Trading Signals: SHOP Stock Price Prediction and Forecast

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

Wed. Jul. 1, 2020

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

(Shopify Inc. )
SHOP latest price $1016.6400 (7.1%) ($948.0100 - $1017.8900) on Wed. Jul. 1, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   4.3% (three month average)
RSI   95
Latest Price   $1016.6400(7.1%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   SHOP advances 2.6% a day on average for past five trading days.
Weekly Trend   SHOP advances 9.6% a week on average for past two weeks.
Market Behavior   Growth stock rally for large cap. Value stock sell-off for small cap.
Correlated ETFs   Broad market will support SHOP advance at 0% a week (0% probability)
IBUY(61%)    IPO(61%)    ONLN(59%)    SKYY(56%)    IWF(54%)
Factors Impacting SHOP price   SHOP will decline at least -2.15% in a week (0% probabilities).
VIXM(-24%)    UUP(-17%)    VXX(-9%)    TBT(-4%)    DRIV(-4%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -2.15% (StdDev 4.3%)
Hourly BBV 0 ()
Intraday Trend 7.2%

5 Day Moving Average   $942.92(7.82%)
10 Day Moving Average   $919.38(10.58%)
20 Day Moving Average   $842.78(20.63%)
To recent high   0%
To recent low   193.6%
Market Cap   $122.094b

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 10.38% (three month std-dev: 4.3%) daily (68% of days).

Sample size 50 Average positive next day return: 3.75%(50%) Average negative next day return: -3.14%(50%) Sample size 50 Average positive next three day return: 4.79%(50%) Average negative next three day return: -7.1%(50%) Sample size 50 Average positive next weekly return: 9.19%(42%) Average negative next weekly return: -8%(58%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20200801

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	Jul_1_2020	611.99	842.78	919.38	942.92	935.56	960.75	1016.64(7.1%)	UT	HoldLong	65	0.8	532	170	587	368	3.45	77%	0.88	57.9	4.3%	0	2	95	0.6
2	Jun_30_2020	606.65	829.41	899.24	918.99	914.51	923.91	949.2(2.9%)	UT	HoldLong	65	0.4	222	60	224	214	2.75	75%	0.78	56.9	4.4%	0	1.5	86	0.3
3	Jun_29_2020	601.98	820.44	885.17	911.42	904.73	910.36	922.42(1.36%)	UT	HoldLong	65	0.1	75	20	49	152	2.74	75%	0.76	58.6	4.4%	0	1.4	85	-0.2
4	Jun_26_2020	597.45	811.91	873.77	907.89	906.6	905.1	910(-0.69%)	UD	OpenLong	75	0	112	-20	89	180	2.72	72%	0.75	55.9	4.48%	0	1.4	85	-0.9
5	Jun_25_2020	592.99	803.97	857.83	902.09	903.78	899.09	916.32(2.15%)	N/A	N/A	0	0.2	-18	-30	-64	121	2.42	72%	0.76	53.1	4.48%	0	1.7	87	-0.3

6	Jun_24_2020	588.49	794.99	839.24	891.54	899.08	908.1	897(-1.57%)	UD	OpenLong	75	0.1	111	100	89	176	3.42	75%	0.72	50.1	4.49%	0	1.6	83	-0.7
7	Jun_23_2020	584.29	787.25	824.07	875.61	886.41	908.46	911.34(0.72%)	UT	HoldLong	65	0.6	335	210	359	262	2.43	76%	0.78	46.1	4.77%	0	2.1	76	-0
8	Jun_22_2020	579.79	779.43	806.78	854.5	861.57	890.06	904.81(2.7%)	UT	OpenLong	75	1	383	260	423	264	2.4	76%	0.78	42.9	4.85%	0	2.4	69	-0.2
9	Jun_19_2020	575.3	774.46	788.85	834.63	837.64	864.35	881(2.02%)	UT	OpenLong	75	1.1	423	230	475	265	4.02	76%	0.72	43.7	4.85%	0	2.4	70	-0.8
10	Jun_18_2020	571.18	769.74	772.95	806.95	815.22	833.09	863.56(5.65%)	UT	OpenLong	75	1.5	367	180	418	213	3.09	74%	0.71	36.5	4.87%	0	2.5	69	-0.7

11	Jun_17_2020	567.18	764.87	759.33	779.26	786.71	810.94	817.36(1.44%)	UT	OpenLong	75	1.2	234	240	269	127	1.84	75%	0.63	22.8	4.91%	0	1.7	66	-0.9
12	Jun_16_2020	563.61	761.42	753.03	764.51	766.68	797.35	805.76(0.04%)	UT	OpenLong	75	1.5	374	290	438	183	2.64	67%	0.65	11.9	5.03%	0	1.6	62	-1
13	Jun_15_2020	559.99	757.9	749.48	751.7	752.47	762.49	805.47(8.47%)	UT	OpenLong	75	2	261	100	308	121	4.07	67%	0.62	-2.8	5.56%	0	1.8	56	-1.3
14	Jun_12_2020	556.52	755.66	743.97	736.74	740.84	736.02	742.58(2.41%)	DP	OpenShort	-75	0.2	-38	-30	-38	-38	2.12	62%	0.5	-9.5	5.49%	0	-0.5	31	-1.4
15	Jun_11_2020	553.74	756.34	745.39	733.78	737.38	742.45	725.12(-2.49%)	DT	OpenShort	-75	-0.4	-17	60	-11	-34	2.29	60%	0.48	-7.4	5.68%	0	-1.3	34	-2.6

16	Jun_10_2020	551.08	758	747.59	735.79	733.87	745.66	743.64(0.26%)	UT	OpenLong	75	0.3	86	100	111	12	1.49	62%	0.52	-1.3	5.73%	0	-0.6	44	0.9
17	Jun_9_2020	548.24	758.1	748.26	739.47	734.54	732.31	741.7(1.51%)	N/A	N/A	0	0.1	36	-40	51	-10	1.52	58%	0.36	14	5.79%	0	-0.7	50	1
18	Jun_8_2020	546.25	758.67	750.77	747.03	741.02	722.07	730.67(0.4%)	DP	OpenShort	-75	-0.7	-162	-200	-184	-95	1.89	58%	0.52	41.6	5.99%	0	-1.2	51	1.6
19	Jun_5_2020	543.4	758.01	759.74	752.5	752.73	736.76	727.77(-1.01%)	DT	OpenShort	-75	-1	-200	-150	-232	-104	2.48	56%	0.53	63.4	6.04%	0	-1.2	45	2
20	Jun_4_2020	540.55	758.12	767.19	758.5	760.22	759.97	735.19(-3.52%)	DT	OpenShort	-75	-0.9	-68	0	-79	-33	2.77	58%	0.55	87.3	6.05%	0	-0.9	49	1.6

21	Jun_3_2020	537.6	758.3	771.77	760.35	761.4	768.71	762.02(-2.24%)	UD	OpenLong	75	0.1	88	70	102	44	1.89	58%	0.62	107.8	6.08%	0	0.1	53	1.7
22	Jun_2_2020	534.29	754.85	771.19	757.95	754.73	760.47	779.5(2.84%)	UT	OpenLong	75	0.7	79	40	92	39	2.66	59%	0.66	99	6.08%	0	0.8	59	1.3
23	Jun_1_2020	530.79	749.17	767.28	755.62	746.91	754.1	758(0.03%)	DP	OpenShort	-75	0.1	-18	30	-21	-9	1.84	59%	0.64	86.3	6.11%	0	0.2	53	1
24	May_29_2020	527.4	742.59	768.3	769.06	758.46	749	757.8(1.8%)	UT	OpenLong	75	-0.2	6	-130	2	17	3.31	59%	0.65	73.3	6.15%	0	0.3	62	1.3
25	May_28_2020	524.02	736.78	768.22	777.97	772.74	739.71	744.43(-0.74%)	DT	OpenShort	-75	-0.7	-244	-320	-295	-92	3.76	60%		72.7	6.2%	0	0.1	57	0.9
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.