Trading Signals: SHOP Stock Price Prediction and Forecast

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

Thu. Nov. 18, 2021

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

(Shopify Inc. )
SHOP latest price $1681.3000 (2.66%) ($1637.2100 - $1697.5500) on Thu. Nov. 18, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.74% (three month average)
RSI   68
Latest Price   $1681.3000(2.66%)
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 5.6% a week on average for past two weeks.
Market Behavior   Rotation from value to growth 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(62%)    IPO(59%)    ONLN(58%)    IWO(54%)    SKYY(54%)
Factors Impacting SHOP price   SHOP will decline at least -1.37% in a week (0% probabilities).
VIXM(-27%)    UUP(-16%)    VXX(-7%)    IGOV(-6%)    TBT(-1%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.37% (StdDev 2.74%)
Hourly BBV 0.8 ()
Intraday Trend 2.1%

5 Day Moving Average   $1664.09(1.03%)
10 Day Moving Average   $1593.92(5.48%)
20 Day Moving Average   $1527.49(10.07%)
To recent high   0%
To recent low   27.9%
Market Cap   $201.917b

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 6.18% (three month std-dev: 2.74%) daily (68% of days).

Sample size 7 Average positive next day return: 3.13%(43%) Average negative next day return: -1.69%(57%) Sample size 7 Average positive next three day return: 5.44%(57%) Average negative next three day return: -3.55%(43%) Sample size 7 Average positive next weekly return: 2.61%(57%) Average negative next weekly return: -4.8%(43%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20211218

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	Nov_18_2021	1488.28	1527.49	1593.92	1664.09	1660.01	1658.8	1681.3(2.66%)	UT	OpenLong	75	0.2	237	-10	242	220	0.97	57%	0.15	56.8	2.74%	0.8	1.6	68	1.7
2	Nov_17_2021	1486.03	1517.47	1579.24	1625.9	1642.33	1657.09	1637.81(-2.24%)	UD	OpenLong	75	0.1	336	90	364	252	0.61	57%	0.11	53.9	2.72%	-1.5	1.4	67	2.1
3	Nov_16_2021	1484.45	1509.36	1565.04	1593.14	1603.85	1661.22	1675.32(1.14%)	UT	HoldLong	65	1	931	270	1066	527	0.91	57%	0.12	50.7	2.7%	0.7	2	76	2.1
4	Nov_15_2021	1482.61	1499	1544.65	1569.04	1564.97	1627.58	1656.5(-0.78%)	UD	OpenLong	75	1.2	1581	270	1831	832	1.47	57%	0.13	56.4	2.7%	0.9	2.1	75	2.2
5	Nov_12_2021	1480.74	1488.66	1530.51	1544.5	1536.37	1546.49	1669.52(12.02%)	UT	OpenLong	75	1.9	860	30	983	489	2.83	57%	0.13	60.6	2.7%	1.9	2.8	68	1.1

6	Nov_11_2021	1478.8	1475.67	1509.15	1516.2	1522.68	1502.37	1490.34(1.11%)	DP	OpenShort	-75	-0.5	-522	-80	-642	-161	0.54	47%	-0.01	64.8	2.26%	-0.8	0.3	58	0.5
7	Nov_10_2021	1478.9	1471.75	1506.56	1526.25	1530.84	1526.25	1474(-5.2%)	DT	OpenShort	-75	-1	-342	-10	-432	-72	0.69	47%	-0.02	69.4	2.28%	-2.3	0	49	0.5
8	Nov_9_2021	1479.25	1468.35	1497.08	1530.52	1535.58	1543	1554.85(1.37%)	UT	OpenLong	75	0.4	355	40	391	247	0.59	51%	0.05	70.6	2.19%	0.7	1.5	56	0.9
9	Nov_8_2021	1478.49	1458.52	1478.52	1514.87	1520.34	1535.44	1533.77(0.37%)	UT	OpenLong	75	0.3	264	80	294	172	0.76	51%	0.05	66.9	2.2%	1.2	1.3	55	1
10	Nov_5_2021	1477.81	1449.75	1467.44	1513.64	1510.94	1528.16	1528.06(-0.81%)	UD	OpenLong	75	0.2	564	70	649	308	0.65	51%	0.05	71.5	2.2%	0.4	1.3	57	1

11	Nov_4_2021	1477.01	1442.15	1456.83	1501.38	1502.09	1505.25	1540.56(3.02%)	UT	OpenLong	75	0.7	453	20	522	245	0.99	51%	0.12	71.2	2.2%	1.6	1.8	62	1.3
12	Nov_3_2021	1475.23	1434.68	1450.97	1484.67	1483.8	1493.72	1495.34(1.27%)	UT	OpenLong	75	0.2	140	50	154	96	0.71	49%	0.12	69.5	2.19%	0.2	1.1	61	1.3
13	Nov_2_2021	1473.45	1427.48	1449.26	1457.82	1465.07	1498.93	1476.64(-3.34%)	UD	OpenLong	75	0.3	922	180	1078	453	0.9	51%	0.12	53.3	2.18%	-0.9	0.9	60	1.3
14	Nov_1_2021	1471.72	1419.82	1449.47	1435.23	1429.48	1473.89	1527.62(4.15%)	UT	OpenLong	75	1.5	1148	210	1344	558	1.54	54%	0.2	36.4	2.17%	1.6	1.8	70	1.2
15	Oct_29_2021	1468.85	1409.08	1442.12	1414.74	1404.35	1431.22	1466.73(0.67%)	UT	OpenLong	75	0.9	1031	110	1207	501	1.26	50%	0.16	18.7	2.11%	0.9	1	67	1.2

16	Oct_28_2021	1466.45	1403.23	1437.81	1406.57	1396.76	1385.08	1457(7.04%)	UT	OpenLong	75	0.9	51	-80	55	40	3.75	50%	0.17	7	2.12%	1.5	1	62	1.2
17	Oct_27_2021	1463.98	1398.08	1432.89	1414.51	1405.16	1377.48	1361.12(-0.19%)	DT	OpenShort	-75	-1	-1114	-160	-1320	-496	1.45	44%	0.09	2.1	1.92%	-0.5	-0.7	47	1.1
18	Oct_26_2021	1462.65	1397.82	1437.91	1439.78	1436.88	1408.44	1363.7(-4.31%)	DT	OpenShort	-75	-1.4	-841	-140	-1011	-330	1.29	41%	0.09	7.9	1.93%	-1.7	-0.6	56	1.2
19	Oct_25_2021	1461.29	1398.42	1438.96	1464.19	1460.15	1432.84	1425.16(-0.05%)	DT	OpenShort	-75	-0.7	-907	-140	-1101	-324	0.8	44%	0.15	15	1.91%	-0.5	0.5	69	1.4
20	Oct_22_2021	1459.06	1398.92	1433.09	1472.18	1475.74	1465.31	1425.85(-4.73%)	DT	OpenShort	-75	-0.8	-448	-40	-567	-90	1.53	47%	0.16	15.6	1.95%	-1.5	0.5	70	1.5

21	Oct_21_2021	1456.74	1399.41	1428.88	1471.92	1475.71	1487.45	1496.71(0.62%)	UT	OpenLong	75	0.4	317	60	328	282	0.62	54%	0.19	12.6	1.88%	0.7	1.8	72	1.8
22	Oct_20_2021	1454.02	1396.94	1418.47	1453.93	1458.12	1486.17	1487.47(0.12%)	UT	OpenLong	75	0.6	793	140	892	495	0.71	57%	0.17	2.9	1.91%	0.7	1.7	70	1.7
23	Oct_19_2021	1451.61	1393.67	1404.5	1436.23	1439.16	1463.97	1485.74(1.41%)	UT	OpenLong	75	1	1100	130	1260	620	0.72	57%	0.02	-8.1	1.96%	1.2	1.8	71	1.9
24	Oct_18_2021	1451.26	1390.36	1387.56	1410.53	1414.57	1430.06	1465.11(2.85%)	UT	OpenLong	75	1.2	625	90	713	360	0.83	57%	0.16	-28.2	1.97%	1.8	1.6	63	2.1
25	Oct_15_2021	1448.97	1390.49	1372.27	1388.91	1394.95	1414.35	1424.58(1.27%)	UT	OpenLong	75	0.7	512	110	595	261	0.73	55%		-39.6	1.94%	1.4	0.7	45	2
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

Click to see actual return for next trading day.