Trading Signals: SHOP Stock Price Prediction and Forecast

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Thu. Jan. 25, 2018

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

(Shopify Inc. )
SHOP latest price $124.9000 (4.37%) ($120.3300 - $126.2400) on Thu. Jan. 25, 2018.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.62% (three month average)
RSI   83
Latest Price   $124.9000(4.37%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   SHOP advances 1.7% a day on average for past five trading days.
Weekly Trend   SHOP advances 4% a week on average for past two weeks.
Market Behavior   Normal for large cap. Normal for small cap.
Correlated ETFs   Broad market will support SHOP advance at 0% a week (0% probability)
IBUY(62%)    SKYY(60%)    ARKK(56%)    IWF(55%)    QQQ(55%)
Factors Impacting SHOP price   SHOP will decline at least -1.31% in a week (0% probabilities).
VIXM(-8%)    UUP(-8%)    SHY(-5%)    TLT(-3%)    TBT(2%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.31% (StdDev 2.62%)
Hourly BBV 0 ()
Intraday Trend 3.2%

5 Day Moving Average   $119.63(4.41%)
10 Day Moving Average   $116.61(7.11%)
20 Day Moving Average   $112.33(11.19%)
To recent high   0%
To recent low   31.1%
Market Cap   $15b

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 5.15% (three month std-dev: 2.62%) daily (68% of days).

Sample size 44 Average positive next day return: 3.48%(45%) Average negative next day return: -1.95%(55%) Sample size 44 Average positive next three day return: 4.16%(59%) Average negative next three day return: -3.29%(41%) Sample size 44 Average positive next weekly return: 5.82%(57%) Average negative next weekly return: -3.53%(43%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

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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	Jan_25_2018	107.15	112.33	116.61	119.63	119.77	121.51	124.9(4.37%)	UT	HoldLong	65	0.9	90	110	79	124	1.94	60%	0.14	68.3	2.62%	0	2.2	83	137.4
2	Jan_24_2018	107	111.29	115.17	117.61	117.8	119.24	119.67(0.83%)	UT	HoldLong	65	0.4	56	90	43	95	1.02	59%	0.08	62.5	2.61%	0	1.6	82	-1.4
3	Jan_23_2018	106.91	110.49	114.27	116.66	116.58	118.03	118.69(-0.62%)	UD	OpenLong	75	0.4	66	90	54	100	1.14	59%	0.11	58.8	2.64%	0	1.6	84	0.1
4	Jan_22_2018	106.79	109.77	113.59	115.31	115.36	116.37	119.43(3.42%)	UT	HoldLong	65	0.9	60	60	45	104	1.18	59%	0.08	55.8	2.64%	0	2	90	0.9
5	Jan_19_2018	106.7	109.03	112.67	113.98	114.27	115.13	115.48(0.59%)	UT	HoldLong	65	0.3	46	60	28	99	0.69	59%	0.05	54.7	2.65%	0	1.5	81	1

6	Jan_18_2018	106.65	108.52	112.1	113.11	113.56	114.36	114.8(-0.1%)	UD	OpenLong	75	0.4	52	60	34	104	0.7	59%	0.07	56.6	2.65%	0	1.5	72	0
7	Jan_17_2018	106.58	108.12	111.41	112.35	112.58	113.4	114.91(2.67%)	UT	OpenLong	75	0.6	45	60	27	100	1.23	59%	0.1	59	2.67%	0	1.7	71	0
8	Jan_16_2018	106.47	107.61	110.48	111.52	111.73	112.76	111.92(-0.78%)	UD	OpenLong	75	0.1	40	70	22	94	1.18	58%	0.1	64	2.65%	0	1.2	69	0
9	Jan_12_2018	106.36	107.17	109.46	111.6	111.36	111.77	112.8(1.5%)	UT	OpenLong	75	0.3	43	20	26	92	0.85	58%	0.06	74.1	2.65%	0	1.6	68	0
10	Jan_11_2018	106.3	106.68	108.45	111.16	111.07	110.7	111.13(0.12%)	UD	OpenLong	65	-0	18	-30	-1	73	0.64	58%	0.08	85.3	2.65%	0	1.4	64	0

11	Jan_10_2018	106.21	106.19	107.78	110.92	110.91	110.96	111(0.24%)	UD	OpenLong	65	0	17	0	-1	69	0.67	53%	0.12	95.7	2.67%	0	1.5	62	0
12	Jan_9_2018	106.08	105.83	107.15	110.27	110.56	111.44	110.73(-1.44%)	UD	OpenLong	75	0.1	40	60	30	68	0.74	53%	0.14	102.3	2.75%	0	1.6	55	0
13	Jan_8_2018	105.93	105.33	106.45	109.22	109.43	110.87	112.35(1.6%)	UT	OpenLong	75	1.1	61	100	59	66	0.75	53%	0.17	96.8	2.74%	0	2.4	64	0
14	Jan_5_2018	105.75	104.69	105.64	106.95	107.48	109.68	110.58(0.57%)	UT	OpenLong	75	1.4	61	160	66	46	0.77	53%	0.17	77	2.76%	0	2.2	66	0
15	Jan_4_2018	105.57	103.96	105.05	105.32	105.27	107.99	109.95(2.04%)	UT	OpenLong	75	1.9	62	180	71	33	1.16	45%	0.15	48.8	2.78%	0	2.4	65	0

16	Jan_3_2018	105.41	103.23	104.56	104.23	103.92	105.28	107.75(2.14%)	UT	OpenLong	75	1.3	46	80	54	22	1.16	45%	0.14	5.9	3.13%	0	1.6	65	0
17	Jan_2_2018	105.26	102.69	104.47	103.64	103.26	102.54	105.49(4.45%)	N/A	N/A	0	0.6	1	-60	1	0	1.4	45%	0.24	-23.4	3.13%	0	0.9	53	0
18	Dec_29_2017	105.01	102.55	104.43	103.32	103.28	102.56	101(-1.36%)	DT	OpenShort	-75	-0.7	-27	-50	-33	-9	0.78	42%	0.12	-37	3.08%	0	-0.5	54	0
19	Dec_28_2017	104.88	102.7	104.71	104.08	103.79	103.98	102.39(-2.02%)	N/A	N/A	0	-0.5	-3	0	-9	14	0.66	42%	0.07	-39.9	3.08%	0	-0.1	59	0
20	Dec_27_2017	104.81	102.75	104.83	104.65	104.28	104.01	104.5(-0.32%)	UD	OpenLong	75	-0	11	-30	2	38	0.48	45%	0.08	-44.1	3.07%	0	0.5	72	0

21	Dec_26_2017	104.73	103.07	104.56	104.89	104.56	103.61	104.84(0.94%)	N/A	N/A	0	-0	-9	-70	-26	41	0.4	45%	0.15	-32.4	3.11%	0	0.5	74	0
22	Dec_22_2017	104.57	103.43	104.49	105.45	105.34	104.55	103.86(-0.9%)	N/A	N/A	0	-0.3	-4	-60	-25	61	0.59	42%	0.07	-15.8	3.14%	0	0.1	68	0
23	Dec_21_2017	104.5	103.79	104.22	105.72	106.19	105.51	104.8(-0.42%)	UD	OpenLong	65	-0.2	13	-30	-6	69	0.48	42%	0.06	-6.9	3.14%	0	0.2	52	0
24	Dec_20_2017	104.44	104.03	103.76	105.41	105.96	106.12	105.24(-0.46%)	UD	OpenLong	65	-0	12	30	-5	61	0.64	41%	0.02	2.5	3.14%	0	0.2	52	0
25	Dec_19_2017	104.42	104.23	102.87	105	105.46	106.88	105.73(-1.76%)	UD	OpenLong	75	0.1	39	110	32	59	0.83	41%		10	3.16%	0	0.3	53	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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