Spotify Technologys stock price (SPOT) returned higher in the intraday levels, tackling the pivotal resistance of $313.16, amid positive pressure from the 50-day SMA, with the dominance of the main upward medium-term trend, coupled with positive signals from the RSI after reaching oversold levels.

Therefore we expect more gains for the stock, targeting the first resistance at $340.60, provided the resistance of $313.16 was reliably breached.

Trend forecast: Bullish