(Shopify Inc. )

	SHOP latest price $40.5700 (-2.55%) ($39.9500 - $41.5400) on Tue. Sep. 13, 2016.
	Trend Analysis and Forecast
Average Daily Percentage Swing	2.71% (three month average)
RSI	45
Latest Price	$40.5700(-2.55%)
Stocks Behave Similarly	Similar Stock List
Daily Trend	SHOP declines -1.2% a day on average for past five trading days.
Weekly Trend	SHOP advances 0.7% 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)   SKYY(60%)    ARKK(55%)    IWF(55%)    QQQ(55%)    IVW(52%)
Factors Impacting SHOP price	SHOP will decline at least -1.355% in a week (0% probabilities).   VIXM(-10%)    UUP(-8%)    SHY(-4%)    BOTZ(-4%)    IPO(-3%)
Relative Volatility	(options are extremely cheap)
Market Trend Strength	-1.355% (StdDev 2.71%)
Hourly BBV	0 ()
Intraday Trend	-1.5%

Resistance Level	$41.37
5 Day Moving Average	$41.85(-3.06%)
10 Day Moving Average	$41.82(-2.99%)
20 Day Moving Average	$41.37(-1.93%)
To recent high	-6.1%
To recent low	49.4%
Market Cap	$4.872b

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 Lütke, Daniel Weinand and Scott Lake on September 28, 2004 and is headquartered in Ottawa, Canada.

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