Episodes

  • Spotify Stock Outlook: Bearish Trends and Cautionary Signals

    Spotify Stock Outlook: Bearish Trends and Cautionary Signals
    Nov 14 2024
    **Spotify (SPOT) Analysis:**

    1. **Current Price and Intraday Trading Range:**
    - The current price of Spotify (SPOT) is $410.19[2], with a recent intraday trading range of $377.11 to $383.75[3].

    2. **Pre-market and After-hours Movement:**
    - The stock showed a 0.12% increase in after-hours trading on November 8, 2024, reaching $401.15[1].

    3. **Trading Volume vs Average:**
    - Recent trading volumes have been moderate, with 1,234,516 shares traded on November 4, 2024, and 1,545,196 shares on November 1, 2024[3].

    4. **Recent News or Announcements:**
    - No significant news or announcements have been reported in the last 24 hours.

    5. **Major Analyst Updates or Price Target Changes:**
    - The average price target offered by analysts is $403.65 for the next year[2].

    6. **Options Flow Activity:**
    - No specific options flow activity has been reported recently.

    7. **Related Sector News:**
    - There is no direct semiconductor/AI sector news affecting Spotify in the recent reports.

    8. **Key Technical Indicators:**
    - **Price to Sales Ratio:** Expected to drop to 2.37 in 2024[3].
    - **Price Earnings Ratio:** Expected to drop to -65.34 in 2024[3].
    - **AI Score:** 0/10 (Sell rating) with a -1.00% probability advantage of beating the market in the next 3 months[2].
    - **Short Ratio:** 1.14%, indicating low short interest[2].
    - **Price Action Indicator:** -6.08, suggesting a bearish trend[3].

    **Market Sentiment:**
    - The overall market sentiment for Spotify is bearish, with a sell rating and a negative probability advantage of beating the market in the next 3 months. The stock's recent price movements and technical indicators suggest caution for investors.
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    2 mins
  • Spotify Stock Analysis: Bullish Signals Amid Lower Trading Volume

    Spotify Stock Analysis: Bullish Signals Amid Lower Trading Volume
    Nov 13 2024
    **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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    3 mins
  • Spotify Soars Amid Bullish Signals, Analysts Eye Upside Potential

    Spotify Soars Amid Bullish Signals, Analysts Eye Upside Potential
    Nov 12 2024
    **Spotify (SPOT) Analysis:**

    1. **Current Price and Intraday Trading Range:**
    - The current price of SPOT is $405.11 as of Monday morning, 11/11/2024[2].
    - Intraday trading range on 11/05/2024 was between $378.97 and $383.99[2].

    2. **Pre-market and After-hours Movement:**
    - No specific pre-market or after-hours movement data is available in the provided sources.

    3. **Trading Volume vs Average:**
    - The average volume for SPOT is around 1,803,420 over the last 5 days[4].
    - No specific comparison to the current day's volume is available.

    4. **Recent News or Announcements:**
    - There are no recent news or announcements in the last 24 hours mentioned in the provided sources.

    5. **Major Analyst Updates or Price Target Changes:**
    - The median target price from 100 analysts is $259.83, with a high estimate of $425.00 and a low estimate of $120.00[2].
    - No recent updates or changes in price targets are mentioned.

    6. **Options Flow Activity:**
    - No information on options flow activity is available in the provided sources.

    7. **Related Semiconductor/AI Sector News Affecting Spotify:**
    - There is no direct mention of how semiconductor/AI sector news affects Spotify in the provided sources.

    8. **Key Technical Indicators for Day Trading:**
    - **Moving Averages:**
    - 5-Day: $390.41, +16.18, +4.21%[4].
    - 20-Day: $382.96, +26.98, +7.22%[4].
    - 100-Day: $345.07, +90.78, +29.29%[4].
    - **Stochastic Indicators:**
    - 9-Day: 82.44% (Raw Stochastic), 79.94% (Stochastic %K), 59.94% (Stochastic %D)[4].
    - **Relative Strength Index (RSI):**
    - 9-Day: 68.63%[4].
    - **MACD Oscillator:**
    - 9-Day: 7.57[4].

    **Market Sentiment:**
    - The consensus rating for Spotify stock is "Buy," based on 83 buy ratings, 17 hold ratings, and 0 sell ratings[2].
    - The stock has shown significant growth, with a 52-week low of $165.25 and a current price indicating a 231.11% increase[2].
    - Technical indicators suggest a strong upward trend, but with potential for overheating as indicated by the RSI and stochastic indicators[4].
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    3 mins
  • Spotify Stock Analysis: Potential Correction Ahead Despite Positive Market Sentiment

    Spotify Stock Analysis: Potential Correction Ahead Despite Positive Market Sentiment
    Nov 11 2024
    **Spotify (SPOT) Analysis**

    1. **Current Price and Intraday Trading Range**: As of Friday, November 8, 2024, Spotify's stock price is $400.68, with an intraday high of $403.99 and a low of $398.97[1][2].

    2. **Pre-market and After-hours Movement**: No specific pre-market or after-hours data is available in the provided sources.

    3. **Trading Volume vs Average**: The trading volume on November 5, 2024, was 18,376, but the average volume is not specified in the provided sources[1].

    4. **Recent News or Announcements**: There are no recent news or announcements in the last 24 hours mentioned in the provided sources.

    5. **Major Analyst Updates or Price Target Changes**: The median target price from 100 analysts is $259.83, with a high estimate of $425.00 and a low estimate of $120.00. There are 83 buy ratings, 17 hold ratings, and 0 sell ratings[1].

    6. **Options Flow Activity**: No information on options flow activity is available in the provided sources.

    7. **Related Semiconductor/AI Sector News Affecting Spotify**: There is no direct mention of related semiconductor/AI sector news affecting Spotify in the provided sources.

    8. **Key Technical Indicators for Day Trading**:
    - **52-Week High/Low**: The 52-week high is $397.08, and the 52-week low is $165.25[1].
    - **Market Sentiment**: The consensus rating is a buy, indicating positive market sentiment[1].
    - **Technical Analysis**: A double top pattern has been identified on the weekly chart, with an overheated RSI, suggesting potential for a short position with a support level at $348[4].

    **Summary**: Spotify's stock price is currently at $400.68, with a strong buy consensus from analysts. The stock has seen significant growth over the past year, but technical indicators suggest potential for a correction. Market sentiment remains positive, but traders should be cautious of the identified double top pattern and overheated RSI.
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    2 mins
  • Spotify Stock Analysis: Overbought Technicals, Positive Sentiment but Overpriced Target

    Spotify Stock Analysis: Overbought Technicals, Positive Sentiment but Overpriced Target
    Nov 8 2024
    **Spotify (SPOT) Analysis:**

    1. **Current Price and Intraday Trading Range:**
    - The current price of Spotify stock is $402.14. On November 6, 2024, it traded between $396.02 and $399.44.

    2. **Pre-market and After-hours Movement:**
    - No specific pre-market or after-hours data is available in the provided sources.

    3. **Trading Volume vs Average:**
    - The volume on November 5, 2024, was 18,376.00, but no average volume data is provided for comparison.

    4. **Recent News or Announcements:**
    - There are no recent news or announcements in the last 24 hours mentioned in the provided sources.

    5. **Major Analyst Updates or Price Target Changes:**
    - The median target price from 100 analysts is $259.83, with a high estimate of $425.00 and a low estimate of $120.00. There are 83 buy ratings, 17 hold ratings, and 0 sell ratings.

    6. **Options Flow Activity:**
    - No specific options flow activity data is available in the provided sources.

    7. **Related Semiconductor/AI Sector News:**
    - No related news affecting Spotify is mentioned in the provided sources.

    8. **Key Technical Indicators for Day Trading:**
    - The stock has made a double top on the weekly chart, and the RSI has overheated, suggesting potential for a short position with a support target at $348.

    **Market Sentiment:**
    - The consensus rating is a buy, indicating overall positive sentiment among analysts.

    **Key Points:**
    - Current price: $402.14.
    - Intraday trading range: $396.02 to $399.44.
    - Median target price: $259.83.
    - Technical analysis suggests a potential short position with a support target at $348.
    - Overall market sentiment is positive with 83 buy ratings.
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    2 mins