Trading Signals: SHOP Stock Price Prediction and Forecast

^ SHOP: Intraday Hourly Forecast Similar Waves GapOpen Research Timing Gains Losses Strategies Practice

Wed. Sep. 23, 2020

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

(Shopify Inc. )
SHOP latest price $918.8100 (-3.71%) ($910.7000 - $953.9700) on Wed. Sep. 23, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.44% (three month average)
RSI   31
Latest Price   $918.8100(-3.71%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   SHOP advances 0.7% a day on average for past five trading days.
Weekly Trend   SHOP declines -3.5% 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(54%)
Factors Impacting SHOP price   SHOP will decline at least -1.72% in a week (0% probabilities).
VIXM(-24%)    UUP(-17%)    VXX(-8%)    IGOV(-6%)    EDOC(-6%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.72% (StdDev 3.44%)
Hourly BBV 0 ()
Intraday Trend -3%

Resistance Level   $970.26
5 Day Moving Average   $914.61(0.46%)
10 Day Moving Average   $916.84(0.21%)
20 Day Moving Average   $970.26(-5.3%)
To recent high   -19%
To recent low   5.5%
Market Cap   $110.345b

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 7.73% (three month std-dev: 3.44%) daily (68% of days).

Sample size 10 Average positive next day return: 1.71%(30%) Average negative next day return: -1.96%(70%) Sample size 10 Average positive next three day return: 5.49%(30%) Average negative next three day return: -6.18%(70%) Sample size 10 Average positive next weekly return: 1.07%(20%) Average negative next weekly return: -7.88%(80%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20201023

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_23_2020	914.51	970.26	916.84	914.61	916.77	935.83	918.81(-3.71%)	UD	OpenLong	75	0.1	290	150	359	83	1.83	48%	0.26	-35.8	3.44%	0	-0.7	31	0.1
2	Sep_22_2020	912.14	976.17	919.54	907.88	898.84	922.16	954.25(2.84%)	UT	OpenLong	75	0.6	334	150	422	71	2.49	50%	0.33	-37.8	3.41%	0	-0.3	29	0.7
3	Sep_21_2020	909.12	978.47	915.46	902.91	892	897.7	927.89(2.95%)	N/A	N/A	0	0.3	190	10	261	-23	2.23	50%	0.35	-40.9	3.41%	0	-0.7	36	0.8
4	Sep_18_2020	905.92	983.25	919.27	903.7	899.26	875.53	901.34(3.51%)	DP	OpenShort	-75	-0	-248	-200	-251	-240	2.44	52%	0.3	-39.5	3.4%	0	-1.1	36	1.1
5	Sep_17_2020	903.17	990.38	930	906.33	909.57	886.3	870.76(-1.63%)	DT	OpenShort	-75	-0.5	-618	-170	-685	-417	3.76	51%	0.26	-37.6	3.44%	0	-1.7	32	1.1

6	Sep_16_2020	900.82	997.93	949.72	919.01	926.09	922.99	885.18(-4.76%)	DT	OpenShort	-75	-0.5	-235	-0	-237	-228	3.64	51%	0.29	-35	3.44%	0	-1.7	30	0.7
7	Sep_15_2020	898.25	1005.46	973.65	931.84	935.96	932.85	929.39(-0.26%)	DP	OpenShort	-65	-0	-13	-10	17	-104	1.83	57%	0.34	-29.2	3.38%	0	-1.2	41	0.6
8	Sep_14_2020	895.18	1010.06	987.05	929.44	940.28	929.2	931.83(1.9%)	DP	OpenShort	-75	0	-136	-50	-131	-152	1.66	57%	0.33	-31.4	3.53%	0	-1.3	46	0.6
9	Sep_11_2020	892.23	1013.46	998.29	937.68	938.6	939.08	914.5(-2.11%)	DT	OpenShort	-75	-0.4	-261	10	-280	-202	1.64	57%	0.34	-34.2	3.53%	0	-1.8	42	0.3
10	Sep_10_2020	889.23	1018.39	1012.74	957.92	949.64	951.37	934.17(-1.59%)	DT	HoldShort	-50	-0.5	-11	-10	8	-68	1.72	57%	0.35	-34.6	3.54%	0	-1.6	42	-0.6

11	Sep_9_2020	886.1	1021.87	1028.52	986	968.89	938.12	949.31(3.48%)	DP	OpenShort	-75	-0.8	-423	-270	-487	-231	1.81	57%	0.42	-30.9	3.53%	0	-1.5	47	-0.4
12	Sep_8_2020	882.38	1023.69	1038.25	1023.01	1007.5	947.92	917.4(-5.72%)	DT	OpenShort	-75	-2.3	-973	-460	-1144	-459	2.1	57%	0.67	-20.5	3.51%	0	-2.3	42	-1.2
13	Sep_4_2020	876.52	1028.8	1048.33	1052.81	1053.22	999.66	973.02(-4.2%)	DT	OpenShort	-75	-2	-1002	-350	-1186	-450	3.47	60%	0.52	-12.6	3.4%	0	-1.4	48	-1.6
14	Sep_3_2020	872.01	1032.99	1054.33	1066.62	1074.42	1067.09	1015.7(-5.48%)	DT	OpenShort	-75	-1.3	-544	-30	-653	-217	2.93	62%	0.6	0.5	3.39%	0	-0.4	56	-3.2
15	Sep_2_2020	866.78	1036.4	1057.31	1074.18	1081.61	1106.78	1074.59(-5.27%)	UD	OpenLong	75	0	406	180	460	244	2.71	66%	0.68	9.9	3.32%	0	0.9	60	-1.3

16	Sep_1_2020	860.93	1036.86	1050.99	1077.13	1072.22	1081.75	1134.32(6.37%)	UT	OpenLong	75	1.4	422	50	476	260	2.09	70%	0.81	16.3	3.25%	0	2.4	69	-1
17	Aug_31_2020	853.99	1033.35	1039.25	1057.7	1064.12	1056.43	1066.42(2.34%)	UT	OpenLong	75	0.2	22	-30	8	65	1.13	68%	0.25	15.2	3.18%	0	0.9	66	-0.6
18	Aug_28_2020	851.83	1033.72	1033.81	1044.28	1053.75	1062.69	1042.06(-1.09%)	N/A	N/A	0	-0.1	-21	90	-39	34	1.34	68%	0.75	18.6	3.17%	0	0.2	56	0.5
19	Aug_27_2020	845.46	1032.83	1028.73	1040.09	1042.91	1071.81	1053.5(-3.29%)	UD	OpenLong	75	0.4	450	200	519	243	1.55	68%	0.78	27.4	3.17%	0	0.6	49	0.5
20	Aug_26_2020	838.94	1032.4	1023.33	1037.32	1033.23	1044.82	1089.33(5.03%)	UT	OpenLong	75	1.4	538	70	627	269	2.81	65%	0.87	40.5	3.15%	0	1.6	48	1

21	Aug_25_2020	831.68	1030.18	1012.99	1021.27	1019.85	1014	1037.19(3.79%)	DP	OpenShort	-75	0.4	-113	-40	-128	-66	1.69	63%	0.8	41.4	3.24%	0	0.2	40	1.3
22	Aug_24_2020	825.11	1027.78	1006.57	1018.78	1021.05	1021.64	999.32(-2.13%)	DT	OpenShort	-75	-0.5	-69	10	-71	-64	1.82	61%	0.8	42.1	3.24%	0	-0.8	37	1.3
23	Aug_21_2020	818.56	1027.07	1007.27	1021.5	1021.78	1025.7	1021.12(-1.78%)	UD	OpenLong	75	-0	107	30	139	9	1.29	61%	0.85	35.9	3.23%	0	-0.1	38	1.4
24	Aug_20_2020	811.67	1023.06	1009.83	1014.86	1016.03	1020.45	1039.62(3.02%)	N/A	N/A	0	0.5	81	30	109	-5	1.33	61%	0.83	28.9	3.24%	0	0.4	53	1.5
25	Aug_19_2020	804.99	1017.9	1013.54	1006.92	1009.11	1017.87	1009.11(-1.52%)	UD	OpenLong	75	0	101	70	134	2	1.23	61%		23.8	3.24%	0	-0.2	45	1.5
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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