Looks like a double topLooks like SPOT made a double top on the weekly and RSI has overheated. The support I'm looking for is $348.
SPOT/N trade ideas
SPOT Spotify Technology Options Ahead of EarningsIf you haven`t entered SPOT in the potential Buy area:
Now analyzing the options chain and the chart patterns of SPOT Spotify Technology prior to the earnings report this week,
I would consider purchasing the 420usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $20.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Keep an eye on SPOTSpotify is testing ath. Momentum is good and a slighly higher volume tells us there is a chance of breaking out for new, undefined, highs.
In a positive climate in general we will probably see a new ath.
SPOT from $385 to $359MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM Squeeze in in play.
I hold until target is reached or end of year, when I can book a loss.
So...
Here's why I'm picking this symbol to do the thing.
Price at top of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at overbought level
TTM Squeeze is off
TTM Squeeze momentum is high
VBSM is turning positive negative
Impulse MACD is flat crossing over to the upside downside
Price at near Fibonacci level
In at $385.43 (will add to position at $396 if reached)
Target is $359 or channel bottom
SPOTIFY to resume the uptrend and target $400.Spotify (SPOT) tested and held the 1D MA50 (blue trend-line) on Monday. This is the second progressive MA hold it makes after rebounding on the 1D MA100 (green trend-line) on July 18 2024.
The latter technically was a Higher Low on the nearly 2-year Channel Up pattern that has posted two cycles of Bullish Legs within that time span of around +160% each. The 1D RSI is posting a similar Bull Flag as in September - October 2023, so we might be in the same symmetry as that price action.
As you can see, that fractal rose to above the 1.5 Fibonacci extension following a 1D MA50 rebound, so if the current price action replicates it, we should see $400 by early November.
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Once again, SPOT MA50 saves the daySPOT is headed to 400/470 before June 2025 in my humble opinion.
I have highlighted in green, the area where VPA concepts imply bottoms, which are coincidentally on the daily MA50. This is bullish.
I also like that this ticker is strong on ES and NQ weak days, and is pretty stable usually on the ES and NQ stronger days.
I like the contracts at lows, some people like to short at supports hoping for a breakdown.
"when in doubt, zoom out" - Larger time frames are still bullish, and you won't catch me shorting this stock.
Not financial advice, Thoughts of July10,2024
i.wish for a drop in SPOT to accumulate its common sharesSpotify continues to execute on initiatives that put the company on a positive revenue, gross margin, operating income and FCF trajectory. The company clearly is at an inflection point, which has been driving share price performance over the past year and a half. We are confident in the sustainability of this momentum highlighted by recent price increases that should partially flow through to gross margin. Spotify has raised prices twice in less than a year in the US (and a few other global markets, including the UK and Australia), indicating confidence in the company’s ability to grow subscribers and mitigate churn on the platform. In addition to price increases, SPOT has monetization and margin expansion opportunities from introducing pricing tiers (e.g., music-only, “Supremium”) and features as the company scales new businesses like audiobooks.
7/21/24 - $spot - I don't get it. Pass.7/21/24 :: VROCKSTAR :: NYSE:SPOT
I don't get it. Pass.
- 60x PE
- good > 20% growth - nice.
- horrible gross margins (they pay a lot to creators, obviously)
- best in class product - great
- seeing some opex leverage lately - great
- a ton of stock option dilution to the FCF generation (almost all of it) - not ideal but stonk doing fine which actually gets a bit of a pass
- i understand those who hold this thing, in earnest i'd like to find an entry. but don't think the r/r in this print makes sense
- i'm also getting the sense i'm going to be more bearish generally this EPS (but let's see) on the stuff i review which will draw some colorful comments lol bring it
- wish the holders some luck here but i'm on the sidelines.
have a good week to those reading this esp my fam
V
SPOT Spotify Technology Options Ahead of EarningsIf you haven`t sold the Head and Shoulders bearish chart pattern on SPOT:
nor bought calls before the previous earnings:
Now analyzing the options chain and the chart patterns of SPOT Spotify Technology prior to the earnings report this week,
I would consider purchasing the 290usd strike price Puts with
an expiration date of 2024-8-16,
for a premium of approximately $15.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
SPOT June 6, 2024: A New Point at a New HighNYSE:SPOT broke out of a base since April 2024 (40 sessions) with strong volume, after the news of raising price.
While the overall market is still quite volatile with many failed breakouts, I think we can try to open a new position here with this stock.
Spotify is my favorite Music App and at wholesale levelI'm not being biased, just charting. I like Spotify because it creates music in genres I like and mixes it up. The low is $279 aka wholesale in green, and the high is $374 seen in red.... remember to sell into strengths .
SPOT pushing the hourly boz zone here. Could breakout any minuteThis is illiquid and moves fast during mark ups as seen in past price action. I'm aiming for 330 - 360 depending on strength. Increase in revenues coming and nobody cares about the FTC headlines.
NFA - My opinion
SPOT to 400 before end of year?SPOT is toying around with some AI softwares and I see some really lucrative AI advancements for many major companies across the board. SPOT is superior to Apple music ofc. no doubt there
considering recent 1hr wicks I'd say theres some manipulative signs of accumulation and we're holding strong just underneath the resistance. Let's get this bread
NFA - Always just my thoughts
SPOT, 4/25-5/8, 9.5% ProfitOn 4/23/2024, Spotify Technology S.A. (SPOT) reported earnings of $1.05 per share on revenue of $3.95 billion for the first quarter ended March 2024. The consensus earnings estimate was $0.63 per share on revenue of $3.87 billion.
SPOT Spotify Technology Options Ahead of EarningsIf you haven`t entered SPOT in the buy area:
nor before the previous earnings:
Then analyzing the options chain and the chart patterns of SPOT Spotify Technology prior to the earnings report this week,
I would consider purchasing the 270usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $20.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Spotify Surges 14% As it Tops Earnings Target In First QuarterSpotify Technology ( NYSE:SPOT ), the foremost music streaming service, has reported an improvement in profitability for the first quarter of the year. During the March quarter, the company added 3 million premium subscribers, bringing the total number of paying subscribers to 239 million globally, which is in line with expectations. The number of monthly active users, however, was slightly lower than the Wall Street target at 615 million, although this still represents an increase of 19% compared to the previous year.
Spotify ( NYSE:SPOT ) provides an ad-supported service in addition to a commercial-free subscription service. For the March quarter, the company reported earnings of $1.05 per share on sales of $3.95 billion in euros. Analysts polled by FactSet had expected the company to earn 67 cents per share on sales of $3.85 billion. In comparison, the company had incurred a loss of $1.27 per share on sales of $3.34 billion for the same period in the previous year.
Daniel Ek, the CEO of Spotify, stated, "We've talked about 2024 as the year of monetization, and we're delivering on that ambition. Now, as we've shifted our focus to concentrate on strong revenue growth and margin expansion, we see a clear opportunity to ensure that we are continuing to grow the top of our funnel. I feel good about the changes we are implementing and remain very confident in our ability to reach the ambitious plans we've outlined."
Following the announcement, Spotify's stock rose by 14%, with investors responding positively to the news of the improved profitability. The company's stock has been rising this year as it focuses on generating profits, with Morgan Stanley analyst Benjamin Swinburne stating that the company is "just beginning to inflect towards profitability and free-cash-flow generation."
They Have Some Large Shoes To Fill...After a 350% run to the up side from the October 2022 lows, Spotify has rocketed off of unprofitability and hopes to be profitable.
Last quarter it has a expected .674 earnings per share and a revenue estimate of 3.895 B.
Even if this stock beats both (somehow) it still needs to show a crazy guidance for the next quarter.
My fundamental reason (this is a joke (SORTA)) is that do humans listen to more or less music during the summer months? Are we outside more listening to more music or does the streaming counts drop due to a group of friends listening to music together.....
SPOT April 3, 2024: Breaking into New HighOn April 3, 2024, NYSE:SPOT broke out into new high which provide an entry opportunity.
SPOT Don’t short this yet! Falling wedge into earnings right below monthly fib levels. Earning may push this higher where institutions may be looking to liquidate their warehouses.
