
- 5-Day: $390.41, +$16.18, +4.21%
- 20-Day: $382.96, +$26.98, +7.22%
- 50-Day: $366.56, +$59.95, +17.59%
- 100-Day: $345.07, +$90.78, +29.29%
- 200-Day: $310.92, +$186.50, +87.08%[3].
- **Stochastic Indicators:**
- 9-Day: 82.44% (Raw Stochastic), 79.94% (Stochastic %K), 59.94% (Stochastic %D)
- 14-Day: 82.46% (Raw Stochastic), 82.20% (Stochastic %K), 69.99% (Stochastic %D)[3].
- **Relative Strength Index (RSI):**
- 9-Day: 68.63%
- 14-Day: 65.82%
- 20-Day: 64.30%[3].
**Market Sentiment:**
- The overall market sentiment for Spotify stock is bullish, with a strong consensus buy rating and significant price target increases. The technical indicators also suggest an upward trend, with moving averages and stochastic indicators indicating a strong buy signal. The options flow activity further supports a bullish outlook. However, the trading volume was lower than average, which might indicate a slight caution.
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