May 30, 2025, 22:40 pm ET, BY Scott B. - Contributor |
Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SPOT
- Buy SPOT near 634.37 target 702.11 stop loss @ 632.54 Details
The technical summary data tells us to buy SPOT near 634.37 with an upside target of 702.11. This data also tells us to set a stop loss @ 632.54 to protect against excessive loss in case the stock begins to move against the trade. 634.37 is the first level of support below 665.14 , and by rule, any test of support is a buy signal. In this case, support 634.37 is being tested, a buy signal would exist.
- Short SPOT slightly under 702.11, target 634.37, stop loss @ 704.14 Details
The technical summary data is suggesting a short of SPOT as it gets near 702.11 with a downside target of 634.37. We should have a stop loss in place at 704.14though. 702.11 is the first level of resistance above 665.14, and by rule, any test of resistance is a short signal. In this case, if resistance 702.11 is being tested, a short signal would exist.
Swing Trading Plans for SPOT
- Buy SPOT slightly over 671.17, target 702.11, Stop Loss @ 669.23 Details
If 671.17 begins to break higher, the technical summary data tells us to buy SPOT just slightly over 671.17, with an upside target of 702.11. The data also tells us to set a stop loss @ 669.23 in case the stock turns against the trade. 671.17 is the first level of resistance above 665.14, and by rule, any break above resistance is a buy signal. In this case, 671.17, 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 671.17, target 646.99, Stop Loss @ 673.11. Details
The technical summary data is suggesting a short of SPOT if it tests 671.17 with a downside target of 646.99. We should have a stop loss in place at 673.11 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, 671.17, 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 671.17, target 702.11, Stop Loss @ 669.6 Details
If 671.17 begins to break higher, the technical summary data tells us to buy SPOT just slightly over 671.17, with an upside target of 702.11. The data also tells us to set a stop loss @ 669.6 in case the stock turns against the trade. 671.17 is the first level of resistance above 665.14, and by rule, any break above resistance is a buy signal. In this case, 671.17, 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 671.17, target 664.19, Stop Loss @ 672.74. Details
The technical summary data is suggesting a short of SPOT if it tests 671.17 with a downside target of 664.19. We should have a stop loss in place at 672.74 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, 671.17, 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 30:
Term → | Near |
Mid |
Long |
Rating |
Neutral |
Neutral |
Strong |
P1 |
0 |
0 |
565.89 |
P2 |
647.13 |
646.99 |
634.37 |
P3 |
664.19 |
671.17 |
702.11 |
AI Generated Signals for SPOT
Blue = Current Price
Red = Resistance
Green = Support
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