Spotify's Spending Plan Strains Profit Expectations, Growth Slows in Europe and North America
📊 SPOT — Piyasa Yorumu
▼ down · 70%The headline indicates that Spotify's spending plans are straining profit expectations amid slowing growth, which could exert negative pressure on the stock. Technical indicators support this view: the RSI at 38 is near oversold territory but has not yet signaled a recovery, the MACD is below zero and below its signal line, and the price is trading below both the 20-day and 50-day moving averages, pointing to short-term weakness. A 1.72% decline in the last 24 hours suggests continued selling pressure. Therefore, a continued downward movement in the short term can be expected.
📊 GOOGL — Piyasa Yorumu
▼ down · 60%The news headline indicates that Spotify's spending plans are straining earnings expectations and growth is decelerating. This could signal a generally negative sentiment in the technology sector and may also impact GOOGL shares. Technically, the RSI is approaching overbought territory at 67.7, and the MACD is below the signal line, increasing the likelihood of a short-term correction. Following a 9.76% rise in the last 24 hours, profit-taking may occur. Therefore, a downward movement can be expected in the near term.