SPOT Technical Signal Analysis
SPOT have 3 buy signals and 3 sell signals now. The current trend is uptrend starting from 2025-03-10. The total price change during this trend is +9.52%. Recently, the price has increased but the volume has decreased, indicating a potential warning signal. The average turnover of SPOT over last 5 trading day is $2,106,845,283.72
3 Bullish Signal
3 Bearish Signal
Name
Signal
Value
Meaning
Stochastic Oscillator %K (14, 3, 3)
STOCHk_14_3_3 < 20
17.69
Bullish
Moving Average
Price crosses above 5-day SMA
--
Bullish
Moving Average
Price crosses above 60-day SMA
--
Bullish
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-56.54
Bearish
Momentum (10 days)
MOM_10 < 0
-67.29
Bearish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-11.53
Bearish
3 Bullish Signal
Name
Signal
Value
Meaning
Stochastic Oscillator %K (14, 3, 3)
STOCHk_14_3_3 < 20
17.69
Bullish
Moving Average
Price crosses above 5-day SMA
--
Bullish
Moving Average
Price crosses above 60-day SMA
--
Bullish
SPOT Support and Resistance Level
The support levels for SPOT are at 501.43, 467.71, and 413.11, while the resistance levels are at 610.62, 644.34, and 698.93. With the current stock price at 540.08, it is leaning more toward the support levels.
SPOT Technical Analysis
Technical Analysis of SPOT Stock
Price Overview:
- Current Price: $529.30 (as of 2025-03-07)
- Close: $532.10
- High: $548.84
- Low: $506.49
- Volume: 3,827,023
Technical Indicators:
- RSI (14): 36.36 (Oversold)
- MACD: 1.38 (Positive, but signal line is negative)
- Stochastic Oscillator: 22.73 (Oversold)
- Fibonacci Levels:
- Resistance (R1): $618.16
- Support (S1): $526.42
- Pivot Point: $572.29
Analysis:
The stock is currently trading below the pivot point, indicating bearish momentum. However, the oversold RSI and Stochastic Oscillator suggest a potential reversal. The Fibonacci support level at $526.42 could act as a strong buy signal if the price bounces from this level.
Recommendation:
Buy SPOT stock at the support level of $526.42 with a target price of $572.29.
SPOT FAQs
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Which bearish technical signals does SPOT have?
How reliable is technical analysis?
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Is SPOT a buy based on overall technical signals summary?
SPOT Buy or Sell
SPOT has 3 buy signals and 3 sell signals now. Overall the technical rating for SPOT is Neutral.
Neutral
Sell
3
Buy
3
SPOT Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a positive trend with the 540.08 above the SMA_5. In the short term, the stock shows a negative trend with the 521.81 below the SMA_20. In the mid term, the stock shows a positive trend with the 590.82 above the SMA_60. In the long term, the stock shows a positive trend with the 533.36 above the SMA_200.
Swing
Positive
Stock Price Above SMA_5
Short Term
Negative
SMA_5 Below SMA_20
Mid Term
Positive
SMA_20 Above SMA_60
Long Term
Positive
SMA_60 Above SMA_200
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What do technical indicators suggest about SPOT's current trend?What are SPOT's key support and resistance levels?