Stock of the day: Spotify
23 September 2025
In today’s stock of the day, let’s focus on Spotify, which recently delivered a strong technical buy signal. The stock had been coiling inside a symmetric triangle pattern, marked with red lines, since mid-summer. This period of consolidation reflected reduced volatility and growing pressure for a breakout. Last week, the move finally arrived — price escaped to the upside, completing the triangle and giving buyers the upper hand.
What matters now is how Spotify behaves after this breakout. Importantly, the price is holding above the broken upper boundary of the formation, showing that bulls are defending this level. As long as the stock trades above the triangle’s resistance-turned-support, sentiment remains decisively positive. This ongoing defense increases the chances of further gains and confirms the breakout wasn’t just a temporary spike.
Looking ahead, the outlook for Spotify is bullish. The breakout itself was a key technical signal, but the sustained price action above the triangle strengthens the long-term buy case. Momentum is clearly on the side of buyers, and unless the stock falls back inside the pattern, this move points toward higher levels in the sessions to come.