Spotify suffers from negative pressures - Analysis - 14-06-2022

2022-06-14 11:48:03 GMT (Economies.com)
 

Spotify's stock (SPOT) declined in the intraday levels after announcing plans to acquire AI platform Sonantic, with the stock sliding 3.54%, or 3.62 points, settling at 98.61, with trading volumes matching 10-day averages at 2.4 million shares. 

 

The main downward trend continues to dominate in the medium and short terms, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI.

 

Therefore we expect more losses for the stock, targeting the pivotal support of 89.00, provided the resistance of 118.20 held on.

 

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Expected trend for today: Bearish 

 
 
 
  Symbol Last Change Chg.%
1.0497
-0.0093
0.8741%
1.2180
-0.0125
1.0156%
22.610
-0.547
2.362%
72.680
-8.795
10.795%
77.87
0.70
0.91%
1782.765
-12.795
0.713%
 
 
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