Trading Signals: SHOP Stock Price Prediction and Forecast

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Thu. Feb. 13, 2020

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

(Shopify Inc. )
SHOP latest price $532.9700 (0.32%) ($530.7100 - $554.7800) on Thu. Feb. 13, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.19% (three month average)
RSI   71
Latest Price   $532.9700(0.32%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   SHOP advances 2.4% a day on average for past five trading days.
Weekly Trend   SHOP advances 4.3% a week on average for past two weeks.
Market Behavior   Normal for large cap. Growth stock rally for small cap.
Correlated ETFs   Broad market will support SHOP advance at 0% a week (0% probability)
IBUY(63%)    IPO(62%)    ONLN(60%)    SKYY(59%)    ARKK(55%)
Factors Impacting SHOP price   SHOP will decline at least -1.095% in a week (0% probabilities).
VIXM(-28%)    VXX(-13%)    UUP(-11%)    TLT(-2%)    TBT(1%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.095% (StdDev 2.19%)
Hourly BBV 0 ()
Intraday Trend -0%

5 Day Moving Average   $505.47(5.44%)
10 Day Moving Average   $490.88(8.57%)
20 Day Moving Average   $477.85(11.54%)
To recent high   0%
To recent low   70.6%
Market Cap   $64.007b

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 4.5% (three month std-dev: 2.19%) daily (68% of days).

Sample size 22 Average positive next day return: 2.34%(41%) Average negative next day return: -3.23%(59%) Sample size 22 Average positive next three day return: 3.86%(36%) Average negative next three day return: -4.01%(64%) Sample size 22 Average positive next weekly return: 5.69%(32%) Average negative next weekly return: -5.47%(68%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20200313

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_13_2020	374.81	477.85	490.88	505.47	518.08	546.81	532.97(0.32%)	UT	OpenLong	75	1.3	658	460	739	414	4.52	89%	0.6	82.7	2.19%	0	2.6	71	0.6
2	Feb_12_2020	372.56	473.45	484.87	493.47	502.32	524.86	531.25(7.81%)	UT	OpenLong	75	2.1	967	370	1112	530	9.78	89%	0.66	87.9	2.21%	0	3.2	69	1
3	Feb_11_2020	370.13	468.77	478.47	482.33	481.15	489.35	492.75(0.22%)	UT	OpenLong	75	0.8	254	110	281	172	2.69	87%	0.5	103.8	2.02%	0	1.8	62	0.1
4	Feb_10_2020	368.28	466.15	475.88	480.88	478.41	479.78	491.69(2.72%)	UT	OpenLong	75	0.8	179	0	194	135	1.86	87%	0.49	111	2.03%	0	1.9	61	0.2
5	Feb_7_2020	366.5	463.06	471.87	476.42	477.31	472.95	478.69(1.21%)	N/A	N/A	0	0.2	-47	-60	-67	13	1.19	88%	0.44	105.5	2.06%	0	1.1	62	-0.1

6	Feb_6_2020	364.91	460.71	470.53	473.81	475.47	477.05	472.98(-0.54%)	DT	OpenShort	-75	-0.1	-90	30	-117	-8	1.67	88%	0.42	101.2	2.12%	0	0.8	62	0.2
7	Feb_5_2020	363.4	458.11	470.13	474.59	475.95	481.67	475.56(-2.04%)	UD	OpenLong	75	0.1	203	90	223	143	2.13	81%	0.42	96.9	2.11%	0	1	64	0.1
8	Feb_4_2020	361.88	455.17	469.03	473.81	473.34	473.89	485.46(3.42%)	UT	OpenLong	75	0.6	112	10	113	110	1.78	81%	0.42	92.4	2.17%	0	1.6	72	-0.7
9	Feb_3_2020	360.36	451.6	466.86	470.25	471.73	470.24	469.39(0.8%)	N/A	N/A	0	-0	-5	-10	-26	57	1.85	79%	0.38	87	2.19%	0	0.9	69	-1.4
10	Jan_31_2020	359.01	448.48	465.49	466.6	469.93	472.79	465.66(-2.35%)	UD	OpenLong	75	-0	80	60	73	100	2.18	79%	0.31	74.1	2.19%	0	0.8	72	-2.4

11	Jan_30_2020	357.89	445.68	464.19	466.56	463.88	473.22	476.88(1.1%)	UT	HoldLong	65	0.5	156	120	158	148	1.51	83%	0.38	73	2.18%	0	1.4	79	-0.4
12	Jan_29_2020	356.55	441.77	461.35	465.03	462.86	467.06	471.67(0.86%)	UT	HoldLong	65	0.3	293	50	315	225	1.81	77%	0.39	75.8	2.18%	0	1.3	81	-0.7
13	Jan_28_2020	355.17	438.06	458.37	463.65	461.07	454.54	467.66(3.67%)	N/A	N/A	0	0.2	-73	-120	-118	62	1.54	77%	0.32	73	2.26%	0	1.3	81	-0.7
14	Jan_27_2020	354.04	435.04	455.68	463.21	463.18	458.65	451.11(-3.09%)	CR	SmallShort	-20	-0.5	-177	-70	-246	29	2.25	75%	0.21	73.8	2.23%	0	0.7	79	-1.9
15	Jan_24_2020	353.31	432.95	453.8	463.96	466.43	467.61	465.48(-0.8%)	UD	OpenLong	75	0.1	80	30	50	171	2.14	84%	0.21	76.9	2.2%	0	1.3	94	0

16	Jan_23_2020	352.56	429.62	450.34	461.13	462.98	467.72	469.25(0.97%)	UT	HoldLong	65	0.3	126	80	106	186	2.45	84%	0.24	78.9	2.43%	0	1.7	92	1.2
17	Jan_22_2020	351.71	425.58	445.3	456.98	459.07	465.26	464.76(-0.15%)	TP	CloseLong	-10	0.3	226	110	223	235	2.36	74%	0.24	77.8	2.43%	0	1.8	93	1.1
18	Jan_21_2020	350.88	421.79	440.32	452.27	453.44	458.24	465.44(2.32%)	UT	HoldLong	65	0.6	183	80	175	206	2.14	74%	0.24	76.9	2.59%	0	2.1	94	1.4
19	Jan_17_2020	350.05	418.05	435.06	447.23	448	452.87	454.88(0.79%)	UT	HoldLong	65	0.4	143	80	132	176	1.87	68%	0.19	77.7	2.66%	0	1.8	77	1.9
20	Jan_16_2020	349.4	415.04	430.04	442.09	444.08	448.64	451.3(0.62%)	UT	OpenLong	75	0.5	166	90	164	173	1.47	61%	0.17	81.6	2.67%	0	1.9	75	2.2

21	Jan_15_2020	348.82	411.79	425.63	437.87	439.29	443.13	448.51(1.65%)	UT	HoldLong	65	0.6	132	70	126	148	1.63	61%	0.12	88.6	2.81%	0	2.1	78	2
22	Jan_14_2020	348.39	408.92	420.52	431.79	434.43	439.52	441.22(0.22%)	UT	HoldLong	65	0.6	144	100	144	144	1.51	64%	0.14	93.5	2.81%	0	2	80	2.3
23	Jan_13_2020	347.92	406.06	416.01	426.44	428.55	435.45	440.25(2.58%)	UT	HoldLong	65	0.9	169	130	177	145	2	64%	0.17	101.1	2.86%	0	2.3	78	2.5
24	Jan_10_2020	347.33	402.62	412.55	421.06	422.75	429.34	429.17(-0.24%)	UD	OpenLong	75	0.6	199	120	214	153	1.8	66%	0.12	106.2	2.85%	0	2.1	72	1.4
25	Jan_9_2020	346.91	399.81	410.33	416.08	416.06	421.66	430.2(2.89%)	UT	OpenLong	75	1.1	156	90	166	126	1.79	66%		94.5	2.87%	0	2.3	69	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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