REPORTING FOR 2019-11-19 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how SPOT has been trading over the last 2 weeks and the past day especially. On its latest session, Spotify Technology S.A. ($SPOT) opened at 144.74, reaching a high of 144.89 and a low of 139.51 before closing at a price of 140.26. There was a total volume of 2277492.
VOLUME INDICATORS FOR SPOTIFY TECHNOLOGY S.A. ($SPOT): We saw an accumulation-distribution index of 13923.49533, an on-balance volume of 147.51, chaikin money flow of 70.73333 and a force index of 60.503. There was an ease of movement rating of -0.004, a volume-price trend of 4.74924 and a negative volume index of 1000.0.
VOLATILITY INDICATORS FOR SPOTIFY TECHNOLOGY S.A. ($SPOT): We noted an average true range of 2.85012, bolinger bands of 153.29234, an upper bollinger band of 132.92766, lower bollinger band of 139.51, a bollinger high band indicator of 1.0, bollinger low band indicator of nan, a central keltner channel of 143.04667, high band keltner channel of 142.89667, low band keltner channel of 143.19667, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 139.51, a donchian channel low band of 139.51, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.
TREND INDICATORS FOR SPOTIFY TECHNOLOGY S.A. ($SPOT): We calculated a Moving Average Convergence Divergence (MACD) of 0.16154, a MACD signal of 0.08974, a MACD difference of 0.07179, a fast Exponential Moving Average (EMA) indicator of 139.51, a slow Exponential Moving Average (EMA) indicator of 139.51, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.25821, a trix of 4.01952, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of 66.66667, a Detrended Price Oscillator (DPO) of -4.45699, a KST Oscillator (KST) of 33.0018 and a KST Oscillator (KST Signal) of 33.0018 (leaving a KST difference of 13.3281). We also found an Ichimoku rating of 144.815, an Ichimoku B rating of 144.815, a Ichimoku visual trend A of 138.28269, an Ichimoku visual trend B of 137.11618, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of 4.0.
MOMENTUM INDICATORS FOR SPOTIFY TECHNOLOGY S.A. ($SPOT): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 46.01007, a stochastic oscillator of 3586.66667, a stochastic oscillator signal of 3586.66667, a Williams %R rating of 3486.66667 and an awesome oscillator of 0.445.
RETURNS FOR SPOTIFY TECHNOLOGY S.A. ($SPOT): There was a daily return of 3.30018, a daily log return of 5.03216 and a cumulative return of 5.16092.
What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-11-19 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Spotify Technology S.A. ($SPOT)…
DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Spotify Technology S.A. ($SPOT) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.