Founded in 2006 and is based in Luxembourg, Spotify Technology S.A. provides audio streaming services in the United States, the United Kingdom, Luxembourg, and internationally through two segments, Premium and Ad-Supported. The company offers unlimited online and offline high-quality streaming access to its catalog of music and podcasts without commercial breaks to its subscribers as well as on-demand online access to its catalog of music, podcasts to its subscribers with no subscription fees.
One of the momentum tech names on the Nasdaq, SPOT Stock Options have weekly expirations and trade in increments of $2.50.
2020 Range: (109.18 – 346.44)
2020 Close: 314.66
Get this week and next week’s SPOT Options Trade Forecast view by clicking here
Weekly Chart
Daily Chart
5 Day Chart
Get the SPOT Monthly and LEAP Options Trade Forecast view by clicking here
Pivot Points
(updated weekly after Friday’s close)
| Support/Resistance Levels | Price | Key Turning Points |
|---|---|---|
| 52-Week High | 387.44 | |
| 14 Day RSI at 80% | 344.68 | |
| 316.48 | 38.2% Retracement From 52 Week High | |
| 13-Week High | 305.60 | |
| 294.56 | 50% Retracement From 52 Week High/Low | |
| 14 Day RSI at 70% | 286.58 | |
| 272.64 | 38.2% Retracement From 52 Week Low | |
| 271.37 | 38.2% Retracement From 13 Week High | |
| 260.80 | 50% Retracement From 13 Week High/Low | |
| 1-Month High | 253.05 | |
| 250.23 | 38.2% Retracement From 13 Week Low | |
| 240.11 | 14 Day RSI at 50% | |
| 238.90 | 38.2% Retracement From 4 Week High | |
| Last | 236.63 | Last |
| 234.52 | 50% Retracement From 4 Week High/Low | |
| 230.15 | 38.2% Retracement From 4 Week Low | |
| 13-Week Low | 216.00 | |
| 1-Month Low | 216.00 | |
| 52-Week Low | 201.68 | |
| 14 Day RSI at 30% | 198.26 | |
| 14 Day RSI at 20% | 145.96 |
10 Day / 15 Min Chart
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One day you will wake up, check your phone and see futures down 1-2%. You think they will go green but they dont. The market opens and starts cascading down. The dip is bought as a Pavlovian response yet we sink further. Everyone realizes “this is it” and heads to the exit….
