Trading Signals: SHOP Stock Price Prediction and Forecast

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Fri. Sep. 13, 2019

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

(Shopify Inc. )
SHOP latest price $338.3100 (-5.14%) ($337.6400 - $357.5000) on Fri. Sep. 13, 2019.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.07% (three month average)
RSI   37
Latest Price   $338.3100(-5.14%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   SHOP declines -2.4% a day on average for past five trading days.
Weekly Trend   SHOP declines -6.2% 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%)    IPO(62%)    ONLN(59%)    SKYY(59%)    ARKK(55%)
Factors Impacting SHOP price   SHOP will decline at least -1.535% in a week (0% probabilities).
VIXM(-29%)    VXX(-13%)    UUP(-10%)    SHY(-3%)    TLT(-2%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.535% (StdDev 3.07%)
Hourly BBV 0 ()
Intraday Trend -5.1%

Resistance Level   $375.09
5 Day Moving Average   $347.67(-2.69%)
10 Day Moving Average   $365.63(-7.47%)
20 Day Moving Average   $375.09(-9.81%)
To recent high   -16.9%
To recent low   19.1%
Market Cap   $40.63b

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 5.27% (three month std-dev: 3.07%) daily (68% of days).

Sample size 0 Average positive next day return: 0%(0%) Average negative next day return: 0%(0%) Sample size 0 Average positive next three day return: 0%(0%) Average negative next three day return: %(0%) Sample size 0 Average positive next weekly return: 0%(0%) Average negative next weekly return: 0%(0%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20191013

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	Sep_13_2019	316.6	375.09	365.63	347.67	347.9	351.69	338.31(-5.14%)	DT	OpenShort	-75	-0.5	-59	80	-33	-135	2.68	50%	0.38	-23.9	3.07%	0	-1.9	37	1.8
2	Sep_12_2019	315.39	376.08	371.07	356.09	353.34	349.53	356.63(2.62%)	DP	OpenShort	-75	0	-27	-100	-2	-102	3.08	53%	0.45	-14.9	3%	0	-1	40	1.8
3	Sep_11_2019	313.99	376.12	374.85	363.31	361.23	344.11	347.51(3.05%)	DP	OpenShort	-75	-0.8	-314	-350	-346	-219	3.22	53%	0.41	-1.6	2.99%	0	-1.5	35	1.7
4	Sep_10_2019	312.72	377.41	380.83	371.11	372.55	357.15	337.24(-5.97%)	DT	OpenShort	-75	-1.9	-420	-280	-481	-238	5.25	51%	0.37	19.8	2.97%	0	-2.2	39	1.6
5	Sep_9_2019	311.57	379.17	387.1	380.44	383.18	378.36	358.67(-5.72%)	DT	OpenShort	-75	-1.4	-186	-70	-218	-91	4.52	55%	0.15	53.8	2.87%	0	-1.3	53	1.7

6	Sep_6_2019	311.09	379.9	389.91	385.79	387.17	387.95	380.42(-3.13%)	UD	OpenLong	65	-0.4	5	20	-2	25	1.72	60%	0.53	78.8	2.78%	0	0	64	1.9
7	Sep_5_2019	309.44	378.87	390.86	388.04	386.88	388	392.72(1.61%)	UT	OpenLong	75	0.3	18	10	5	55	2.22	66%	0.59	85.3	2.75%	0	0.9	73	1.6
8	Sep_4_2019	307.63	376.41	390.56	388.46	389.06	386.39	386.49(0.67%)	N/A	N/A	0	-0.1	-7	-40	-29	61	1.34	67%	0.58	86.1	2.85%	0	0.6	70	1
9	Sep_3_2019	305.87	373.88	389.61	392.56	392.16	385.76	383.91(-0.38%)	CR	SmallShort	-20	-0.4	-113	-120	-159	27	1.98	64%	0.87	88.6	2.87%	0	0.5	58	-0.2
10	Aug_30_2019	303.24	370.96	387.74	394.97	396.97	391.73	385.39(-1.61%)	CR	SmallShort	-20	-0.4	-87	-80	-131	45	2.93	64%	0.59	78.8	2.9%	0	0.6	59	0.1

11	Aug_29_2019	301.46	368.41	385.38	394.44	398.31	398.57	391.71(-0.78%)	N/A	N/A	0	-0.1	-10	30	-39	78	2.41	62%	0.63	77	2.89%	0	1	60	0.1
12	Aug_28_2019	299.57	365.88	381.56	393.81	396.09	402.21	394.8(-3%)	UD	OpenLong	75	0	109	130	102	130	2.75	63%	0.65	74.6	2.93%	0	1.2	66	-0.4
13	Aug_27_2019	297.63	362.11	377.47	392.81	393.18	398.06	406.99(2.79%)	UT	HoldLong	65	0.6	195	90	201	177	2.81	65%	0.71	69.4	2.9%	0	1.7	77	-0.8
14	Aug_26_2019	295.52	357.45	373.39	386.41	388.33	389.98	395.96(3.45%)	UT	HoldLong	65	0.4	111	40	102	138	2	65%	0.7	62.4	2.91%	0	1.6	77	-0.6
15	Aug_23_2019	293.48	353.6	370.24	379.58	382.42	388.3	382.75(-1.49%)	UD	OpenLong	75	0.1	113	130	103	144	2.91	62%	0.66	55.2	2.89%	0	1.3	78	-1.1

16	Aug_22_2019	291.56	351.19	368.8	374.78	376.01	386.69	388.54(-0.33%)	UD	OpenLong	75	0.6	257	210	270	217	2.09	63%	0.65	52.9	2.91%	0	1.7	73	-0
17	Aug_21_2019	289.69	348.29	365.59	367.29	368.14	376.53	389.83(3.96%)	UT	OpenLong	75	1.1	269	170	288	211	2.42	63%	0.67	46.9	2.91%	0	2	67	0.2
18	Aug_20_2019	287.77	345.13	360.68	359.88	360.2	365.33	374.97(3.63%)	UT	OpenLong	75	0.8	131	100	128	139	2.07	60%	0.6	42.4	2.89%	0	1.6	71	-0.3
19	Aug_19_2019	286.05	342.78	356.55	358.73	357.43	359.74	361.83(0.86%)	UT	OpenLong	75	0.2	86	30	73	126	1.2	58%	0.56	47.9	2.89%	0	1.1	70	-0.2
20	Aug_16_2019	284.46	341.37	352.78	359.71	357.97	355.08	358.74(2.18%)	N/A	N/A	0	-0.1	-0	-70	-31	92	1.32	60%	0.56	54.5	2.9%	0	1	66	-1

21	Aug_15_2019	282.88	339.89	350.24	361.96	360.47	355.11	351.07(-0.49%)	CR	SmallShort	-20	-0.7	-78	-120	-124	62	1.58	62%	0.55	66.7	2.95%	0	0.7	56	-1.7
22	Aug_14_2019	281.34	338.86	349.33	363.3	362.79	360.87	352.8(-4.45%)	N/A	N/A	0	-0.6	-23	-40	-63	97	2.4	62%	0.54	74.5	2.99%	0	0.9	57	-2.1
23	Aug_13_2019	279.82	337.47	346.09	361.01	361.23	365.83	369.23(0.68%)	UT	OpenLong	75	0.5	120	90	108	157	1.93	63%	0.61	72.2	2.92%	0	1.9	64	-1
24	Aug_12_2019	278.11	334.79	340.61	353.69	353.95	364.71	366.73(-0.87%)	UD	OpenLong	75	0.9	232	220	249	180	1.75	63%	0.62	64.9	2.96%	0	2.2	63	-1.9
25	Aug_9_2019	276.4	332.52	335.78	344.63	344.61	356.63	369.95(3.39%)	UT	OpenLong	75	1.9	312	240	354	184	2.36	63%		52.8	2.95%	0	2.8	61	-1.4
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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