Trading Signals: SHOP Stock Price Prediction and Forecast

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Fri. Feb. 24, 2017

Trading Signals: SHOP Stock Price Prediction and Forecast (Mon. Oct. 26, 2015 - Fri. Dec. 22, 2023)

(Shopify Inc. )
SHOP latest price $61.7500 (-1.56%) ($60.5900 - $62.2800) on Fri. Feb. 24, 2017.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.24% (three month average)
RSI   89
Latest Price   $61.7500(-1.56%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   SHOP advances 0.2% a day on average for past five trading days.
Weekly Trend   SHOP advances 8.4% a week on average for past two weeks.
Market Behavior   Growth stock rally for large cap. Value stock sell-off for small cap.
Correlated ETFs   Broad market will support SHOP advance at 0% a week (0% probability)
IBUY(62%)    SKYY(60%)    ARKK(55%)    IWF(55%)    QQQ(55%)
Factors Impacting SHOP price   SHOP will decline at least -1.12% in a week (0% probabilities).
VIXM(-9%)    UUP(-8%)    SHY(-5%)    TLT(-3%)    IPO(-2%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.12% (StdDev 2.24%)
Hourly BBV 0 ()
Intraday Trend -0.4%

5 Day Moving Average   $62.53(-1.25%)
10 Day Moving Average   $60.32(2.37%)
20 Day Moving Average   $56.48(9.33%)
To recent high   -2.9%
To recent low   58.1%
Market Cap   $7.416b

Shopify, Inc. operates a cloud-based commerce platform designed for small and medium-sized businesses. Its software is used by merchants to run business across all sales channels, including web, tablet and mobile storefronts, social media storefronts, and brick-and-mortar and pop-up shops. The firm's platform provides merchants with a single view of business and customers and enables them to manage products and inventory, process orders and payments, build customer relationships and leverage analytics and reporting. It focuses on merchant and subscription solutions. The company was founded by Tobias Albin LÃ¼tke, Daniel Weinand and Scott Lake on September 28, 2004 and is headquartered in Ottawa, Canada.

$. SHOP price fluctuates within 8.09% (three month std-dev: 2.24%) daily (68% of days).

Sample size 10 Average positive next day return: 2.83%(60%) Average negative next day return: -3.61%(40%) Sample size 10 Average positive next three day return: 2.89%(50%) Average negative next three day return: -2.83%(50%) Sample size 10 Average positive next weekly return: 2.98%(60%) Average negative next weekly return: -2.54%(40%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20170324

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Feb_24_2017	46.03	56.48	60.32	62.53	62.68	62.47	61.75(-1.56%)	UD	OpenLong	65	-0.2	47	-20	-11	220	1.17	90%	0.41	73.3	2.24%	0	1.2	89	0
2	Feb_23_2017	45.84	55.94	59.64	62.38	62.52	63.16	62.73(-1.35%)	TP	CloseLong	-10	0.1	76	80	19	247	1.47	90%	0.42	74.4	2.24%	0	1.5	93	0
3	Feb_22_2017	45.65	55.35	58.73	61.95	61.96	62.9	63.59(0.81%)	UT	HoldLong	65	0.4	116	110	63	273	1.2	83%	0.46	77.5	2.23%	0	1.9	98	0
4	Feb_21_2017	45.44	54.62	57.67	60.45	60.65	61.88	63.08(2.54%)	UT	HoldLong	65	0.7	106	150	61	239	1.95	83%	0.53	72.5	2.32%	0	2.1	98	0
5	Feb_17_2017	45.2	53.92	56.61	59.04	58.96	61.02	61.52(0.9%)	UT	HoldLong	65	0.7	105	240	68	217	1.19	85%	0.42	71.3	2.35%	0	2.1	98	0

6	Feb_16_2017	45.01	53.32	55.66	57.78	57.74	59.43	60.97(0.59%)	UT	HoldLong	65	1	117	200	90	196	2.19	85%	0.42	71.9	2.39%	0	2.4	89	0
7	Feb_15_2017	44.82	52.77	54.76	56.51	56.33	56.89	60.61(8.14%)	UT	HoldLong	65	1.5	77	60	51	156	5.7	86%	0.38	76	2.39%	0	2.9	89	0
8	Feb_14_2017	44.65	52.21	53.77	55.06	55.44	56.05	56.05(0%)	UT	HoldLong	50	0.5	47	100	24	114	1.97	78%	0.29	84.2	2.28%	0	1.9	79	0
9	Feb_13_2017	44.52	51.87	53.25	54.48	54.79	55.77	56.05(1.5%)	UT	HoldLong	65	0.8	58	140	40	110	2.54	78%	0.29	89.8	2.36%	0	2.2	84	0
10	Feb_10_2017	44.39	51.47	52.71	53.8	54.03	54.84	55.22(1.12%)	UT	HoldLong	65	0.8	56	120	41	99	1.79	78%	0.27	88.9	2.37%	0	2.1	83	0

11	Feb_9_2017	44.27	51.13	52.32	53.18	53.25	53.81	54.61(2.32%)	UT	OpenLong	75	0.9	41	80	26	84	0.9	78%	0.23	88.4	2.38%	0	2.1	74	0
12	Feb_8_2017	44.17	50.81	51.94	52.72	52.72	53.22	53.37(0.45%)	UT	OpenLong	75	0.4	36	70	23	73	0.7	79%	0.27	101	2.39%	0	1.7	65	0
13	Feb_7_2017	44.05	50.53	51.73	52.29	52.34	52.69	53.13(0.85%)	UT	OpenLong	75	0.6	34	50	23	68	0.68	80%	0.23	110.1	2.41%	0	1.7	68	0
14	Feb_6_2017	43.95	50.24	51.36	51.83	51.89	52.23	52.68(1.07%)	UT	OpenLong	75	0.6	26	50	17	54	0.42	80%	0.27	113.4	2.42%	0	1.6	68	0
15	Feb_3_2017	43.83	49.95	51.04	51.43	51.46	51.99	52.12(-0.38%)	UD	OpenLong	75	0.4	24	70	15	49	0.77	70%	0.23	116.2	2.46%	0	1.4	73	0

16	Feb_2_2017	43.73	49.73	50.83	51.31	51.16	51.54	52.32(2.21%)	UT	OpenLong	75	0.7	26	40	17	51	0.95	72%	0.28	130.4	2.65%	0	1.7	70	0
17	Feb_1_2017	43.61	49.33	50.65	51.05	51.03	50.92	51.19(0.73%)	UT	OpenLong	75	0.1	13	-20	2	47	0.55	72%	0.25	108.6	2.76%	0	1	67	0
18	Jan_31_2017	43.5	48.93	50.53	51.09	51.05	50.77	50.82(0.24%)	UD	OpenLong	65	-0.1	11	-40	-4	55	0.7	72%	0.23	93.5	2.77%	0	0.8	68	0
19	Jan_30_2017	43.4	48.56	50.4	50.81	51.13	51.15	50.7(-1.63%)	UD	OpenLong	75	-0	19	20	4	62	0.94	72%	0.23	96.3	2.78%	0	0.9	71	0
20	Jan_27_2017	43.3	48.19	50.16	50.55	50.77	51.33	51.54(1.04%)	UT	HoldLong	65	0.4	25	90	12	65	0.53	69%	0.19	87.7	2.77%	0	1.3	77	0

21	Jan_26_2017	43.22	47.78	49.86	50.26	50.39	51.12	51.01(-0.68%)	UD	OpenLong	75	0.3	31	110	19	65	0.84	69%	0.21	84.5	2.82%	0	1.2	68	0
22	Jan_25_2017	43.13	47.41	49.59	50.19	50.18	50.21	51.36(3.93%)	UT	HoldLong	65	0.4	31	0	14	80	1.12	69%	0.19	85.4	2.82%	0	1.4	81	0
23	Jan_24_2017	43.05	46.92	49.24	49.92	50.08	49.67	49.42(-0.04%)	UD	OpenLong	65	-0.2	15	-50	-9	88	0.85	67%	0.16	83.3	2.79%	0	0.9	81	0
24	Jan_23_2017	42.98	46.47	49.03	49.94	50.11	50.16	49.44(-1.3%)	UD	OpenLong	75	-0.2	29	20	-0	114	0.87	67%	0.16	80.2	2.79%	0	1.1	81	0
25	Jan_20_2017	42.91	46.05	48.79	49.67	49.94	50.49	50.09(-1.13%)	UD	OpenLong	75	0.1	47	90	18	134	0.92	67%		71.2	2.78%	0	1.4	82	0
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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