Trading Signals: SHOP Stock Price Prediction and Forecast

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Fri. Jan. 20, 2017

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

(Shopify Inc. )
SHOP latest price $50.0900 (-1.13%) ($49.8700 - $51.3700) on Fri. Jan. 20, 2017.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.78% (three month average)
RSI   82
Latest Price   $50.0900(-1.13%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   SHOP advances 0.6% a day on average for past five trading days.
Weekly Trend   SHOP advances 5.9% a week on average for past two weeks.
Market Behavior   Broad based rally for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support SHOP advance at 0% a week (0% probability)
IBUY(62%)    SKYY(60%)    ARKK(55%)    IWF(55%)    QQQ(55%)
Factors Impacting SHOP price   SHOP will decline at least -1.39% in a week (0% probabilities).
VIXM(-9%)    UUP(-8%)    SHY(-5%)    TLT(-3%)    IPO(-2%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.39% (StdDev 2.78%)
Hourly BBV 0 ()
Intraday Trend -1.3%

5 Day Moving Average   $49.67(0.85%)
10 Day Moving Average   $48.79(2.66%)
20 Day Moving Average   $46.05(8.77%)
To recent high   -1.1%
To recent low   32.2%
Market Cap   $6.016b

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 6.36% (three month std-dev: 2.78%) daily (68% of days).

Sample size 23 Average positive next day return: 3.72%(43%) Average negative next day return: -1.51%(57%) Sample size 23 Average positive next three day return: 3.5%(65%) Average negative next three day return: -3.61%(35%) Sample size 23 Average positive next weekly return: 3.54%(48%) Average negative next weekly return: -3.51%(52%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20170220

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	Jan_20_2017	42.91	46.05	48.79	49.67	49.94	50.49	50.09(-1.13%)	UD	OpenLong	75	0.1	47	90	18	134	0.92	67%	0.23	71.2	2.78%	0	1.4	82	0
2	Jan_19_2017	42.81	45.62	48.55	49.37	49.44	50.06	50.66(1.36%)	UT	HoldLong	65	0.4	56	90	24	152	1	67%	0.21	63.3	2.78%	0	1.6	84	0
3	Jan_18_2017	42.72	45.17	47.91	48.9	48.93	49.39	49.98(0.93%)	UT	HoldLong	65	0.3	52	70	21	145	0.85	67%	0.21	59.8	2.79%	0	1.6	80	0
4	Jan_17_2017	42.63	44.76	47.22	48.48	48.53	48.82	49.52(2.95%)	UT	HoldLong	65	0.3	49	40	17	143	1.31	67%	0.24	57.7	2.79%	0	1.6	84	0
5	Jan_13_2017	42.53	44.38	46.57	48.01	48.19	48.48	48.1(-0.99%)	UD	OpenLong	75	0	46	50	12	147	1.05	66%	0.19	56.4	2.76%	0	1.3	84	0

6	Jan_12_2017	42.45	44.06	46.08	47.77	47.84	48.24	48.58(0.52%)	UT	HoldLong	65	0.3	49	60	13	157	0.93	66%	0.19	58.8	2.76%	0	1.7	81	0
7	Jan_11_2017	42.37	43.72	45.54	47.59	47.46	47.91	48.33(0.96%)	UT	HoldLong	65	0.3	63	60	27	171	0.95	64%	0.14	64.2	2.76%	0	1.8	76	0
8	Jan_10_2017	42.31	43.39	45.05	46.75	46.97	47.45	47.87(1.46%)	UT	OpenLong	75	0.5	66	90	34	160	1.6	64%	0.14	63.8	2.8%	0	1.9	72	0
9	Jan_9_2017	42.25	43.09	44.4	45.74	45.95	47.02	47.18(0.6%)	UT	OpenLong	75	0.7	58	180	34	131	0.92	64%	0.12	65.1	2.8%	0	2	70	0
10	Jan_6_2017	42.2	42.84	43.7	44.88	44.9	46.49	46.9(-1.64%)	UD	OpenLong	75	1.1	65	250	51	106	2.06	64%	0.17	68.1	2.8%	0	2.2	67	0

11	Jan_5_2017	42.13	42.51	43.08	44.12	43.93	44.88	47.68(8.02%)	UT	OpenLong	75	2.3	59	140	51	82	5.07	64%	0.21	64.2	2.79%	0	3.4	72	0
12	Jan_4_2017	42.04	42.15	42.41	43.23	43.22	43.3	44.14(3.08%)	UT	OpenLong	75	0.9	16	10	8	39	0.85	60%	0.14	66	2.61%	0	2	59	0
13	Jan_3_2017	41.98	41.97	42.17	43.13	43.17	42.99	42.82(-0.12%)	UD	OpenLong	75	-0.3	11	-30	3	34	0.71	58%	0.14	59.4	2.59%	0	0.9	55	0
14	Dec_30_2016	41.92	41.79	42.09	42.83	43.09	43.14	42.87(-0.53%)	UD	OpenLong	75	0	17	30	13	29	0.41	58%	0.07	24.4	2.59%	0	1	54	0
15	Dec_29_2016	41.89	41.64	42.03	42.29	42.5	43.34	43.1(-0.28%)	UD	OpenLong	75	0.7	20	150	22	15	0.53	58%	0.1	-2.5	2.58%	0	1.2	52	0

16	Dec_28_2016	41.85	41.56	41.88	41.83	41.8	43.04	43.22(-0.96%)	UD	OpenLong	75	1.2	33	210	40	13	0.87	57%	0.12	-19.3	2.59%	0	1.5	63	0
17	Dec_27_2016	41.8	41.51	41.77	41.47	41.22	41.66	43.64(5.56%)	UT	OpenLong	75	2	25	60	31	5	0.75	57%	0.24	-38.8	2.6%	0	2	64	0
18	Dec_23_2016	41.7	41.43	41.58	41.12	40.96	40.57	41.34(2.91%)	DP	OpenShort	-75	0.2	-13	-80	-12	-17	0.64	53%	0.12	-56.6	2.49%	0	-0.1	57	0
19	Dec_22_2016	41.65	41.52	41.67	41.26	41.34	40.78	40.17(-1.54%)	DT	OpenShort	-75	-1	-20	-90	-26	-1	0.5	51%	0.07	-46.9	2.47%	0	-1.3	61	0
20	Dec_21_2016	41.62	41.66	41.92	41.71	41.8	41.35	40.8(-1.5%)	N/A	N/A	0	-0.9	-5	-70	-18	33	0.65	54%	0.17	-24.9	2.47%	0	-0.8	60	0

21	Dec_20_2016	41.55	41.77	41.94	41.9	42.03	41.91	41.42(-1.07%)	UD	OpenLong	65	-0.4	1	-10	-11	37	0.52	54%	0.19	-7.3	2.54%	0	-0.3	49	0
22	Dec_19_2016	41.47	41.93	41.9	42.07	42.03	42.24	41.87(-0.43%)	UD	OpenLong	75	-0.2	11	20	1	39	0.52	56%	0.17	22.1	2.54%	0	-0	46	0
23	Dec_16_2016	41.4	41.93	41.79	42.1	42.13	42.16	42.05(-0.85%)	UD	OpenLong	75	-0	9	10	2	31	0.45	56%	0.19	36.4	2.57%	0	0	47	0
24	Dec_15_2016	41.32	42.03	41.51	42.14	42.16	42.02	42.41(1.58%)	N/A	N/A	0	0.2	-1	-20	-4	9	0.7	56%	0.24	44.2	2.57%	0	0.3	45	0
25	Dec_14_2016	41.22	41.93	41.24	42.18	42.32	42.11	41.75(-1.23%)	DT	OpenShort	-75	-0.3	-1	-20	0	-5	0.53	56%		43.4	2.58%	0	-0.1	43	0
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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