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Technical Outlook of Spotify Technology S.A.


Spotify Technology SA a Luxembourg-based company, which offers digital music-streaming services. The Company enables users to discover new releases, which include the latest singles and albums; playlists, which include ready-made playlists put together by music fans and experts, and over millions of songs so that users can play their favorites, discover new tracks and build a personalized collection. Users can either select Spotify Free, which includes only shuffle play, or Spotify Premium, which encompasses a range of features, such as shuffle play, advertisement free, unlimited skips, listen offline, play any track, and high-quality audio. The Company operates through a number of subsidiaries, including Spotify LTD and is present in over 20 countries. (Source Reuters) 

There is a bullish trend with an upward momentum for this stock. For a daily investment approach, the technical indicators and the moving averages show a buy signal. Also, for a monthly investing move the technical indicators and moving averages show a potential buy signal. According to the technical analysis which we have done, our research team suggests a potential buy signal. 
buy
Spotify Technology SA

Start price
Target price
Perf. (%)
€229.45
30.11.20
-
30.11.21
14.19%
03.12.20

Spotify Technology SA Stock

€244.50
1.240%
There is an upward development for Spotify Technology SA compared to yesterday, with an increase of €3.00 (1.240%).
With 40 Buy predictions and not a single Sell prediction Spotify Technology SA is an absolute favorite of our community.
As a result the target price of 259 € shows a slightly positive potential of 5.93% compared to the current price of 244.5 € for Spotify Technology SA.
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THE FINANCE CLUB OF UNIVERSITY OF MACEDONIA, THESSALONIKI, GREECE      
 
The Finance Club of University of Macedonia  - www.financeclub.gr is an independent non-profitable student organization founded by students of the University of Macedonia, Greece (UoM - www.uom.gr) that aims to build strong relations between the market and the University. Though based in the University of Macedonia, it also operates via associates in Aristotle Universit
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