Trading Signals: SHOP Stock Price Prediction and Forecast

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Wed. Aug. 14, 2019

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

(Shopify Inc. )
SHOP latest price $352.8000 (-4.45%) ($347.5500 - $366.9400) on Wed. Aug. 14, 2019.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.99% (three month average)
RSI   57
Latest Price   $352.8000(-4.45%)
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 6.1% 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)
IBUY(62%)    IPO(62%)    ONLN(59%)    SKYY(59%)    ARKK(55%)
Factors Impacting SHOP price   SHOP will decline at least -1.495% in a week (0% probabilities).
VIXM(-29%)    VXX(-13%)    UUP(-10%)    SHY(-3%)    TLT(-2%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.495% (StdDev 2.99%)
Hourly BBV 0 ()
Intraday Trend -2.1%

5 Day Moving Average   $363.3(-2.89%)
10 Day Moving Average   $349.33(0.99%)
20 Day Moving Average   $338.86(4.11%)
To recent high   -4.6%
To recent low   39.4%
Market Cap   $42.37b

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 4.79% (three month std-dev: 2.99%) daily (68% of days).

Sample size 21 Average positive next day return: 1.52%(62%) Average negative next day return: -3.28%(38%) Sample size 21 Average positive next three day return: 2.84%(52%) Average negative next three day return: -2.53%(48%) Sample size 21 Average positive next weekly return: 2.64%(52%) Average negative next weekly return: -4.34%(48%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20190914

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	Aug_14_2019	281.34	338.86	349.33	363.3	362.79	360.87	352.8(-4.45%)	N/A	N/A	0	-0.6	-23	-40	-63	97	2.4	62%	0.54	74.5	2.99%	0	0.9	57	-2.1
2	Aug_13_2019	279.82	337.47	346.09	361.01	361.23	365.83	369.23(0.68%)	UT	OpenLong	75	0.5	120	90	108	157	1.93	63%	0.61	72.2	2.92%	0	1.9	64	-1
3	Aug_12_2019	278.11	334.79	340.61	353.69	353.95	364.71	366.73(-0.87%)	UD	OpenLong	75	0.9	232	220	249	180	1.75	63%	0.62	64.9	2.96%	0	2.2	63	-1.9
4	Aug_9_2019	276.4	332.52	335.78	344.63	344.61	356.63	369.95(3.39%)	UT	OpenLong	75	1.9	312	240	354	184	2.36	63%	0.62	52.8	2.95%	0	2.8	61	-1.4
5	Aug_8_2019	274.71	329.42	332	337.07	333.72	343.19	357.81(4.83%)	UT	OpenLong	75	1.9	200	170	229	112	1.89	62%	0.58	45.2	2.94%	0	2.6	60	-1.1

6	Aug_7_2019	273.12	327.19	329.22	333.79	329.63	332.58	341.31(2.6%)	UT	OpenLong	75	0.9	128	30	147	70	1.77	58%	0.52	46.3	2.89%	0	1.6	55	-1.9
7	Aug_6_2019	271.7	326.03	327.89	329.1	330.35	324.25	332.67(3.51%)	DP	OpenShort	-75	0.4	-1	-120	-0	-3	1.77	58%	0.48	38.1	2.9%	0	0.8	54	-2
8	Aug_5_2019	270.4	325.48	327.56	325.43	327.09	326.68	321.39(-3.25%)	DT	OpenShort	-75	-0.5	-138	10	-159	-73	2.39	56%	0.44	35.6	2.87%	0	-0.5	55	-3.5
9	Aug_2_2019	269.22	325.5	328.95	325.09	326.14	336.44	332.19(-2.69%)	UD	OpenLong	75	0.8	148	230	175	66	1.98	62%	0.47	44.6	2.86%	0	0.8	55	-2.3
10	Aug_1_2019	267.96	324.6	328.68	325.96	324.22	327.49	341.39(7.4%)	UT	OpenLong	75	1.8	186	50	215	97	4.61	62%	0.52	55	2.87%	0	2	66	-2.3

11	Jul_31_2019	266.57	323.16	327.48	324.35	323.38	315.84	317.88(1.14%)	DP	OpenShort	-75	-0.8	-117	-170	-142	-42	1.84	58%	0.44	68.7	2.76%	0	-0.7	54	-0.5
12	Jul_30_2019	265.4	322.95	328.37	326.69	327.45	320.95	314.3(-1.69%)	DT	OpenShort	-75	-1.5	-184	-130	-225	-62	1.78	62%	0.44	91.3	2.76%	0	-1.1	50	0.8
13	Jul_29_2019	264.23	322.61	328.96	329.88	330.88	330.92	319.71(-5%)	N/A	N/A	0	-1.1	-56	10	-77	6	2.22	62%	0.5	91.3	2.89%	0	-0.3	50	1.4
14	Jul_26_2019	262.91	321.76	329.55	332.98	332.64	333.94	336.54(0.96%)	UT	OpenLong	75	0.4	63	20	59	76	1.12	65%	0.59	77.7	2.81%	0	1.5	61	1.4
15	Jul_25_2019	261.38	320	327	331.67	332.57	330.85	333.34(1.14%)	UT	HoldLong	50	0.2	4	-30	-9	43	1.5	65%	0.57	60.8	2.81%	0	1.3	64	1.1

16	Jul_24_2019	259.89	317.86	325.2	331.24	332.63	331.35	329.57(-0.2%)	CR	SmallShort	-20	-0.1	-29	-10	-48	28	1.89	65%	0.56	38	2.81%	0	1	63	1.6
17	Jul_23_2019	258.44	315.69	324.15	330.39	332.43	334.29	330.22(-1.5%)	UD	OpenLong	75	-0	42	60	35	63	1.66	65%	0.57	25.1	2.82%	0	1.1	64	1.4
18	Jul_22_2019	256.97	314.7	323.26	327.82	330.3	333.92	335.24(1.59%)	UT	OpenLong	75	0.6	100	100	103	92	1.87	65%	0.57	22.5	2.81%	0	1.6	72	1
19	Jul_19_2019	255.51	314.09	321.71	325.58	326.68	330.58	330(-0.35%)	UD	OpenLong	75	0.4	119	90	123	106	1.48	65%	0.57	26.8	2.81%	0	1.3	73	0.8
20	Jul_18_2019	254.07	313.82	320.05	321.58	322.46	326.67	331.15(1.79%)	UT	OpenLong	75	0.8	116	100	122	99	1.7	65%	0.57	25.8	2.83%	0	1.4	73	1.1

21	Jul_17_2019	252.62	313.43	318.2	318.35	318.12	322.79	325.32(2.5%)	UT	HoldLong	65	0.6	103	100	105	97	3.75	65%	0.57	25.5	2.83%	0	1	77	1
22	Jul_16_2019	251.19	312.36	316.84	317.09	316.09	318.25	317.39(-2.05%)	UD	OpenLong	75	0	84	40	78	101	1.34	65%	0.53	22.2	2.82%	0	0.4	77	1.4
23	Jul_15_2019	249.87	311.78	315.68	318.01	316.54	313.46	324.02(4.52%)	N/A	N/A	0	0.5	-2	-80	-23	61	1.84	65%	0.58	24.2	2.81%	0	1	56	1.5
24	Jul_12_2019	248.43	310.8	313.34	317.4	318.05	313.93	310.02(-1.58%)	N/A	N/A	0	-0.6	-95	-80	-128	3	2.02	63%	0.54	23.6	2.77%	0	-0.1	41	1.7
25	Jul_11_2019	247.09	310.67	312.59	318.14	320.22	319.63	315(-1.26%)	N/A	N/A	0	-0.3	-14	10	-28	29	1.24	64%		29.4	2.76%	0	0.4	43	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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