Spotify Stock Holds Uptrend at $533 as Hourly Momentum Fades

Spotify stock remains constructive heading into the next session, even as short-term momentum cools. The daily chart still favors buyers, with price above every major moving average. The hourly and 15-minute pictures show a market digesting gains rather than accelerating. That contrast defines the current setup.

Key takeaways

• SPOT closed at 533.13, above the daily EMA20 (502.58), EMA50 (492.27) and EMA200 (523.92).
• Daily RSI14 sits at 61.17, with MACD (9.52) above its signal (5.97) and a positive histogram of 3.56.
• The hourly MACD shows a bearish crossover, with a negative histogram of -1.21, signaling cooling short-term momentum.
• Daily support sits at 527.19, while resistance stands at 541.98 and the daily pivot at 536.04.
• The daily ATR14 of 25.12 points to elevated volatility despite the intact uptrend.

Spotify Stock: Daily Structure Still Favors the Bulls

The daily structure for Spotify stock remains bullish. SPOT closed at 533.13 after opening at 537 and printing a session high of 544.89. The candle is mildly bearish, closing below the open. Still, the broader structure tells a different story.

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