Is Spotify Technology SA technically bullish or bearish?
As of September 9, 2025, Spotify Technology SA shows a mildly bullish technical trend, with mixed MACD signals, bullish Bollinger Bands, and strong performance, significantly outperforming the S&P 500 year-to-date and over the past year.
As of 9 September 2025, the technical trend for Spotify Technology SA has changed from bullish to mildly bullish. The weekly MACD is mildly bearish, while the monthly MACD is bullish, indicating mixed signals. The Bollinger Bands are bullish on both weekly and monthly time frames, and daily moving averages are bullish as well. Dow Theory shows a mildly bullish stance on the weekly chart but no trend on the monthly. The KST is mildly bearish weekly but bullish monthly, and the OBV is mildly bullish monthly with no trend weekly.In terms of performance, Spotify has significantly outperformed the S&P 500 across multiple periods, with a year-to-date return of 64.09% compared to the S&P 500's 12.22%, and a one-year return of 113.43% versus 17.14%. Overall, the current technical stance is mildly bullish, supported by strong monthly indicators and solid performance against the benchmark.
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