Trading Signals: SHOP Stock Price Prediction and Forecast

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Tue. Dec. 22, 2020

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

(Shopify Inc. )
SHOP latest price $1277.0800 (6.67%) ($1200.1650 - $1285.1850) on Tue. Dec. 22, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.54% (three month average)
RSI   71
Latest Price   $1277.0800(6.67%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   SHOP advances 3.5% a day on average for past five trading days.
Weekly Trend   SHOP advances 6.1% a week on average for past two weeks.
Market Behavior   Value stocks sell-off for large cap. Growth stock rally for small cap.
Correlated ETFs   Broad market will support SHOP advance at 0% a week (0% probability)
IBUY(61%)    IPO(60%)    ONLN(58%)    SKYY(55%)    IWF(54%)
Factors Impacting SHOP price   SHOP will decline at least -1.77% in a week (0% probabilities).
VIXM(-26%)    UUP(-16%)    VXX(-8%)    EDOC(-6%)    TBT(-2%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.77% (StdDev 3.54%)
Hourly BBV 1.6 ()
Intraday Trend 6.1%

5 Day Moving Average   $1196.52(6.73%)
10 Day Moving Average   $1132.4(12.78%)
20 Day Moving Average   $1095.87(16.54%)
To recent high   0%
To recent low   44.2%
Market Cap   $153.372b

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 6.32% (three month std-dev: 3.54%) daily (68% of days).

Sample size 14 Average positive next day return: 3.09%(50%) Average negative next day return: -2.63%(50%) Sample size 14 Average positive next three day return: 5.5%(43%) Average negative next three day return: -5.28%(57%) Sample size 14 Average positive next weekly return: 7.97%(50%) Average negative next weekly return: -4.86%(50%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210122

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	Dec_22_2020	1019.48	1095.87	1132.4	1196.52	1192.21	1209.79	1277.08(6.67%)	UT	OpenLong	75	1.2	671	90	759	406	2.48	61%	0.19	93.2	3.54%	1.6	2.6	71	-0.7
2	Dec_21_2020	1017.52	1080.53	1113.36	1155.93	1160.92	1176.26	1197.26(2.25%)	UT	OpenLong	75	0.7	256	110	279	186	1.51	58%	0.17	94	3.47%	1.3	2	67	-1.6
3	Dec_18_2020	1015.77	1069.87	1101.28	1128.31	1132.99	1174.62	1170.96(-0.77%)	UD	OpenLong	75	0.8	592	270	682	323	1.11	60%	0.12	92.7	3.48%	0	1.8	60	1.2
4	Dec_17_2020	1014.54	1059.58	1089.15	1105.69	1103.59	1145.58	1180(1.96%)	UT	OpenLong	75	1.4	886	260	1032	446	2.29	60%	0.13	86.9	3.5%	1	2.2	68	1.6
5	Dec_16_2020	1013.26	1047.1	1076.55	1083.16	1074.96	1091.37	1157.31(7.75%)	UT	OpenLong	75	1.4	509	80	593	257	3.07	57%	0.17	75.8	3.5%	1.8	2.1	68	1.5

6	Dec_15_2020	1011.52	1034.96	1067.74	1059.34	1056.94	1061.6	1074.1(1.41%)	UT	OpenLong	75	0.3	37	20	39	31	0.8	54%	0.1	65	3.44%	1	0.7	68	0.8
7	Dec_14_2020	1010.54	1027.57	1067.15	1064.94	1057.21	1058.56	1059.17(0.12%)	UT	OpenLong	75	-0.1	12	-10	4	36	1.12	54%	0.13	64.9	3.44%	1.4	0.5	65	-0.6
8	Dec_11_2020	1009.23	1020.88	1070.14	1069.98	1066.87	1052.28	1057.87(-0.89%)	CR	SmallShort	-20	-0.2	-53	-100	-79	24	0.74	54%	0.13	54.4	3.44%	-0.3	0.6	62	0.3
9	Dec_10_2020	1007.92	1014.52	1068.3	1069.19	1069.96	1055.86	1067.37(2.81%)	DP	OpenShort	-75	-0	-333	-90	-411	-97	0.98	54%	0.11	44.3	3.45%	-0.3	0.8	67	0.9
10	Dec_9_2020	1006.81	1008.52	1064.01	1068.25	1074.65	1081.46	1038.19(-5.8%)	CR	SmallShort	-20	-0.5	-37	60	-68	55	1.43	54%	0.09	40.7	3.44%	-2.2	0.5	69	1

11	Dec_8_2020	1005.95	1001.33	1058.53	1076.5	1077.58	1084.07	1102.09(1.63%)	UT	HoldLong	65	0.4	296	50	317	231	1.08	54%	0.09	38.2	3.38%	1.5	1.5	81	1.6
12	Dec_7_2020	1005.01	991.24	1046.53	1069.89	1069.31	1067.85	1084.4(2.89%)	N/A	N/A	0	0.2	-11	-10	-45	91	0.93	54%	0.16	35.7	3.46%	1.1	1.4	79	1.1
13	Dec_4_2020	1003.43	988.41	1037.01	1071.09	1069.07	1071.09	1053.89(-0.83%)	UD	OpenLong	75	-0.3	32	10	-0	126	0.85	52%	0.13	46.7	3.47%	-1.5	1	77	1.2
14	Dec_3_2020	1002.14	986.87	1028.75	1067.19	1069.87	1070.78	1062.68(-1.55%)	UD	OpenLong	75	-0.1	174	10	166	198	1.51	49%	0.1	50.5	3.51%	-0.6	1.2	76	0.9
15	Dec_2_2020	1001.09	983.02	1016.12	1058.56	1057.22	1067.05	1079.44(0.97%)	UT	OpenLong	75	0.3	133	60	120	170	1.25	47%	0.11	46.4	3.58%	0.5	1.6	73	1

16	Dec_1_2020	1000.03	975.77	999.75	1036.92	1041.11	1068.96	1069.06(-1.96%)	UD	OpenLong	75	0.6	459	200	509	310	1.71	50%	0.1	27.6	3.64%	0.4	1.6	78	1
17	Nov_30_2020	999.02	967.83	984.66	1019.11	1016.47	1047.38	1090.38(5.41%)	UT	HoldLong	65	1.3	573	210	647	352	2.59	50%	0.06	9.7	3.7%	0.5	2.2	77	1.1
18	Nov_27_2020	998.43	959.08	966.76	998.73	994.86	1013.25	1034.39(1.46%)	UT	OpenLong	75	0.8	422	120	480	248	1.18	46%	-0.02	-10.1	3.64%	-2.4	1.6	47	1.1
19	Nov_25_2020	998.67	955.67	955.43	985.21	983.71	985.55	1019.52(4.97%)	UT	OpenLong	75	0.7	189	10	215	112	1.57	50%	0.01	-21.7	3.68%	2.1	1.4	47	1.3
20	Nov_24_2020	998.62	955.28	947.46	967.59	973.68	976.47	971.24(-0.89%)	UD	OpenLong	75	0.1	33	40	38	16	0.86	48%	-0.02	-28.4	3.66%	-0.9	0.3	48	1.1

21	Nov_23_2020	998.77	960.1	939.21	956.15	960.88	981.87	980.01(-0.86%)	UD	OpenLong	75	0.4	235	170	282	94	1.2	48%	-0.02	-31.1	3.67%	0.3	0.4	56	1.1
22	Nov_20_2020	998.96	962.49	931.31	943.99	945.54	970.88	988.51(2.25%)	UT	OpenLong	75	0.8	502	190	600	207	2.08	48%	-0.04	-38.9	3.67%	1	0.5	60	1.2
23	Nov_19_2020	999.38	963.91	935.11	929.95	924.78	939.89	966.77(3.79%)	UT	OpenLong	75	0.7	282	100	340	107	1.89	48%	-0.05	-48.8	3.68%	1.3	0.1	56	1.3
24	Nov_18_2020	999.89	965.71	940.71	921.75	916.45	920.2	931.43(1.9%)	UT	OpenLong	75	0.2	88	10	111	17	0.99	46%	-0.02	-57.4	3.66%	1.9	-0.6	47	1.3
25	Nov_17_2020	1000.06	970.17	946.77	924.9	920.19	909.68	914.02(-0.57%)	DT	OpenShort	-75	-0.2	-50	-100	-50	-50	0.75	46%		-58.7	3.65%	-0.1	-0.9	40	1.6
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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