Spotify Technology SA (SPOT, $147.04) entered Downtrend as Momentum indicator drops below 0 level on May 24, 2023

A.I.dvisor
at Tickeron.com
05/25/23
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SPOT - Spotify Technology SA
Momentum signal
Bearish Trend
80%
Odds of DOWN Trend
Momentum signal
Price: $147.04
Daily change: -$0.63 (-0.43%)
Daily volume: 1.1M
Capitalization: $28.4B
Industry: Internet Software/Services
This indicator may be signaling that SPOT's price has further to drop, since it fell below its price logged 14 days ago. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 86 similar cases where SPOT's Momentum Indicator fell below the 0 level, and of them led to a successful outcome. Odds of Success:
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a music platform

Industry InternetSoftwareServices

Profile
Fundamentals
Details
Industry
Internet Software Or Services
Address
5, Place de la Gare
Phone
N/A
Employees
8359
Web
https://www.spotify.com
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SPOT and

Correlation & Price change

A.I.dvisor indicates that over the last year, SPOT has been loosely correlated with GOOG. These tickers have moved in lockstep 58% of the time. This A.I.-generated data suggests there is some statistical probability that if SPOT jumps, then GOOG could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SPOT
1D Price
Change %
SPOT100%
+0.37%
GOOG - SPOT
58%
Loosely correlated
-3.05%
GOOGL - SPOT
57%
Loosely correlated
-3.12%
KIND - SPOT
48%
Loosely correlated
-2.08%
PINS - SPOT
47%
Loosely correlated
+3.09%
IAC - SPOT
46%
Loosely correlated
-0.88%
More