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Spotify
Spotify +4%Spotify offers digital copyright restricted recorded music and podcasts, including more than 82 million songs, from record labels and media companies. As a freemium service, basic features are free with advertisements and limited control, while additional features, such as offline listening and commercial-free listening, are offered via paid subscriptions. Spotify is currently available in 180+ countries, as of October 2021. Users can search for music based on artist, album, or genre, and can create, edit, and share playlists.
Spotify is available in most of Europe, as well as Africa, the Americas, Asia and Oceania, with a total availability in 184 markets. The service is available on most devices including Windows, macOS, and Linux computers, iOS and Android smartphones and tablets, smart home devices such as the Amazon Echo and Google Nest lines of products and digital media players like Roku.
Spotify (NYSE: $SPOT) Could Double Before End Of 2022! 👌Spotify Technology S.A., together with its subsidiaries, provides audio streaming services worldwide. It operates through Premium and Ad-Supported segments. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers. The Ad-Supported segment provides on-demand online access to its catalog of music and unlimited online access to the catalog of podcasts to its subscribers on their computers, tablets, and compatible mobile devices. The company also offers sales, marketing, contract research and development, and customer support services. As of December 31, 2021, its platform included 406 million monthly active users and 180 million premium subscribers in 184 countries and territories. The company was incorporated in 2006 and is based in Luxembourg, Luxembourg.
SPOTIFY (Y22.P1.E1).Has a deep correction finishedHi All,
I saw someone tweet that its time to buy Spotify and something about Joe Rogan.
When people sell off in such a way, its usually to fear.
I think this is a typical selloff after its reached its target and the cycle it to start again, reaccumulation.
The fib and the previous resistance level makes sense to enter and also can be a bear trap as a descending wedge could play out.
I will not mention when to buy but 157 looks like a good level. One might wait to place 2 levels of orders... at 157 and the other, after you see a bounce and a regain of the level as per my price path on the chart.
Also note how RSI on the daily is way down below oversold conditions.
All the best,
S.SAri
SPOTIFY - Monthly Demand ContactedNYSE:SPOT
SPOT has contacted Monthly Demand and is in line with the Monthly Demand that the S&P 500 has contacted.
There are several stocks that are currently aligned with the Monthly Demand of the S&P 500 ** See my profile for more stock scenarios**
SPOT has the potential to rocket with institution demand coming into play. This trade has the potential to reach new highs in the long term.
As we reach PEAK FEAR in the markets, we are liking to have reached a bottom on the S&P 500
Spotify Setup Going into MarchSPOT is in an interesting position and testing a pretty important area of support when compared to it's price action in 2019. The recent selling pressure across the tech sector briefly pushed this stock back into the prior horizontal price channel (accumulation zone of 2019), and is trying to test this support zone between $148-$152 as we go into March.
Bullish Scenario:
SPOT would have to break above the 50 and 100 MA going into March, and hold levels above the midline of it's current descending channel in order to build bullish momentum back up to $200. Considering the volatile price bounce across the major indexes over the last two days, I think it is possible that the 100MA is tested (~$160), but going into March I expect that bullish positions will be hampered by the anticipation of interest rate hikes from the Fed.
Bearish Scenario:
Assuming that SPOT successfully tests the 100 MA over the next two weeks but is unable to hold above those levels, I see a very plausible case where price begins to fall back into 2019's horizontal channel as the markets begin to react to the Fed's expected interest rate decision. I'm considering this to be the more plausible of the two scenarios.
IPO price supportNext earnings will be better than anticipated due to the Joe Rogan/medias pessimism.
Based on my observation user numbers should be up significantly from the controversy rather than down.
Company has been making aggressive investments for growth as priority rather than focusing on bottom line for now.
Price/Sales = 2.86
Price is back to around IPO price, a good base for a bottom.
Potential Hidden bull div on the monthly.
TP1 239
TP2 314
TP3 464
SPOT Spotify Price Target after H&S and Joe Rogan controversyToday you will probably have the chance to buy SPOT at the price of its IPO in 2018.
But the price target, in my opinion, it`s even lower.
Looking at the Head and Shoulders Bearish chart pattern combined with the Joe Rogan controversy that has exposed Spotify’s weaknesses, i would say $126 per share is my buy area.
Looking forward to read your opinion about it.
Spotify exploding back higher. My expectations.Hi everyone,
Let's take a look at current price action of NYSE:SPOT .
The stock is up 12% on the day with the highest volume in a while.
Price is currently at 193 .
The zone of 190-214 is a no man's land. Price has cut through this zone in the past, both on the way up and down. That's due to thin volume profile structure.
We take 196 , we go higher fast, up to next solid supply zone of 215-220 .
Then I expect a consolidation for a while between 220 and 244 .
Ultimately price should gravitate towards the POC of the last 2 years at 266 .
Beware of the earnings call in 2 days! Today might be one of those pre-earnings pumps.
As always, trade wisely and good luck!
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Disclaimer!!!
This is not financial advise.
Spotify (NYSE: $SPOT) Flexing By Bouncing Off 0.786 Fib! 💪Spotify Technology S.A., together with its subsidiaries, provides audio streaming services worldwide. It operates in two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers. The Ad-Supported segment provides on-demand online access to its catalog of music and unlimited online access to the catalog of podcasts to its subscribers with no subscription fees. The company also offers sales, marketing, contract research and development, and customer support services. As of December 31, 2020, its platform included 345 million monthly active users and 155 million premium subscribers in 93 countries and territories. The company was founded in 2006 and is based in Luxembourg, Luxembourg.
Spotify did NOT LOSE ~$4B BECAUSE of Neil YoungOn the 26th of Jan 2022, Neil Young requested Spotify remove his music from their platform.
Neil Young Press Release
Lots of misleading news then circulates the web, suggesting that Spotify lose $4billion in stock value due to Young's decision to leave Spotify in protest against hosting Joe Rogan.
These charts just serve to prove and demonstrate that the market has been in a downward trend, not just for Spotify, but for many many others.
Likewise these charts serve to disprove that Spotify lost $4Billion BECAUSE of Neil Young's.
Sample Misleading News
FOREX PRESS
Reddit
SanFrancisco Chronicle
Spotify Analysis 14.01.2022Hello Traders,
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