Sell signal · week 2 · earnings on October 22
Spotify jumps 11.9% and snaps its run of lower highs on the daily chart
Our view last week
A 7.3% weekly drop wiped out last week's pause and pushed Spotify stock below its 20-week and 100-week averages, both in the 504 area, with a fresh 30-day low confirmed at the weekly close. That triggered a new Sell signal, while money flow turned negative after 8 weeks above zero. Our technical analysis calls for caution: the price is hugging its lows, and the quality band rates opening a short here as high-risk for this US stock.
This week's summary
An 11.9% rebound turned the week around: on the daily chart the run of 3 lower highs has been broken, and Spotify stock is back above its 100-week average, in the 504 area, lost just 7 days ago. The Sell signal triggered that same week is already fading: strength collapses from 88 to 5 out of 100 as the price climbs back to the edge of the Inversion Point. Our technical analysis reads it as a trade setup not worth chasing, with earnings on October 22 just ahead.
Sell signal in observation
·2nd week from start
·US stocks
·T2
·📅 Earnings · Oct 22
★ See Gold version →
IQS Phase
45
ordinary
Signal Strength
5
decline fading out
Sizing
MINIMUM
Ranking
#121 / 174
US stocks sell signals
Trade P&L %
-11.89%
from signal to date, no stop loss
Spotify Technology (SPOT) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 121st among the 174 sell signals for US stocks in our ranking, with a signal strength of 5 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein strong phase
Performanceweekly -0.52% · monthly +5.81%
SPOT belongs to the growth tech sector (reference ETF XLK). The sector is classified in strong phase according to our weekly reading.
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