SPOTIFY TECH. S.A.EUR 1 - Daily - Technical analysis published on 08/03/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 206.32 EUR
My targets
177.68 EUR (-7.53%)
172.37 EUR (-10.30%)
My analysis
The bearish trend is currently very strong for SPOTIFY TECH. S.A.EUR 1. As long as the price remains below the resistance at 206.32 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 177.68 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 172.37 EUR as an objective. Crossing it would then enable sellers to target 145.00 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
6.8
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This analysis was given by DipFarda. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SPOTIFY TECH. S.A.EUR 1 price is 192.15 EUR. The price has increased by +1.43% since the last closing and was traded between 191.35 EUR and 193.50 EUR over the period. The price is currently at +0.42% from its lowest and -0.70% from its highest.191.35
193.50
192.15
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of SPOTIFY TECH. S.A.EUR 1 in Daily shows a overall strongly bearish trend. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 11 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 107.95 | 145.00 | 177.68 | 192.15 | 194.50 | 206.32 | 230.50 |
| Change (%) | -43.82% | -24.54% | -7.53% | - | +1.22% | +7.37% | +19.96% |
| Change | -84.20 | -47.15 | -14.47 | - | +2.35 | +14.17 | +38.35 |
| Level | Minor | Intermediate | Major | - | Minor | Minor | 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 | 179.42 | 183.78 | 186.62 | 190.98 | 193.82 | 198.18 | 201.02 |
| Camarilla | 187.47 | 188.13 | 188.79 | 189.45 | 190.11 | 190.77 | 191.43 |
| Woodie | 178.65 | 183.40 | 185.85 | 190.60 | 193.05 | 197.80 | 200.25 |
| Fibonacci | 183.78 | 186.53 | 188.23 | 190.98 | 193.73 | 195.43 | 198.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 156.43 | 168.72 | 181.63 | 193.92 | 206.83 | 219.12 | 232.03 |
| Camarilla | 187.62 | 189.93 | 192.24 | 194.55 | 196.86 | 199.17 | 201.48 |
| Woodie | 156.75 | 168.88 | 181.95 | 194.08 | 207.15 | 219.28 | 232.35 |
| Fibonacci | 168.72 | 178.34 | 184.29 | 193.92 | 203.54 | 209.49 | 219.12 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 119.37 | 150.18 | 172.37 | 203.18 | 225.37 | 256.18 | 278.37 |
| Camarilla | 179.98 | 184.83 | 189.69 | 194.55 | 199.41 | 204.27 | 209.13 |
| Woodie | 115.05 | 148.03 | 168.05 | 201.03 | 221.05 | 254.03 | 274.05 |
| Fibonacci | 150.18 | 170.43 | 182.94 | 203.18 | 223.43 | 235.94 | 256.18 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 38.27 | |
| MACD (12,26,9): | -6.0300 | |
| Directional Movement: | -16.47 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 196.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 198.78 | |
| Elder Ray (13): | -6.85 | |
| Super Trend (3,10): | 214.54 | |
| Zig ZAG (10): | 192.30 | |
| VORTEX (21): | 0.7300 | |
| Stochastique (14,3,5): | 27.05 | |
| TEMA (21): | 190.35 | |
| Williams %R (14): | -68.08 | |
| Chande Momentum Oscillator (20): | -14.60 | |
| Repulse (5,40,3): | -3.7300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2300 | |
| Courbe Coppock: | 21.48 |
| MA7: | 193.00 | |
| MA20: | 206.54 | |
| MA50: | 207.50 | |
| MA100: | 212.57 | |
| MAexp7: | 194.47 | |
| MAexp20: | 202.87 | |
| MAexp50: | 208.11 | |
| MAexp100: | 215.12 | |
| Price / MA7: | -0.44% | |
| Price / MA20: | -6.97% | |
| Price / MA50: | -7.40% | |
| Price / MA100: | -9.61% | |
| Price / MAexp7: | -1.19% | |
| Price / MAexp20: | -5.28% | |
| Price / MAexp50: | -7.67% | |
| Price / MAexp100: | -10.68% |
Quotes :
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15 min delayed data
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Germany Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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