SPOTIFY TECHNOLOGY S.A. - 1H - Technical analysis published on 08/27/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 266.00 USD
My targets
276.01 USD (+0.52%)
291.19 USD (+6.05%)
My analysis
SPOTIFY TECHNOLOGY S.A. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 266.00 USD. The next resistance located at 276.01 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 291.19 USD. After this resistance, buyers could then target 299.67 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SPOTIFY TECHNOLOGY S.A. rating 274.59 USD. The price registered a decrease of -1.33% on the session and was between 271.36 USD and 278.99 USD. This implies that the price is at +1.19% from its lowest and at -1.58% from its highest.271.36
278.99
274.59
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of SPOTIFY TECHNOLOGY S.A. indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 9 technical indicators out of 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 241.27 | 248.99 | 266.00 | 274.59 | 276.01 | 291.19 | 299.67 |
| Change (%) | -12.13% | -9.32% | -3.13% | - | +0.52% | +6.05% | +9.13% |
| Change | -33.32 | -25.60 | -8.59 | - | +1.42 | +16.60 | +25.08 |
| Level | Minor | Major | Minor | - | Intermediate | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 260.13 | 264.44 | 271.37 | 275.68 | 282.61 | 286.92 | 293.85 |
| Camarilla | 275.20 | 276.23 | 277.26 | 278.29 | 279.32 | 280.35 | 281.38 |
| Woodie | 261.43 | 265.10 | 272.67 | 276.34 | 283.91 | 287.58 | 295.15 |
| Fibonacci | 264.44 | 268.74 | 271.39 | 275.68 | 279.98 | 282.63 | 286.92 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 229.58 | 240.22 | 255.60 | 266.24 | 281.62 | 292.26 | 307.64 |
| Camarilla | 263.83 | 266.21 | 268.60 | 270.98 | 273.37 | 275.75 | 278.14 |
| Woodie | 231.95 | 241.41 | 257.97 | 267.42 | 283.99 | 293.44 | 310.01 |
| Fibonacci | 240.22 | 250.16 | 256.30 | 266.24 | 276.18 | 282.32 | 292.26 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 177.50 | 210.31 | 234.06 | 266.87 | 290.62 | 323.43 | 347.18 |
| Camarilla | 242.27 | 247.45 | 252.64 | 257.82 | 263.01 | 268.19 | 273.37 |
| Woodie | 172.98 | 208.05 | 229.54 | 264.61 | 286.10 | 321.17 | 342.66 |
| Fibonacci | 210.31 | 231.91 | 245.26 | 266.87 | 288.47 | 301.82 | 323.43 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.21 | |
| MACD (12,26,9): | 2.6300 | |
| Directional Movement: | 1.76 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 276.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 265.57 | |
| Elder Ray (13): | -0.96 | |
| Super Trend (3,10): | 267.62 | |
| Zig ZAG (10): | 273.83 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 77.14 | |
| TEMA (21): | 276.64 | |
| Williams %R (14): | -37.55 | |
| Chande Momentum Oscillator (20): | 9.20 | |
| Repulse (5,40,3): | -0.2400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 7.08 |
| MA7: | 270.35 | |
| MA20: | 259.39 | |
| MA50: | 261.35 | |
| MA100: | 211.47 | |
| MAexp7: | 275.59 | |
| MAexp20: | 272.62 | |
| MAexp50: | 268.17 | |
| MAexp100: | 264.48 | |
| Price / MA7: | +1.57% | |
| Price / MA20: | +5.86% | |
| Price / MA50: | +5.07% | |
| Price / MA100: | +29.85% | |
| Price / MAexp7: | -0.36% | |
| Price / MAexp20: | +0.72% | |
| Price / MAexp50: | +2.39% | |
| Price / MAexp100: | +3.82% |
Quotes :
2020-08-27 15:15:56
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15 min delayed data
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NYSE Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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