Trading Signals: SHOP Stock Price Prediction and Forecast

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

Wed. Oct. 14, 2020

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

(Shopify Inc. )
SHOP latest price $1082.1200 (-2.21%) ($1066.5900 - $1114.3300) on Wed. Oct. 14, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.39% (three month average)
RSI   78
Latest Price   $1082.1200(-2.21%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   SHOP advances 0.2% a day on average for past five trading days.
Weekly Trend   SHOP advances 5.3% 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(61%)    IPO(60%)    ONLN(58%)    SKYY(56%)    IWF(54%)
Factors Impacting SHOP price   SHOP will decline at least -1.695% in a week (0% probabilities).
VIXM(-24%)    UUP(-17%)    VXX(-8%)    IGOV(-7%)    EDOC(-7%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.695% (StdDev 3.39%)
Hourly BBV 0 ()
Intraday Trend -2.6%

5 Day Moving Average   $1088.78(-0.61%)
10 Day Moving Average   $1071.94(0.95%)
20 Day Moving Average   $1012.69(6.86%)
To recent high   -4.6%
To recent low   24.3%
Market Cap   $129.958b

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 7.49% (three month std-dev: 3.39%) daily (68% of days).

Sample size 20 Average positive next day return: 0.81%(40%) Average negative next day return: -1.59%(60%) Sample size 20 Average positive next three day return: 4.31%(65%) Average negative next three day return: -3.26%(35%) Sample size 20 Average positive next weekly return: 6.34%(55%) Average negative next weekly return: -4.3%(45%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20201114

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	Oct_14_2020	955.72	1012.69	1071.94	1088.78	1095.05	1096.61	1082.12(-2.21%)	UD	OpenLong	65	-0.1	6	30	-21	86	1.2	57%	0.33	59.8	3.39%	0	0.9	78	2
2	Oct_13_2020	952.55	1003.06	1066.36	1087.05	1090	1101.16	1106.59(1.52%)	UT	HoldLong	65	0.3	198	80	199	193	1.12	54%	0.17	56.1	3.37%	0	1.4	79	2.1
3	Oct_12_2020	950.98	993.93	1058.15	1073.98	1081.24	1093.49	1090(-0.55%)	UD	OpenLong	75	0.2	298	100	317	239	1.32	54%	0.29	54.6	3.46%	0	1.3	69	2.7
4	Oct_9_2020	948.27	985.75	1046.29	1069.08	1069.42	1078.84	1096(2.51%)	UT	OpenLong	75	0.4	229	60	234	212	1.13	54%	0.32	52.2	3.46%	0	1.6	73	2.6
5	Oct_8_2020	945.28	976.36	1032.98	1055.68	1059.69	1069	1069.21(-0.39%)	UD	OpenLong	75	0.2	221	70	225	208	1.08	54%	0.32	42.9	3.46%	0	1.4	74	1.7

6	Oct_7_2020	942.3	969.25	1017.67	1052.73	1048.89	1060	1073.43(3.09%)	UT	HoldLong	65	0.3	193	60	190	203	1.25	54%	0.35	33.8	3.46%	0	1.7	77	1
7	Oct_6_2020	939.04	962.51	1002.45	1042.63	1043.64	1050.38	1041.25(-2.28%)	UD	OpenLong	75	-0	236	50	240	223	1.45	52%	0.33	16.7	3.45%	0	1.4	72	0.3
8	Oct_5_2020	935.94	956.06	993.69	1039.52	1037.18	1037.79	1065.53(3.55%)	UT	OpenLong	75	0.5	142	-0	129	182	1.57	52%	0.33	3.5	3.48%	0	2	66	0.6
9	Oct_2_2020	932.89	950.68	979.64	1019.72	1024.99	1036.89	1028.99(-2.41%)	UD	OpenLong	75	0.2	153	100	147	172	1.33	50%	0.3	-13.5	3.48%	0	1.6	62	0.4
10	Oct_1_2020	930.09	949.2	966.99	1006.1	1009.41	1036.58	1054.43(3.08%)	UT	OpenLong	75	1	521	200	583	333	1.75	53%	0.33	-25.2	3.47%	0	2.2	68	0.8

11	Sep_30_2020	927.03	948.93	948.46	976.94	983.06	1013.09	1022.97(-0.27%)	UD	OpenLong	75	0.9	608	230	698	337	1.93	53%	0.31	-41.3	3.56%	0	1.5	61	0.8
12	Sep_29_2020	924.17	953.1	934.35	956.11	953.15	982.24	1025.7(6.13%)	UT	OpenLong	75	1.1	475	200	551	247	3.12	53%	0.3	-35.7	3.58%	0	1.2	58	0.9
13	Sep_28_2020	921.36	954.13	923.61	941.82	937.13	953.04	966.5(0.58%)	UT	OpenLong	75	0.4	413	100	481	208	1.87	51%	0.29	-36.1	3.5%	0	0.2	57	0.7
14	Sep_25_2020	918.73	957.41	919.52	934.1	929.94	924.05	960.92(5.76%)	UT	OpenLong	75	0.4	101	-60	118	48	1.98	51%	0.27	-36.8	3.5%	0	0.1	47	0.6
15	Sep_24_2020	916.3	961.55	914.41	922.18	921.69	921.23	908.61(-1.11%)	DT	OpenShort	-75	-0.2	-147	-10	-164	-95	1.64	48%	0.2	-39.2	3.44%	0	-0.7	36	0.3

16	Sep_23_2020	914.51	970.26	916.84	914.61	916.77	935.83	918.81(-3.71%)	UD	OpenLong	75	0.1	290	150	359	83	1.83	48%	0.26	-35.8	3.44%	0	-0.7	31	0.1
17	Sep_22_2020	912.14	976.17	919.54	907.88	898.84	922.16	954.25(2.84%)	UT	OpenLong	75	0.6	334	150	422	71	2.49	50%	0.33	-37.8	3.41%	0	-0.3	29	0.7
18	Sep_21_2020	909.12	978.47	915.46	902.91	892	897.7	927.89(2.95%)	N/A	N/A	0	0.3	190	10	261	-23	2.23	50%	0.35	-40.9	3.41%	0	-0.7	36	0.8
19	Sep_18_2020	905.92	983.25	919.27	903.7	899.26	875.53	901.34(3.51%)	DP	OpenShort	-75	-0	-248	-200	-251	-240	2.44	52%	0.3	-39.5	3.4%	0	-1.1	36	1.1
20	Sep_17_2020	903.17	990.38	930	906.33	909.57	886.3	870.76(-1.63%)	DT	OpenShort	-75	-0.5	-618	-170	-685	-417	3.76	51%	0.26	-37.6	3.44%	0	-1.7	32	1.1

21	Sep_16_2020	900.82	997.93	949.72	919.01	926.09	922.99	885.18(-4.76%)	DT	OpenShort	-75	-0.5	-235	-0	-237	-228	3.64	51%	0.29	-35	3.44%	0	-1.7	30	0.7
22	Sep_15_2020	898.25	1005.46	973.65	931.84	935.96	932.85	929.39(-0.26%)	DP	OpenShort	-65	-0	-13	-10	17	-104	1.83	57%	0.34	-29.2	3.38%	0	-1.2	41	0.6
23	Sep_14_2020	895.18	1010.06	987.05	929.44	940.28	929.2	931.83(1.9%)	DP	OpenShort	-75	0	-136	-50	-131	-152	1.66	57%	0.33	-31.4	3.53%	0	-1.3	46	0.6
24	Sep_11_2020	892.23	1013.46	998.29	937.68	938.6	939.08	914.5(-2.11%)	DT	OpenShort	-75	-0.4	-261	10	-280	-202	1.64	57%	0.34	-34.2	3.53%	0	-1.8	42	0.3
25	Sep_10_2020	889.23	1018.39	1012.74	957.92	949.64	951.37	934.17(-1.59%)	DT	HoldShort	-50	-0.5	-11	-10	8	-68	1.72	57%		-34.6	3.54%	0	-1.6	42	-0.6
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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