On February 10, 2022, 12:29 p.m., the Spotify share is listed on its home market Xetra at a price of EUR 152.4. The company belongs to the Telecommunications Services segment.
In a complex analysis process, analysts at our company rated Spotify based on a total of 4 evaluation criteria. All individual criteria lead to a classification as “Buy”, “Hold” or “Sell”. From this, a general classification of the share is calculated in the final overall assessment.
1. Investors: Investor sentiment is based on discussions and interactions by market participants on social media related to the stock market. Spotify has been discussed particularly negatively in the last two weeks. On four days, the discussion was mainly characterized by positive topics, while on nine days negative communication predominated. Currently, during the past day or two, it is mainly positive topics that investors are interested in. Based on this mood picture, the stock gets a “hold” rating today. This gives Spotify an overall “Hold” rating based on the Investor Sentiment Barometer.
2. Relative Strength Index: The Relative Strength Index (RSI) is a well-known means of technical analysis to assess whether a security is currently “overbought” or “oversold”. It compares price movements over time. We consider the 7-day and 25-day RSI for Spotify. Let’s start with the 7-day RSI, which is currently 64.41 points. That means Spotify isn’t currently overbought or oversold. The stock is therefore classified as “Hold”. What about the 25-day RSI? Here, too, Spotify is neither overbought nor -sold (value: 64.14), so the stock also receives a “hold” rating for the RSI25. The bottom line is that Spotify is rated “Hold” for this point of our analysis.
3. Technical analysis: The average closing price of the Spotify share for the last 200 trading days is currently EUR 203.36. The last closing price (EUR 152.4) deviates by -25.06 percent, which corresponds to a “sell” rating from a technical point of view. Let’s look at the average from the last 50 trading days. For this (EUR 190.89), the last closing price is also below the moving average (-20.16 percent deviation). The Spotify share is therefore also given a “Sell” rating on this short-term basis. The bottom line is that the Spotify share receives a “sell” rating for the simple chart technique.
Should Spotify S Investors Sell Immediately? Or is it worth getting started?
How will Spotify S evolve now? Is your money safe in this stock? Find out the answers to these questions and why you need to act now in the current analysis of the Spotify S share.
Spotify S: Buy or sell? Read more here…
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