Trading Signals: SHOP Stock Price Prediction and Forecast

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Fri. Feb. 5, 2021

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

(Shopify Inc. )
SHOP latest price $1287.7500 (2.13%) ($1252.5850 - $1296.7750) on Fri. Feb. 5, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.66% (three month average)
RSI   63
Latest Price   $1287.7500(2.13%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   SHOP advances 3.2% a day on average for past five trading days.
Weekly Trend   SHOP advances 2.2% 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(61%)    IPO(59%)    ONLN(58%)    SKYY(55%)    IWF(54%)
Factors Impacting SHOP price   SHOP will decline at least -1.83% in a week (0% probabilities).
VIXM(-26%)    UUP(-17%)    VXX(-8%)    TBT(-2%)    UNG(2%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.83% (StdDev 3.66%)
Hourly BBV 1 ()
Intraday Trend 2.1%

5 Day Moving Average   $1230.61(4.64%)
10 Day Moving Average   $1185.74(8.6%)
20 Day Moving Average   $1185.81(8.6%)
To recent high   0%
To recent low   45.4%
Market Cap   $154.653b

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 3.98% (three month std-dev: 3.66%) daily (68% of days).

Sample size 50 Average positive next day return: 1.64%(46%) Average negative next day return: -1.89%(54%) Sample size 50 Average positive next three day return: 2.66%(44%) Average negative next three day return: -3.34%(56%) Sample size 50 Average positive next weekly return: 2.94%(52%) Average negative next weekly return: -4.76%(48%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210305

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	Feb_5_2021	1071.44	1185.81	1185.74	1230.61	1238.74	1264.73	1287.75(2.13%)	UT	OpenLong	75	1.2	573	170	663	302	1.04	58%	0.4	61.8	3.66%	1	2.2	63	1.1
2	Feb_4_2021	1067.14	1178.94	1175.23	1192.78	1201.26	1239.99	1260.87(3%)	UT	OpenLong	75	1.7	586	250	686	284	1.42	61%	0.36	44.7	3.68%	1.2	2	59	1.1
3	Feb_3_2021	1063.27	1170.26	1167.67	1164.72	1164.08	1212.75	1224.16(-0.91%)	UD	OpenLong	75	1.4	768	290	907	350	1.16	61%	0.29	16.2	3.73%	0.7	1.3	52	0.7
4	Feb_2_2021	1060.23	1164.95	1164.34	1138.3	1136.55	1162.54	1235.35(7.9%)	UT	OpenLong	75	2.4	674	160	802	290	1.73	61%	0.3	-4.6	3.74%	1.7	1.7	55	-0.1
5	Feb_1_2021	1057.1	1157.77	1157.27	1123.19	1116.02	1115.42	1144.93(4.22%)	DP	OpenShort	-75	0.5	-66	-20	-64	-71	1.08	57%	0.22	-29.6	3.62%	1.7	-0.3	46	-1.3

6	Jan_29_2021	1054.73	1157.33	1159.88	1135.39	1131.18	1110.56	1098.59(-1.96%)	DT	OpenShort	-75	-0.9	-262	-140	-297	-157	0.99	50%	0.16	-28.1	3.66%	-0.9	-1.4	35	-2.7
7	Jan_28_2021	1053.03	1160.86	1168.5	1155.01	1156.22	1116.62	1120.57(2.61%)	DP	OpenShort	-75	-0.9	-544	-240	-634	-275	0.77	48%	0.17	-29	3.71%	-0.3	-1	46	-2.2
8	Jan_27_2021	1051.27	1163.58	1176.73	1170.52	1175.07	1151.8	1092.08(-5.84%)	DT	OpenShort	-75	-2.1	-649	-130	-765	-302	1.6	50%	0.17	-22	3.75%	-1.8	-1.9	56	-3
9	Jan_26_2021	1049.47	1166.82	1187.27	1192.3	1196.17	1195.82	1159.77(-3.83%)	CR	SmallShort	-20	-0.9	-36	10	-51	10	0.98	52%	0.11	-10.2	3.71%	-1.9	-0.2	60	0.3
10	Jan_25_2021	1048.32	1169.83	1189.49	1195.14	1198.16	1198.34	1205.92(0.77%)	UT	OpenLong	75	0.3	91	10	94	82	1.48	54%	0.23	-2.4	3.68%	-0.1	1	72	0.8

11	Jan_22_2021	1045.89	1169.06	1187.59	1188.05	1190.06	1196.52	1196.7(-0.12%)	UD	OpenLong	75	0.3	23	40	13	52	0.62	54%	0.18	-2.7	3.68%	0.1	0.8	61	1.5
12	Jan_21_2021	1044.01	1172.35	1184.03	1184.49	1186.24	1197.98	1198.15(-0.24%)	UD	OpenLong	75	0.4	178	70	196	123	0.7	53%	0.12	19.7	3.69%	0.7	0.7	55	1.8
13	Jan_20_2021	1042.72	1172.03	1173.72	1184.82	1186.12	1183.59	1200.98(2.3%)	UT	OpenLong	75	0.4	117	-10	127	86	0.81	53%	0.07	37.4	3.72%	1.4	0.8	54	1.7
14	Jan_19_2021	1042.02	1170.37	1165.69	1182.27	1185.7	1174.5	1173.97(0.3%)	DP	OpenShort	-75	-0.2	-177	-60	-217	-56	0.77	53%	0.11	41.6	3.71%	-0.3	0.1	54	1.3
15	Jan_15_2021	1040.92	1170.6	1158.13	1183.01	1188.95	1188.66	1170.47(-0.71%)	DT	OpenShort	-75	-0.3	-105	10	-128	-36	0.86	53%	0.12	55.3	3.69%	-1.2	-0	43	0.7

16	Jan_14_2021	1039.71	1170.02	1154.34	1186.7	1190.72	1196.89	1178.86(-1.75%)	UD	OpenLong	75	-0.2	133	50	154	71	1.17	53%	0.09	71.5	3.68%	-0.6	0.2	48	1.2
17	Jan_13_2021	1038.79	1165.24	1152.33	1182.83	1184.77	1189.25	1199.82(0.97%)	UT	OpenLong	75	0.4	166	30	197	71	0.69	53%	0.16	66.6	3.69%	0.9	0.8	41	1.4
18	Jan_12_2021	1037.11	1158.57	1148.71	1160.33	1169.69	1184.55	1188.24(0.9%)	UT	OpenLong	75	0.6	210	110	256	73	0.9	53%	0.19	45	3.69%	0.2	0.6	50	1.1
19	Jan_11_2021	1035.16	1152.4	1144.11	1146.43	1146.09	1180.28	1177.64(-0.95%)	UD	OpenLong	75	0.6	424	210	511	161	1.1	53%	0.16	34	3.69%	0.2	0.5	52	0.2
20	Jan_8_2021	1033.55	1147.18	1147.69	1129.38	1126.62	1154.82	1188.92(2.53%)	UT	OpenLong	75	1.1	599	170	720	237	1.37	53%	0.15	23.7	3.7%	1.4	0.7	51	1.6

21	Jan_7_2021	1032.01	1139.96	1147.61	1117.99	1110.06	1111.89	1159.53(6.64%)	UT	OpenLong	75	0.7	114	-10	151	4	1.37	53%	0.15	14.3	3.69%	1.8	0.3	52	1.5
22	Jan_6_2021	1030.46	1137.16	1157.99	1118.68	1113.96	1098.41	1087.31(-2.81%)	DT	OpenShort	-75	-0.5	-261	-110	-297	-151	1.26	50%	0.06	16.2	3.62%	-1.2	-0.8	55	-0.4
23	Jan_5_2021	1029.81	1137.57	1169.52	1135.54	1132.42	1108.24	1118.74(2.41%)	DP	OpenShort	-75	-0.3	-373	-160	-438	-178	0.9	51%	0.11	23.8	3.61%	-0.2	-0.3	59	-0.5
24	Jan_4_2021	1028.72	1134.85	1175.4	1141.2	1149.36	1129.51	1092.4(-3.49%)	DT	OpenShort	-75	-0.8	-456	-100	-541	-200	1.64	51%	0.13	27.6	3.62%	-1.6	-0.7	58	-1.6
25	Dec_31_2020	1027.36	1133.97	1185.16	1167.83	1167.93	1156.61	1131.95(-2.67%)	DT	OpenShort	-75	-0.5	-274	-70	-338	-81	0.82	51%		41.8	3.61%	-1.9	-0	60	1.2
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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