Spotify Technologys stock price (SPOT) rose in the intraday levels, tackling the pivotal resistance of $313.16, amid the dominance of the main upward trend in the medium term, with positive support from trading above the 50-day SMA, coupled with positive signals from the RSI despite reaching overbought levels.

Therefore we expect more gains for the stock, targeting the nest resistance at $340.60, provided the resistance of $313.16 is reliably pierced.

Trend forecast: Bullish