New Sell signal · US stocks
Spotify drops 7.3% and loses its 20- and 100-week averages: a new Sell signal
Our view last week
Volume has flipped again: after 98% on the sell side last week, 62% of trading swung back to buyers and Spotify stock closed the week up 0.1%, halting a 3-week slide. Technical analysis still calls for caution, though: the weekly candle is indecisive, with a small body, and the price keeps working below its 50-week average. The trade stands at -1.9% from entry.
This week's summary
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.
IQS Phase
62
ordinary
Signal Strength
88
decline starting to make lower lows
Sizing
STANDARD
Ranking
#9 / 175
New us stocks
Trade P&L %
+0.00%
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 9th among the 175 sell signals for US stocks in our ranking, with a signal strength of 88 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein strong phase
Performanceweekly +1.80% · monthly +8.83%
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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