Spotify price gathers positive momentum - Forecast today - 26-03-2024

Spotify Technology’s stock (SPOT) fell in the intraday levels, while gathering positive momentum to rise anew, amid the dominance of the main upward trend in the medium term while trading alongside the trend line in the short term, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels.

Therefore we expect the stock to return higher, targeting the resistance of 272.00, provided the support of 248.67 holds on.

Trend forecast: Likely Bullish