Londinia Opportunities Analyses - 06/14/2021 (GMT) SPOTIFY TECHNOLOGY S.A. - 1H
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USD
(-)
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15 min delayed data - NYSE Stocks
| Type: | Stocks |
| Ticker: | SPOT |
| ISIN: | LU1778762911 |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- U.S. Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 246.17 USD
My targets
252.59 USD (+1.42%)
267.65 USD (+7.47%)
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 246.17 USD. The next resistance located at 252.59 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 267.65 USD. After this resistance, buyers could then target 291.64 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.9
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The SPOTIFY TECHNOLOGY S.A. rating is 249.05 USD. The price registered an increase of +2.21% on the session with the lowest point at 243.97 USD and the highest point at 249.12 USD. The deviation from the price is +2.08% for the low point and -0.03% for the high point.243.97
249.12
249.05
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of SPOTIFY TECHNOLOGY S.A. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 223.70 | 231.30 | 246.17 | 249.05 | 252.59 | 291.64 | 311.00 |
| Change (%) | -10.18% | -7.13% | -1.16% | - | +1.42% | +17.10% | +24.87% |
| Change | -25.35 | -17.75 | -2.88 | - | +3.54 | +42.59 | +61.95 |
| Level | Minor | Major | Intermediate | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 228.01 | 234.41 | 239.03 | 245.43 | 250.05 | 256.45 | 261.07 |
| Camarilla | 240.63 | 241.64 | 242.65 | 243.66 | 244.67 | 245.68 | 246.69 |
| Woodie | 227.13 | 233.97 | 238.15 | 244.99 | 249.17 | 256.01 | 260.19 |
| Fibonacci | 234.41 | 238.62 | 241.22 | 245.43 | 249.64 | 252.24 | 256.45 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 219.80 | 227.83 | 235.75 | 243.78 | 251.70 | 259.73 | 267.65 |
| Camarilla | 239.27 | 240.74 | 242.20 | 243.66 | 245.12 | 246.58 | 248.05 |
| Woodie | 219.74 | 227.80 | 235.69 | 243.75 | 251.64 | 259.70 | 267.59 |
| Fibonacci | 227.83 | 233.93 | 237.69 | 243.78 | 249.88 | 253.64 | 259.73 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 168.08 | 189.59 | 215.58 | 237.09 | 263.08 | 284.59 | 310.58 |
| Camarilla | 228.51 | 232.86 | 237.22 | 241.57 | 245.92 | 250.28 | 254.63 |
| Woodie | 170.32 | 190.71 | 217.82 | 238.21 | 265.32 | 285.71 | 312.82 |
| Fibonacci | 189.59 | 207.74 | 218.95 | 237.09 | 255.24 | 266.45 | 284.59 |
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): | 62.96 | |
| MACD (12,26,9): | 1.2200 | |
| Directional Movement: | 17.31 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 244.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 250.37 | |
| Elder Ray (13): | 2.14 | |
| Super Trend (3,10): | 240.07 | |
| Zig ZAG (10): | 246.49 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 51.96 | |
| TEMA (21): | 245.42 | |
| Williams %R (14): | -28.63 | |
| Chande Momentum Oscillator (20): | 5.03 | |
| Repulse (5,40,3): | 1.0800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 3.81 |
| MA7: | 242.63 | |
| MA20: | 236.20 | |
| MA50: | 252.40 | |
| MA100: | 279.33 | |
| MAexp7: | 245.76 | |
| MAexp20: | 243.27 | |
| MAexp50: | 241.32 | |
| MAexp100: | 239.46 | |
| Price / MA7: | +2.65% | |
| Price / MA20: | +5.44% | |
| Price / MA50: | -1.33% | |
| Price / MA100: | -10.84% | |
| Price / MAexp7: | +1.34% | |
| Price / MAexp20: | +2.38% | |
| Price / MAexp50: | +3.20% | |
| Price / MAexp100: | +4.00% |
Quotes :
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15 min delayed data
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Actions NYSE