When Spotify Technology S.a. ($SPOT) Moves Investors should Listen

November 17, 2023, 13:30 pm ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SPOT

• Buy SPOT slightly over 155.55 target 175.48 stop loss @ 155.1 Details

The technical summary data tells us to buy SPOT near 155.55 with an upside target of 175.48. This data also tells us to set a stop loss @ 155.1 to protect against excessive loss in case the stock begins to move against the trade. 155.55 is the first level of support below 175.26 , and by rule, any test of support is a buy signal. In this case, support 155.55 would be being tested, so a buy signal would exist.

• Short SPOT slightly under 175.48, target 155.55, stop loss @ 175.99 Details

The technical summary data is suggesting a short of SPOT as it gets near 175.48 with a downside target of 155.55. We should have a stop loss in place at 175.99though. 175.48 is the first level of resistance above 175.26, and by rule, any test of resistance is a short signal. In this case, if resistance 175.48 is being tested, so a short signal would exist.

Swing Trading Plans for SPOT

• Buy SPOT slightly over 175.48, target 176.97, Stop Loss @ 174.97 Details

If 175.48 begins to break higher, the technical summary data tells us to buy SPOT just slightly over 175.48, with an upside target of 176.97. The data also tells us to set a stop loss @ 174.97 in case the stock turns against the trade. 175.48 is the first level of resistance above 175.26, and by rule, any break above resistance is a buy signal. In this case, 175.48, 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 175.48, target 172.43, Stop Loss @ 175.99. Details

The technical summary data is suggesting a short of SPOT if it tests 175.48 with a downside target of 172.43. We should have a stop loss in place at 175.99 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, 175.48, 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 175.48, target 176.97, Stop Loss @ 175.07 Details

If 175.48 begins to break higher, the technical summary data tells us to buy SPOT just slightly over 175.48, with an upside target of 176.97. The data also tells us to set a stop loss @ 175.07 in case the stock turns against the trade. 175.48 is the first level of resistance above 175.26, and by rule, any break above resistance is a buy signal. In this case, 175.48, 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 175.48, target 174.96, Stop Loss @ 175.89. Details

The technical summary data is suggesting a short of SPOT if it tests 175.48 with a downside target of 174.96. We should have a stop loss in place at 175.89 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, 175.48, 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 November 17:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	155.55
P2	174.96	172.43	175.48
P3	177.18	176.97	195.6

AI Generated Signals for SPOT

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How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Spotify Technology S.a. (NASDAQ: SPOT) report below is a real world example. Included are trading plans for SPOT, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.