Technical Outlook of Spotify Technology S.A.

Spotify Technology SA a Luxembourg-based company, which offers digital music-streaming services. The Company enables users to discover new releases, which include the latest singles and albums; playlists, which include ready-made playlists put together by music fans and experts, and over millions of songs so that users can play their favorites, discover new tracks and build a personalized collection. Users can either select Spotify Free, which includes only shuffle play, or Spotify Premium, which encompasses a range of features, such as shuffle play, advertisement free, unlimited skips, listen offline, play any track, and high-quality audio. The Company operates through a number of subsidiaries, including Spotify LTD and is present in over 20 countries. (Source Reuters) 

There is a bullish trend with an upward momentum for this stock. For a daily investment approach, the technical indicators and the moving averages show a buy signal. Also, for a monthly investing move the technical indicators and moving averages show a potential buy signal. According to the technical analysis which we have done, our research team suggests a potential buy signal.