Spotify Technology S.A.
Here’s whether Spotify Technology S.A. (SPOT) is worth buying in 2026 — based on weekly-updated price trend, RSI momentum, and return vs. the S&P 500. Our current read: Bearish.
Positives: above the 50-day MA (medium-term momentum positive); 3-month momentum positive (+11.6%). Concerns: trading below the 200-day MA (long-term downtrend); 50-day MA is falling (-3.28% over 10 days); RSI 75 — overbought, elevated pullback risk; weak 1-year return of -18.4%. Currently 33.8% off its 52-week high. Score: -3/7.
SPOT is trading below its 200-day MA ($574.57) — a key warning sign the longer-term trend is under pressure. With an RSI of 74.7, momentum has stretched into overbought territory — short-term pullbacks are common from these levels. The 1-year return of -18.4% compares to +27.9% for SPY (trailed the market by 46.2%). The current 33.8% drawdown from the 52-week high reflects elevated risk for momentum-based strategies.