Trading Signals: SHOP Stock Price Prediction and Forecast

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Fri. Mar. 12, 2021

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

(Shopify Inc. )
SHOP latest price $1140.6300 (-0.14%) ($1093.0310 - $1146.2650) on Fri. Mar. 12, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.65% (three month average)
RSI   30
Latest Price   $1140.6300(-0.14%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   SHOP advances 0.2% a day on average for past five trading days.
Weekly Trend   SHOP declines -7.4% a week on average for past two weeks.
Market Behavior   Rotation from growth to value for large cap. Value stock 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(53%)
Factors Impacting SHOP price   SHOP will decline at least -1.825% in a week (0% probabilities).
VIXM(-26%)    UUP(-17%)    VXX(-8%)    TBT(-2%)    UNG(1%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.825% (StdDev 3.65%)
Hourly BBV 0.9 ()
Intraday Trend 1.7%

Inflection Point   Yes
Resistance Level   $1261.24
5 Day Moving Average   $1114.79(2.32%)
10 Day Moving Average   $1165.56(-2.14%)
20 Day Moving Average   $1261.24(-9.56%)
To recent high   -22.6%
To recent low   7.7%
Market Cap   $136.985b

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 10.02% (three month std-dev: 3.65%) daily (68% of days).

Sample size 1 Average positive next day return: 0%(0%) Average negative next day return: -0.79%(100%) Sample size 1 Average positive next three day return: 1.31%(100%) Average negative next three day return: %(0%) Sample size 1 Average positive next weekly return: 6.11%(100%) Average negative next weekly return: 0%(0%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210412

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	Mar_12_2021	1139.75	1261.24	1165.56	1114.79	1126.43	1126.27	1140.63(-0.14%)	DP	OpenShort	-65	0.2	-1	30	35	-108	1.09	49%	0.12	-55.1	3.65%	0.9	-1	30	1.8
2	Mar_11_2021	1138.36	1277.1	1178.84	1112.86	1122.14	1126.33	1142.24(4.99%)	DP	OpenShort	-65	0.2	-19	50	19	-132	1.66	49%	0.11	-48.4	3.68%	1.4	-1	28	1.5
3	Mar_10_2021	1137.1	1293	1189.01	1114.3	1119.28	1126.59	1087.9(-3.79%)	DT	HoldShort	-50	-0.2	-29	60	12	-152	2.05	47%	0.03	-40.8	3.63%	-1.2	-1.6	28	1.2
4	Mar_9_2021	1136.78	1310.8	1210.55	1140.78	1130.64	1117.95	1130.74(5.44%)	DP	OpenShort	-75	-0.1	-210	-110	-202	-235	1.86	46%	0.06	-31.2	3.61%	1	-1.5	28	1.2
5	Mar_8_2021	1136.13	1322.46	1227.68	1176.45	1162.93	1111.98	1072.43(-5.18%)	DT	HoldShort	-65	-0.9	-758	-340	-847	-489	2.44	43%	0	-18.1	3.62%	-1.1	-2.1	19	0.4

6	Mar_5_2021	1136.08	1334.94	1259.01	1223.95	1210.35	1143.32	1131.01(-1.6%)	DT	HoldShort	-65	-0.9	-1236	-420	-1416	-696	3.93	45%	0.05	0.3	3.55%	-0.5	-2	24	0.6
7	Mar_4_2021	1135.53	1343.05	1289.31	1253.94	1258.69	1213.88	1149.44(-5.81%)	DT	HoldShort	-65	-1.1	-962	-240	-1098	-552	2.74	45%	0.06	16.6	3.58%	-1.5	-2.1	24	-0.4
8	Mar_3_2021	1134.83	1348.57	1313.65	1273.07	1282.85	1277.38	1220.3(-6.78%)	DT	OpenShort	-75	-0.6	-382	-10	-417	-278	1.15	48%	0.1	32	3.49%	-1.8	-1.5	27	0.3
9	Mar_2_2021	1133.64	1350.68	1334.22	1289.24	1287.03	1303.5	1309.06(-0.07%)	N/A	N/A	0	0.2	166	80	226	-16	1.27	51%	0.2	42.9	3.38%	0.4	-0.5	37	1
10	Mar_1_2021	1131.36	1343.79	1349.7	1287.48	1286.91	1288.32	1309.94(2.26%)	UT	OpenLong	75	0.2	264	10	338	41	1.27	51%	0.2	34.8	3.38%	1.2	-0.4	49	1

11	Feb_26_2021	1129.13	1334.69	1363.78	1301.75	1277.65	1270.57	1280.97(2.88%)	DP	OpenShort	-75	-0.2	-443	-90	-501	-268	1.31	54%	0.2	30.3	3.39%	0.2	-0.5	53	0.5
12	Feb_25_2021	1126.93	1328.08	1382.13	1332.56	1307.88	1285.49	1245.1(-4.31%)	DT	OpenShort	-75	-0.7	-267	-180	-306	-148	1.86	56%	0.16	33	3.4%	-2	-0.7	54	0.2
13	Feb_24_2021	1125.14	1322.1	1404.82	1360.45	1342.46	1284.73	1301.15(0.07%)	DP	OpenShort	-75	-0.5	-750	-340	-889	-334	1.11	59%	0.24	33.3	3.4%	-0.4	-0.2	63	1.4
14	Feb_23_2021	1122.43	1315.94	1419.05	1385.22	1366.08	1330.28	1300.24(-5.87%)	DT	OpenShort	-75	-0.6	-1113	-220	-1328	-468	3.44	59%	0.22	37.6	3.4%	-1	-0.1	61	1.3
15	Feb_22_2021	1119.99	1311.82	1425.76	1419.98	1398.38	1400.19	1381.3(-3.74%)	CR	SmallShort	-20	-0.3	-144	-40	-204	37	1.37	62%	0.33	46.7	3.31%	-1.3	0.5	76	1.1

16	Feb_19_2021	1116.32	1302.71	1418.31	1434.81	1417.34	1401.88	1435.01(3.64%)	UD	OpenLong	65	0	25	-110	-19	155	1.32	66%	0.36	51.1	3.27%	1.2	1	84	1.5
17	Feb_18_2021	1112.35	1290.56	1402.21	1440.47	1427.95	1396.57	1384.57(-2.84%)	DT	OpenShort	-75	-0.4	-571	-180	-728	-98	1.25	65%	0.34	53.9	3.27%	-0.9	0.7	79	1.3
18	Feb_17_2021	1108.59	1281.23	1388.08	1456.04	1446.14	1432.81	1425(-3.32%)	N/A	N/A	0	-0.2	-393	-80	-532	24	3.64	65%	0.38	59.2	3.24%	-0.5	1.1	85	1.4
19	Feb_16_2021	1104.43	1268.33	1370.07	1457.64	1459.31	1459.34	1474(1.27%)	UT	HoldLong	65	0.1	199	0	157	326	1.56	68%	0.61	61.5	3.2%	0.2	1.6	77	1.2
20	Feb_12_2021	1097.71	1252.4	1338	1431.86	1443.53	1459.48	1455.49(-0.53%)	UD	OpenLong	75	0.2	340	100	329	374	1.01	68%	0.52	59.2	3.18%	-1.1	1.7	69	1.5

21	Feb_11_2021	1092.08	1237.71	1303.11	1398.31	1410.55	1459.28	1463.31(0.06%)	UT	OpenLong	75	0.6	867	270	960	588	0.92	70%	0.52	56.3	3.2%	0.6	2.1	70	1.3
22	Feb_10_2021	1086.46	1223.37	1268.54	1357.82	1363.02	1427.57	1462.42(2.05%)	UT	OpenLong	75	1.1	1293	340	1475	748	2.08	70%	0.48	57.8	3.29%	1	2.5	70	1
23	Feb_9_2021	1081.22	1208.42	1230.75	1310.17	1313.27	1361.81	1432.99(6.53%)	UT	OpenLong	75	1.6	1195	270	1375	653	2.12	61%	0.48	57.5	3.31%	1.3	2.9	68	1.1
24	Feb_8_2021	1076.02	1194.48	1201.54	1270.64	1269.23	1298.48	1345.09(4.45%)	UT	OpenLong	75	1.3	629	160	721	351	1.23	58%	0.43	64.6	3.7%	1.8	2.6	66	1.1
25	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%		61.8	3.66%	1	2.2	63	1.1
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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