SPOT

Spotify ·Communication Services
527.00 live · 2026-08-27 14:56
15.0%
Brown Bear Score
13.2%
Business Conviction Score
27.4%
Position Health Score
52.0%
Chase Risk
Daily closes

Daily closes · 1Y (252 sessions) · -21.0% · range 412.75–738.53

Score trends appear once the scores have been recorded on more than one trading day.

The Businesswhat the company reports

Business & cash flow

FCF / revenue
Gross margin 0.0%
ROIC 0.0%
Forward P/E 30.4

No annual filing with both total assets and a cash-flow figure is cached for this name, so neither validated measure can be computed. FCF/revenue is shown instead, which is not the validated measure.

Price vs Earnings growth

Forward EPS growth has outpaced trailing price return by +18.8pp

Confidence 95.0/100

Takeaway Earnings growth is outpacing price — consistent with the stock not yet fully reflecting its improving forward estimates.

The Pricewhat the chart is doingTop ↑

Price Levels

StrategyWait For Pullback
Reference band 511.19 — 526.68
Protective stop 472.48 (Structure, 8.9% risk)
Support 482.18 (2 touches, 14.1% away)
Resistance (— away)

Takeaway The shares are about 14.1% above 482.18, a price buyers have stepped in at before. There is no ceiling to point to, because the stock is trading where it has not traded before and nobody has sold it at these levels. That floor has held 2 times, which is how it was spotted. If someone bought at today's price and sold if it dropped through the level below, they would be about 8.9% out of pocket. That is all this figure means — an illustration of the risk, not a price to sell at.

Levels are computed from price structure. They describe where the engine locates support and extension — they are not targets, and not advice.

Ichimoku Cloud (Adaptive)

Daily cloudPrice ABOVE the cloud | periods 8/22/45 (86% of classic 9/26/52)
LinesTenkan/Kijun BULL | cloud twist BULL
Cloud thickness78% percentile
Chikou spanAbove price from 26 periods ago
Weekly cloudPrice INSIDE the weekly cloud (context only, not scored)

Takeaway The stock is trading above its cloud — a shaded band drawn from several of its own moving averages, currently 496.83 to 507.77. Being above it means the medium-term picture is pointing upwards, and that band is the first place the stock has recent support if it slips back. Its shorter-term averages agree with that. The band is unusually wide at the moment, so it marks a broad zone rather than a single level.

Trailing returns

21 days +7.5%
63 days +7.3%
126 days +18.7%
252 days -20.8%
Below 252d high25.5%

Trend context

PositionFar above trend
ExtensionExtremely extended
Trend slopeRising
Direction of travelConverging back to trend

Takeaway Extreme upside extension above Kalman fair trend; entry risk is elevated.

Volatility

State In a squeeze
Current band width19.0% of price
Recent tightest12.7% (9 sessions ago, narrower than 81.0% of its history)
Expansion since1.49×
Band 461.37 — 558.17

Takeaway Lately this share price has been swinging around inside a range roughly 19% wide, and it recently went unusually quiet — calmer than it has been 81% of the time. When a stock goes quiet like this, its next move tends to look big by comparison. But quiet says nothing about which way it will go: Brown Bear tested calm-before-a-move as a reason to buy, and it did not work.

Repair Pathway

  1. Nearest Trigger Positive 20-day momentum acceleration repair trigger repair engine identifies this as the nearest technical repair catalyst · Broadly stable
  2. Trigger 2 EMA20 continuation hold already above Track 2 pathway: price is above a rising EMA20; sustained hold would support momentum continuation · Broadly stable
  3. Trigger 3 Relative momentum rank back above 0.45 secondary repair secondary repair catalyst could add confirmation if the primary trigger develops · Broadly stable
  4. Trigger 4 Volume confirmation above 1.5x +0.50x volume confirmation would improve confidence in the pathway · Broadly stable
  5. Trigger 5 Relative momentum rank above 0.65 +0.53 rank relative momentum leadership is not yet strong enough for the next action tier · Broadly stable

Who's Tradingthe flow behind the priceTop ↑

Insider activity

ActivityInsider selling
Buy filings0
Sell filings43
Shares sold56,348
Value sold$27.8m
Latest sell2026-08-14
FiledInsiderSharesValue
2026-08-14 Sold Jenkins DusteeChief Public Affairs Officer 2,088 $1,070,225
2026-08-14 Sold Jenkins DusteeChief Public Affairs Officer 1,722 $884,118

Open-market Form 4 purchases and sales over the last 75 days, read from SEC EDGAR Form 4. Grants, option exercises, gifts and shares withheld for tax are excluded — they are compensation mechanics, not a decision to buy or sell. Reported Form 4 activity. Brown Bear tested insider cluster-buying as a return signal and rejected it as era-unstable; shown as fact, not signal.

Volume confirmation

Volume-price trend Above its signal line
Confirmation Marginal

No absorption or distribution event in the recent window.

Takeaway Slightly more shares change hands on rising days than on falling ones, but the gap is too small to read anything into.

Options Positioning

No binary-event flag

SPOT: no binary-event flag. Near IV 34%, far IV 42% (ratio 0.82), implied move 4.0%.

Implied volatility 34% near (8d) · 42% far (113d)
Term structure 0.82× near/far
Historical volatility 46%
Implied vs historical 0.74×
Implied move ±4.0% by 2026-09-04
Implied move vs ATR 0.38×
Skew Put Skew (1.36×)
Call wall 590.00 (+11.9% away)
Put wall 300.00 (-43.1% away)
Gamma pin 400.00

Takeaway Insuring against a move in this stock costs less for the next few weeks than for the next few months, which is the normal state of affairs and suggests no particular date is worrying anyone. Options traders are positioned for a move of around 4.0% in either direction by 2026-09-04.

Chain as at 2026-08-27. This is a risk read on whether a specific event is being priced — not a directional view.

Context & Methodthe record, and how it was builtTop ↑

Relative Rotation

ImprovingLeadingLaggingWeakeningvs sectorvs SPYsector vs SPYRS-Ratio →RS-Momentum →

Stock Leadership Confirmed

Rotation health 100.0/100; Strong Rotation Tailwind.

Rotation health 100.0
Rotation strength 88.8
LegQuadrantRS-RatioRS-Mom
Stock vs sector Leading 116.6 120.8
Stock vs SPY Leading 119.9 122.3
Sector vs SPY Leading 128.0 120.4

Direction of travel: North-East / strengthening leadership

Position only. Brown Bear's RRG redesign programme is closed — five constructions, none beat an appropriate null — so this section describes where the name sits, and is not a signal.

News Headlines

  1. Loading headlines\u2026

Headlines are supplied by third-party feeds and are not written, ranked or interpreted by Brown Bear. They feed no score on this page.

Detailed Scoring

Positive signals

  • Piotroski F-score 5/9 (+5.0)
  • Altman Z-score 3.00 (+3.0)
  • High earnings quality (accrual ratio 0.000) (+1.0)
  • Track 2: MACD histogram state (4.82) (+7.0)
  • Track 2: MACD line/signal trend quality (+8.7)
  • Track 2: positive MACD trend regime (+5.8)
  • Track 2: MACD slope expanding (+4.6)
  • Track 2: relative strength trend improving (+9.5)
  • Track 2: bullish DI spread 19.5 (+7.6)
  • Track 2: ADX 13.9 and rising (+1.9)
  • Track 2: price above EMA20 by 6.5% (+3.1)
  • Track 2: EMA20 slope expanding 3.4% (+4.6)
  • Track 2: MACD histogram acceleration 2.08 (+7.0)
  • Track 2: RSI trend quality 72.6, 5-day change +19.9 (+4.9)
  • Track 2: VPT strength 0.02 (+0.4)
  • Track 2: price above EMA50 by 10.0% (+4.6)
  • Track 2: EMA50 slope improving 2.9% (+3.5)
  • Track 2: Bollinger position 0.92 (+7.0)

Negative signals

  • Track 2: weak volume for momentum setup (0.61x average)
  • Track 2: negative 20-day momentum acceleration (-0.09)
  • Weak relative momentum rank (0.12)
  • Chase risk 52.0/100 (Elevated Chase Risk): RSI 72.6, EMA20 6.5%, EMA50 10.0%, BB 0.92, distribution 4.0/100
  • FCF margin unavailable: revenue missing from fundamentals cache
  • Track 2 structural exemption: structural score 9.0/100 below the 25 quality floor; this is an unowned speculative candidate, so the universal SELL gate was skipped and the Track 2 momentum/RRG grid was allowed to evaluate instead. Structural quality here is weak by design for this kind of candidate -- treat any resulting BUY as higher risk than a Track 1 signal.
  • Chase risk 52.0/100 | Extension score 48.0/100 | Elevated Chase Risk