Trading Signals: SHOP Stock Price Prediction and Forecast

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Tue. May. 12, 2020

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

(Shopify Inc. )
SHOP latest price $742.2800 (-1.07%) ($733.9500 - $770.9500) on Tue. May. 12, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   6.29% (three month average)
RSI   71
Latest Price   $742.2800(-1.07%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   SHOP advances 1.6% a day on average for past five trading days.
Weekly Trend   SHOP advances 8.2% a week on average for past two weeks.
Market Behavior   Broad based sell-off for large cap. Broad based sell-off for small cap.
Correlated ETFs   Broad market will support SHOP advance at 0% a week (0% probability)
IBUY(61%)    IPO(60%)    ONLN(58%)    SKYY(56%)    IWF(53%)
Factors Impacting SHOP price   SHOP will decline at least -3.145% in a week (0% probabilities).
VIXM(-23%)    UUP(-16%)    VXX(-9%)    TBT(-4%)    DRIV(-4%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -3.145% (StdDev 6.29%)
Hourly BBV 0 ()
Intraday Trend -3.5%

5 Day Moving Average   $731.58(1.46%)
10 Day Moving Average   $691.59(7.33%)
20 Day Moving Average   $647.31(14.67%)
To recent high   -1.1%
To recent low   130.3%
Market Cap   $89.144b

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 10.99% (three month std-dev: 6.29%) daily (68% of days).

Sample size 2 Average positive next day return: 10.48%(50%) Average negative next day return: -5.37%(50%) Sample size 2 Average positive next three day return: 51.16%(50%) Average negative next three day return: -4.36%(50%) Sample size 2 Average positive next weekly return: 9.91%(100%) Average negative next weekly return: 0%(0%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20200612

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	May_12_2020	484	647.31	691.59	731.58	729.04	741.22	742.28(-1.07%)	UD	OpenLong	75	0.2	225	110	242	175	3.7	58%	0.77	116.9	6.29%	0	1.3	71	1.2
2	May_11_2020	480.32	635.2	680.62	720.34	716.45	719.01	750.34(5.84%)	UT	HoldLong	65	0.4	88	10	81	110	3.67	58%	0.79	111.1	6.35%	0	1.5	77	2.3
3	May_8_2020	476.57	620.33	668.06	702.05	704.52	716.87	708.97(-1.91%)	UD	OpenLong	75	0.1	116	130	117	112	4.08	58%	0.7	116.7	6.27%	0	1.2	62	2
4	May_7_2020	473.28	606.27	661.19	682.99	686.83	713.88	722.76(-1.47%)	UD	OpenLong	75	0.5	280	290	313	182	4.6	58%	0.72	103	6.31%	0	1.4	69	1.4
5	May_6_2020	469.88	591.13	650.58	664.89	659.03	692.18	733.53(6.91%)	UT	HoldLong	65	0.8	313	330	352	197	6.93	58%	0.77	93.7	6.3%	0	1.6	77	0.8

6	May_5_2020	466.28	573.62	639.08	646.18	641	659.78	686.11(4.13%)	UT	HoldLong	65	0.4	296	180	330	193	5.14	57%	0.66	81.1	6.26%	0	1.2	78	1.1
7	May_4_2020	463.24	559.18	628.92	635.69	629.81	625.87	658.89(7.37%)	UT	HoldLong	65	0.2	54	-70	44	85	2.76	58%	0.62	73.2	6.25%	0	1.1	76	0.5
8	May_1_2020	460.39	544.54	625.63	629.63	627.44	622.23	613.64(-2.95%)	CR	SmallShort	-20	-0.2	-91	-70	-135	41	2.52	56%	0.55	64.3	6.16%	0	0.7	79	0.4
9	Apr_30_2020	457.87	531.75	623.79	635.54	635.27	633.74	632.29(-1.2%)	UD	OpenLong	75	-0	43	-20	11	139	2.45	56%	0.59	57.8	6.15%	0	0.9	84	1.3
10	Apr_29_2020	455.17	519.48	614.05	633.18	635.17	632.65	639.99(1%)	UT	HoldLong	50	0.1	23	-20	-20	151	2.4	56%	0.63	54.1	6.15%	0	1.1	85	1.7

11	Apr_28_2020	452.34	508.09	600.58	630.49	632.57	636.79	633.65(0.81%)	UT	HoldLong	65	0	55	60	9	192	3.69	57%	0.61	54.4	6.15%	0	1.2	87	1.2
12	Apr_27_2020	449.59	497.54	587.4	620.76	630.27	637.7	628.58(-2.27%)	UD	OpenLong	75	0.1	148	130	113	253	4.03	56%	0.62	56.8	6.16%	0	1.3	83	1.4
13	Apr_24_2020	446.84	486.76	570.1	621.03	622.58	628.35	643.19(3.66%)	UT	HoldLong	65	0.2	125	70	75	273	5.45	56%	0.66	64.3	6.17%	0	1.6	87	0.9
14	Apr_23_2020	443.93	476.21	548.1	610.47	617.52	622.85	620.49(-0.97%)	UD	OpenLong	75	0.1	179	100	133	318	4.38	56%	0.59	73.5	6.16%	0	1.6	87	0.4
15	Apr_22_2020	441.34	466.78	527.85	591.66	602.5	616.81	626.56(7.1%)	UT	HoldLong	65	0.4	218	220	179	333	5.03	56%	0.65	79.7	6.15%	0	1.9	77	0.3

16	Apr_21_2020	438.47	456.18	503.23	565.78	576.59	612.2	585(-7.13%)	UD	OpenLong	75	0.3	364	490	360	376	11.05	55%	0.61	83.4	6.1%	0	1.7	68	-0.2
17	Apr_20_2020	435.82	445.34	483.99	547.99	545.47	588.2	629.9(6.69%)	UT	OpenLong	75	1.1	543	530	576	442	6.83	56%	0.7	85.5	6.03%	0	2.6	70	0.6
18	Apr_17_2020	432.77	430.56	456.14	511.5	513.1	540.97	590.39(12.15%)	UT	OpenLong	75	1.3	466	390	503	353	6.14	55%	0.39	77.5	6.03%	0	2.6	69	1.2
19	Apr_16_2020	431.11	417.23	431.1	476.97	480.63	502.74	526.43(5.89%)	UT	OpenLong	75	1	265	350	287	200	3.7	53%	0.46	65.4	5.84%	0	2.1	59	1.1
20	Apr_15_2020	429.15	407.52	416.15	454.59	457.27	485.22	497.17(0.22%)	UT	OpenLong	75	0.9	320	450	365	186	2.68	51%	0.4	47.7	5.8%	0	1.9	56	1.1

21	Apr_14_2020	427.46	400.15	407.08	430.86	434.8	458.53	496.06(10.86%)	UT	OpenLong	75	1.5	327	410	384	157	3.75	51%	0.44	25.4	5.8%	0	2.2	59	1.5
22	Apr_13_2020	425.58	391.3	399.17	410.18	412.59	429.32	447.45(7.11%)	UT	OpenLong	75	0.9	207	300	247	85	3.12	49%	0.6	2.1	5.64%	0	1.4	63	1.2
23	Apr_9_2020	423.05	388.13	395.77	392.22	399.67	411.08	417.74(0.78%)	UT	OpenLong	75	0.7	200	260	242	74	2.94	48%	0.25	-20.2	5.54%	0	0.8	64	0.9
24	Apr_8_2020	422	386.01	397.96	377.93	382.93	395.87	414.51(9.5%)	UT	OpenLong	75	1	116	280	142	39	3.35	48%	0.24	-43.5	5.55%	0	0.8	66	0.9
25	Apr_7_2020	420.98	386.03	400.52	371.96	370.46	388.26	378.54(-3.59%)	UD	OpenLong	75	0.2	135	320	159	63	3.21	45%		-54.7	5.42%	0	-0.2	61	0.8
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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