KEY POINTS i. Spotify to cut headcount by 17% amid economic challenges, aiming for a leaner, more efficient structure for future growth. ii. CEO Daniel Ek emphasizes strategic investment and resourcefulness. Spotify Technology S.A. CEO Daniel Ek announced significant organizational changes, including reducing the company's headcount by approximately 17%. The...
KEY TAKEAWAYS i. Spotify laid off 17% of its workforce in a third round of job cuts as it moves to contain expenses. ii. The streaming music service already reduced headcount in January and June. iii. CEO Daniel Ek blamed a changing economic environment that has created slower growth and higher capital costs. Spotify Technology (SPOT) shares soared over 7% in...
Spotify (SPOT) opened considerably higher yesterday but almost closed the 1D candle flat as it couldn't diverge more from the general bearish market sentiment. Clearly this opening jump indicates the stock bias to continue the bullish leg of the Channel Up that started on October 23, but a small pull-back along the majority of the market is probable, which can...
All stocks go thru 4 stages, sometimes each stage can last months or even years, and it's not always easy to recognize like it is on this chart. Stage 1: Accumulation - buyers coming in stopping the down fall, and the stock starts trading sideways. (Wait) Stage 2: Markup - Bullish phase, where traders and institutions start buying the up trend. (Buy) Stage 3:...
Trade Plan for Spotify ( NYSE:SPOT ) Reasons for the Trade: Positive earnings report. Strong consumer sentiment. Formation of a Bullish PEG candle. Notable sell-off in alignment with the broader market. The stock's performance offers potential for both long and short opportunities. Price retracement to the critical level of 159.50 (or rounded 160). A substantial...
SPOT chart for earnings. IMO, it probably see a rejection around 152ish and then drops down to buy zone 1. After buy zone 1, the return takes it back around 142-147. Due to the nature of earnings, we could potentially see the drop to 126 all within the AH Earnings potentially takes it down all the way to 102. It's hard to say that earnings pumps, and the...
Spotify opened on a huge price jump following the much better than expected EPS and is approaching the July 19th High (182.65). Technically it turned bullish on its 1D outlook (RSI = 65.875, MACD = 1.600, ADX = 16.057) and a new long term uptrend seems secured as yesterday's rebound started after a clear hit and bounce on the HL trendline. Price wise it looks...
If you haven`t sold SPOT here: Then analyzing the options chain and the chart patterns of SPOT Spotify Technology prior to the earnings report this week, I would consider purchasing the 155usd strike price in the money Puts with an expiration date of 2023-11-17, for a premium of approximately $12.70. If these options prove to be profitable prior to the earnings...
Spotify has put in a confirmation of an existing level as resistance once again. Along with this it is showing clear bearish divergence and and two clear bearish candlestick patterns. This is exactly what we look for when we try and take a trade. So the trade is easy, we enter at the price today after a small retrace up, then our stop is above the level and the...
Looking at Spotify here for a potential head and shoulders-like reversal. I still think the communications sector needs to correct a bit before advancing so I think that could translate to NYSE:SPOT here.
Since 2019, the world's largest audio streaming company, Spotify (SPOT 0.73%), has been pouring money into the podcasting space with hopes of diversifying its business away from purely music streaming. These investments have included acquiring podcast studios, paying for exclusive shows, and even buying entire podcast distribution platforms like Megaphone and...
Weekly Chart of Spotify In the past 150-55 level has acted as a strong resistance level for Spotify (March, July, December 2019 and in April 2022). Spotify has unsuccessfully tried to cross this level in September this year. Spotify likely to go down to 140, if not more.
SPOT has historically traded very technically. It'll break support/resistance, re-test, then continue on it's way for a while. After our latest straight-line bull run we've effectively re-tested support, and are now hitting a new long-term resistance line. If this trend continues, we'll dip down to around $135 to the next support level.
Trade idea on the the 2H chart. This is a confirmed reversal with a5 POC line and 50% retracement in confluence for one target and the pivot high for the second. I will play this with stock and also a put option for insurance. 90% of the money position in the stock and 10% in the put contract 10DTE.
11th day trade in July is NYSE:SPOT on 7/26/2023. Account is up 5.25%. Total return in July is 14.58%.
Bid at sub $30 at par with Audius Theta and STEPN apps or projects note: when an item utiizes a Celebrity to push evangalize a product you have 100 days to get out on the way up at euporia levels easier said than done.. RESET for buy back and next Campaign
Breaking .236 Fibonacci level Looking toward 157 Buy 149 Stoploss 146 1 st target 157
Spotify (SPOT) will announce Q2 earnings, with confirmed price hikes hitting subscription plans in various countries, including the US, UK, Spain, France, New Zealand, Hong Kong, and Peru. The ad-free premium plan will rise by $1 to $10.99, Duo plan by $2 to $14.99, family plan by $1 to $16.99, and the student plan by $1 to $5.99 per month. Existing subscribers...