Trading Signals: SHOP Stock Price Prediction and Forecast

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Mon. May. 15, 2017

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

(Shopify Inc. )
SHOP latest price $94.2400 (0.71%) ($93.5100 - $95.8800) on Mon. May. 15, 2017.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.12% (three month average)
RSI   78
Latest Price   $94.2400(0.71%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   SHOP advances 1.6% a day on average for past five trading days.
Weekly Trend   SHOP advances 10.7% 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(56%)    IWF(55%)    QQQ(55%)
Factors Impacting SHOP price   SHOP will decline at least -1.06% in a week (0% probabilities).
VIXM(-9%)    UUP(-8%)    SHY(-5%)    IPO(-5%)    TLT(-3%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.06% (StdDev 2.12%)
Hourly BBV 0 ()
Intraday Trend -0.2%

5 Day Moving Average   $92.41(1.98%)
10 Day Moving Average   $88.33(6.69%)
20 Day Moving Average   $81.95(15%)
To recent high   0%
To recent low   59.2%
Market Cap   $11.318b

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 9.26% (three month std-dev: 2.12%) daily (68% of days).

Sample size 16 Average positive next day return: 2.07%(50%) Average negative next day return: -2.35%(50%) Sample size 16 Average positive next three day return: 5.2%(31%) Average negative next three day return: -3.96%(69%) Sample size 16 Average positive next weekly return: 4.64%(50%) Average negative next weekly return: -4.27%(50%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20170615

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	May_15_2017	63.19	81.95	88.33	92.41	92.67	93.69	94.24(0.71%)	UT	HoldLong	65	0.2	133	90	67	329	2.33	81%	0.88	81.4	2.12%	0	1.6	78	0
2	May_12_2017	62.64	80.8	86.66	90.92	91.19	92.39	93.58(1.7%)	UT	HoldLong	65	0.4	111	100	52	289	1.81	81%	0.9	82.8	2.28%	0	1.8	78	0
3	May_11_2017	62.08	79.62	84.92	89.31	89.64	91.66	92.02(-1.12%)	UD	OpenLong	75	0.4	132	170	84	277	2.86	81%	0.86	82.4	2.3%	0	1.8	75	0
4	May_10_2017	61.55	78.46	83.05	87.17	87.59	90	93.06(4.39%)	UT	HoldLong	65	0.9	140	210	105	243	2.26	81%	0.89	78.5	2.3%	0	2.3	78	0
5	May_9_2017	61.01	77.22	81.11	84.91	85.25	87.63	89.15(2.73%)	UT	HoldLong	65	0.7	119	210	89	207	2.52	79%	0.81	77	2.26%	0	2.1	79	0

6	May_8_2017	60.52	76.2	79.8	83.67	83.59	85.18	86.78(1.46%)	UT	HoldLong	65	0.6	118	130	89	206	2.04	78%	0.78	78.6	2.25%	0	2	78	0
7	May_5_2017	60.05	75.27	78.66	81.77	82.27	82.88	85.53(5.14%)	UT	HoldLong	65	0.8	94	70	66	179	1.86	78%	0.76	74.7	2.22%	0	2.1	77	0
8	May_4_2017	59.6	74.39	77.68	79.85	80.45	82.01	81.35(-0.45%)	UD	OpenLong	75	0.3	80	160	53	161	1.4	76%	0.69	69.6	2.17%	0	1.6	75	0
9	May_3_2017	59.19	73.71	77.12	78.2	78.58	81.67	81.72(-1.52%)	UD	OpenLong	75	0.8	128	290	112	176	2.18	76%	0.7	55.3	2.18%	0	1.9	78	0
10	May_2_2017	58.78	73.03	76.19	76.68	76.36	78.89	82.98(7.4%)	UT	HoldLong	65	1.6	130	220	119	163	6.15	76%	0.74	44.5	2.16%	0	2.5	82	0

11	May_1_2017	58.35	72.3	75.01	75.41	74.55	75.5	77.26(1.72%)	UT	OpenLong	75	0.6	67	50	47	127	2.51	73%	0.62	41.4	2%	0	1.5	75	0
12	Apr_28_2017	57.99	71.84	74.46	75.13	74.45	73.83	75.95(3.91%)	UT	HoldLong	50	0.3	27	-90	-3	116	1.9	73%	0.61	39.4	1.98%	0	1.3	75	0
13	Apr_27_2017	57.64	71.48	73.95	75.21	74.99	73.6	73.09(-1.39%)	N/A	N/A	0	-0.7	-18	-140	-60	110	1.75	71%	0.59	44.6	1.95%	0	0.5	71	0
14	Apr_26_2017	57.3	71.44	73.62	75.81	75.91	75.07	74.12(-3.3%)	UD	OpenLong	65	-0.6	13	-70	-32	146	2.01	71%	0.61	60.3	1.94%	0	0.9	77	0
15	Apr_25_2017	56.95	71.33	73.15	75.51	76.05	76.38	76.65(1.08%)	UT	HoldLong	65	0.4	57	50	19	171	1.76	78%	0.65	67.9	1.88%	0	1.8	86	0

16	Apr_24_2017	56.58	70.99	72.41	74.5	75.16	76.74	75.83(-0.72%)	UD	OpenLong	75	0.5	85	170	59	162	1.57	78%	0.68	67.3	1.92%	0	1.8	78	0
17	Apr_21_2017	56.2	70.63	71.69	73.67	73.86	75.72	76.38(0.42%)	UT	HoldLong	65	1.1	109	180	92	161	1.78	78%	0.7	68	1.92%	0	2.4	84	0
18	Apr_20_2017	55.81	70.17	70.87	72.52	72.58	73.59	76.06(4.71%)	UT	OpenLong	75	1.7	90	100	78	126	1.67	78%	0.63	69.6	1.93%	0	2.8	75	0
19	Apr_19_2017	55.46	69.69	70.02	71.16	71.45	72.01	72.64(1.48%)	UT	OpenLong	75	0.9	41	70	35	58	1.22	76%	0.58	67.8	1.88%	0	1.7	46	0
20	Apr_18_2017	55.14	69.41	69.59	70.44	70.67	71.57	71.58(-0.17%)	UD	OpenLong	75	0.7	33	100	36	24	0.82	76%	0.55	67.6	1.88%	0	1.3	44	0

21	Apr_17_2017	54.84	69.27	69.33	69.98	69.98	70.89	71.7(1.51%)	UT	OpenLong	75	1.1	39	90	48	12	1.02	77%	0.55	74.9	1.87%	0	1.5	53	0
22	Apr_13_2017	54.54	69.03	68.95	69.39	69.42	69.77	70.63(1.99%)	N/A	N/A	0	0.7	20	40	31	-14	1.64	77%	0.52	66.5	1.89%	0	0.9	56	0
23	Apr_12_2017	54.26	68.76	68.77	68.96	69.02	69.07	69.25(0.28%)	DP	OpenShort	-65	0.2	-1	10	8	-28	0.76	76%	0.52	62.1	1.9%	0	0.3	58	0
24	Apr_11_2017	53.98	68.56	69.07	68.69	68.77	69.06	69.06(-0.32%)	N/A	N/A	0	0.2	1	30	5	-12	0.97	76%	0.47	60.7	1.9%	0	0.2	60	0
25	Apr_10_2017	53.73	68.32	69.37	68.59	68.69	68.97	69.28(0.83%)	UT	OpenLong	75	0.3	14	30	15	10	1	76%		64.6	1.89%	0	0.4	59	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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