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Learn to Evaluate Spotify Technology Sa ($SPOT) using the Charts

Longer Term Trading Plans for SPOT
  • Buy SPOT slightly over 153.01 target n/a stop loss @ 152.57. Details
  • The technical summary data tells us to buy SPOT near 153.01, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 152.57 to protect against excessive loss in case the stock begins to move against the trade. 153.01 is the first level of support below 153.03, and by rule, any test of support is a buy signal. In this case, if support 153.01 is being tested, a buy signal would exist.

  • NONE . Details
  • NONE .
    There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for SPOT
  • Buy SPOT slightly over 155.18, target n/a, Stop Loss @ 154.73 Details
  • If 155.18 begins to break higher, the technical summary data tells us to buy SPOT just slightly over 155.18, with an upside target of n/a. The data also tells us to set a stop loss @ 154.73 in case the stock turns against the trade. 155.18 is the first level of resistance above 153.03, and by rule, any break above resistance is a buy signal. In this case, 155.18, 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 155.18, target 153.01, Stop Loss @ 155.63. Details
  • The technical summary data is suggesting a short of SPOT if it tests 155.18 with a downside target of 153.01. We should have a stop loss in place at 155.63 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, 155.18, 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 153.64, target 155.18, Stop Loss @ 153.28 Details
  • If 153.64 begins to break higher, the technical summary data tells us to buy SPOT just slightly over 153.64, with an upside target of 155.18. The data also tells us to set a stop loss @ 153.28 in case the stock turns against the trade. 153.64 is the first level of resistance above 153.03, and by rule, any break above resistance is a buy signal. In this case, 153.64, 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 153.64, target 153.01, Stop Loss @ 154. Details
  • The technical summary data is suggesting a short of SPOT if it tests 153.64 with a downside target of 153.01. We should have a stop loss in place at 154 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, 153.64, 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 Sa (SPOT) available here: SPOT.

SPOT Ratings for June 07:

Term →Near Mid Long
Rating Strong Strong Strong
P1 0 0 107.32
P2 153.64 150.31 129.93
P3 157.19 155.18 153.01
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AI Generated Signals for SPOT

SPOT Long Term Analysis for June 7 2023

Blue = Current Price
Red= Resistance
Green = Support

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Spotify Technology Sa (NASDAQ: SPOT) report below can help you understand how to do this. The trading plans for SPOT, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.