May 10, 2025, 01:26 am ET, BY Bill T. - Contributor |
Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SPOT
- Buy SPOT near 604.92 target 675.64 stop loss @ 603.17 Details
The technical summary data tells us to buy SPOT near 604.92 with an upside target of 675.64. This data also tells us to set a stop loss @ 603.17 to protect against excessive loss in case the stock begins to move against the trade. 604.92 is the first level of support below 648.25 , and by rule, any test of support is a buy signal. In this case, support 604.92 is being tested, a buy signal would exist.
- Short SPOT slightly under 675.64, target 604.92, stop loss @ 677.59 Details
The technical summary data is suggesting a short of SPOT as it gets near 675.64 with a downside target of 604.92. We should have a stop loss in place at 677.59though. 675.64 is the first level of resistance above 648.25, and by rule, any test of resistance is a short signal. In this case, if resistance 675.64 is being tested, a short signal would exist.
Swing Trading Plans for SPOT
- Buy SPOT slightly over 671.91, target 675.64, Stop Loss @ 669.97 Details
If 671.91 begins to break higher, the technical summary data tells us to buy SPOT just slightly over 671.91, with an upside target of 675.64. The data also tells us to set a stop loss @ 669.97 in case the stock turns against the trade. 671.91 is the first level of resistance above 648.25, and by rule, any break above resistance is a buy signal. In this case, 671.91, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short SPOT slightly near 671.91, target 631.51, Stop Loss @ 673.85. Details
The technical summary data is suggesting a short of SPOT if it tests 671.91 with a downside target of 631.51. We should have a stop loss in place at 673.85 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 671.91, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for SPOT
- Buy SPOT slightly over 661.88, target 671.91, Stop Loss @ 660.34 Details
If 661.88 begins to break higher, the technical summary data tells us to buy SPOT just slightly over 661.88, with an upside target of 671.91. The data also tells us to set a stop loss @ 660.34 in case the stock turns against the trade. 661.88 is the first level of resistance above 648.25, and by rule, any break above resistance is a buy signal. In this case, 661.88, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short SPOT slightly near 661.88, target 645.59, Stop Loss @ 663.42. Details
The technical summary data is suggesting a short of SPOT if it tests 661.88 with a downside target of 645.59. We should have a stop loss in place at 663.42 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 661.88, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Spotify Technology S.a. (SPOT) available here: SPOT.
SPOT Ratings for May 10:
Term → | Near |
Mid |
Long |
Rating |
Strong |
Strong |
Strong |
P1 |
0 |
0 |
535.04 |
P2 |
645.59 |
631.51 |
604.92 |
P3 |
661.88 |
671.91 |
675.64 |
AI Generated Signals for SPOT
Blue = Current Price
Red = Resistance
Green = Support
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