Trading Signals: SHOP Stock Price Prediction and Forecast

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

Fri. Apr. 16, 2021

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

(Shopify Inc. )
SHOP latest price $1207.8000 (-0.04%) ($1187.7300 - $1219.1900) on Fri. Apr. 16, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.44% (three month average)
RSI   70
Latest Price   $1207.8000(-0.04%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   SHOP declines -0.3% 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   Value stock rally for large cap. Normal for small cap.
Correlated ETFs   Broad market will support SHOP advance at 0% a week (0% probability)
IBUY(61%)    IPO(59%)    ONLN(57%)    SKYY(54%)    IWF(53%)
Factors Impacting SHOP price   SHOP will decline at least -1.72% in a week (0% probabilities).
VIXM(-26%)    UUP(-16%)    VXX(-7%)    IGOV(-4%)    TBT(-1%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.72% (StdDev 3.44%)
Hourly BBV 0.1 ()
Intraday Trend -0.3%

Inflection Point   Yes
5 Day Moving Average   $1207.91(-0.01%)
10 Day Moving Average   $1196.27(0.96%)
20 Day Moving Average   $1151.49(4.89%)
To recent high   -18.1%
To recent low   16.1%
Market Cap   $145.051b

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 5.23% (three month std-dev: 3.44%) daily (68% of days).

Sample size 4 Average positive next day return: 0%(0%) Average negative next day return: -1.75%(100%) Sample size 4 Average positive next three day return: 0.18%(25%) Average negative next three day return: -1.56%(75%) Sample size 4 Average positive next weekly return: 9.03%(25%) Average negative next weekly return: -1.34%(75%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210516

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	Apr_16_2021	1184.38	1151.49	1196.27	1207.91	1213.77	1205.38	1207.8(-0.04%)	N/A	N/A	0	-0	-26	-30	-57	69	0.73	44%	0.02	29.4	3.44%	0.1	0.9	70	1.8
2	Apr_15_2021	1184.14	1146.78	1191.27	1211.81	1214.31	1208.87	1208.34(2.41%)	N/A	N/A	0	-0.1	-159	-30	-219	23	0.94	44%	0.17	30.4	3.47%	-0.8	1	71	1.8
3	Apr_14_2021	1182.15	1144.32	1181.69	1214.68	1217.35	1222.16	1179.86(-4.97%)	UD	OpenLong	75	-0.6	81	30	61	142	1.31	44%	0.19	39.4	3.46%	-1.9	0.6	60	1.4
4	Apr_13_2021	1179.95	1142.26	1169.86	1210.6	1214.57	1219.75	1241.54(3.29%)	UT	OpenLong	75	0.5	261	40	277	213	1.08	46%	0.23	39.2	3.4%	1.8	1.7	57	1.7
5	Apr_12_2021	1177.2	1137.45	1150.05	1193.52	1196.11	1212.54	1202(-2.06%)	UD	OpenLong	75	0.2	162	100	169	140	1.03	46%	0.19	41.5	3.38%	-0.7	1.2	54	1.8

6	Apr_9_2021	1174.95	1133.98	1136.5	1182.31	1182.9	1209.39	1227.3(0.38%)	UT	OpenLong	75	0.9	509	160	582	290	1.23	46%	0.23	38.2	3.34%	1.2	1.9	62	1.5
7	Apr_8_2021	1172.21	1129.14	1119.49	1167.93	1168.46	1179.68	1222.69(5.45%)	UT	OpenLong	75	1.2	400	70	460	220	1.58	46%	0.26	32.8	3.37%	1.9	2.1	62	1.5
8	Apr_7_2021	1169.14	1122.07	1106.64	1144.69	1156.95	1156.41	1159.47(0.29%)	UT	OpenLong	75	0.4	132	30	153	68	0.66	47%	0.22	5.8	3.32%	0	0.9	47	1.4
9	Apr_6_2021	1166.56	1120.38	1105.66	1122.54	1139.94	1157.25	1156.14(0.89%)	UT	OpenLong	75	0.8	219	150	261	94	0.71	47%	0.21	-29.4	3.42%	1	0.9	51	1.2
10	Apr_5_2021	1164.07	1116.24	1104.88	1099.29	1111.25	1157.49	1145.95(-0.82%)	UD	OpenLong	75	1.2	633	320	754	271	0.73	47%	0.42	-70.8	3.44%	0.5	0.7	48	1.3

11	Apr_1_2021	1159.21	1115.25	1101.73	1083.14	1083.94	1122.63	1155.41(4.42%)	UT	OpenLong	75	1.8	899	250	1072	381	1.12	47%	0.19	-99.7	3.45%	1.1	1	51	1.3
12	Mar_31_2021	1157.04	1114.55	1097.12	1064.4	1057.87	1065.02	1106.5(5.51%)	UT	OpenLong	75	0.9	250	30	314	57	1.37	44%	0.2	-109	3.44%	1.6	-0.2	45	1.2
13	Mar_30_2021	1154.74	1119.74	1102.59	1064.3	1054.81	1045.26	1048.68(0.84%)	DP	OpenShort	-75	-0.3	-285	-90	-318	-187	1.5	42%	0.13	-87.6	3.38%	0.5	-1.2	47	1.2
14	Mar_29_2021	1153.22	1132.2	1112.35	1086.96	1080.19	1050.73	1039.91(-2.38%)	DT	OpenShort	-75	-0.7	-400	-210	-459	-223	1.05	42%	-0.01	-68.7	3.38%	-0.7	-1.4	40	1
15	Mar_26_2021	1153.28	1145.32	1124.72	1110.98	1107.71	1064.37	1065.21(0.33%)	DP	OpenShort	-75	-0.7	-731	-280	-858	-350	2.83	39%	0.03	-63	3.44%	-0.7	-1.1	52	1.4

16	Mar_25_2021	1152.98	1155.89	1132.86	1122.13	1129.99	1109.64	1061.68(-4.01%)	DT	OpenShort	-75	-0.9	-591	-110	-696	-274	1.76	39%	0.06	-68.9	3.47%	-1.5	-1.4	45	1.1
17	Mar_24_2021	1152.29	1165.17	1141.71	1133.21	1140.78	1151.05	1106.01(-4.82%)	UD	OpenLong	75	-0.4	31	80	33	26	1.07	41%	0.15	-71.9	3.46%	-2.5	-0.8	46	1
18	Mar_23_2021	1150.58	1174.59	1140.87	1145.84	1137.42	1150.33	1162(0.17%)	UT	OpenLong	75	0.2	282	60	330	138	0.89	40%	0.22	-72.2	3.42%	1.1	-0.2	43	1.1
19	Mar_22_2021	1148.01	1180.95	1137.57	1142.08	1133.04	1130.52	1160(3.48%)	RB	SmallLong	20	0.2	33	-40	45	-4	0.89	44%	0.21	-73	3.51%	2.2	-0.2	36	1.9
20	Mar_19_2021	1145.56	1191.12	1129.18	1141.88	1137.78	1124.52	1120.95(0.34%)	DP	OpenShort	-75	-0.2	-184	-90	-201	-133	0.8	44%	0.13	-66.7	3.57%	-0.8	-0.7	32	1.6

21	Mar_18_2021	1144.06	1206	1130.25	1145.81	1143.13	1135.56	1117.1(-4.45%)	DT	OpenShort	-75	-0.3	-196	-50	-210	-153	1.04	44%	0.08	-64.5	3.6%	-1.1	-0.9	35	1.2
22	Mar_17_2021	1143.12	1219.01	1133.43	1150.84	1142.23	1151.05	1169.17(2.27%)	N/A	N/A	0	0.2	18	30	44	-61	0.91	45%	0.08	-63.3	3.56%	1.2	-0.5	43	2.1
23	Mar_16_2021	1142.22	1231.08	1137.23	1134.59	1138.49	1150.71	1143.17(-1.37%)	UD	OpenLong	75	0.1	245	90	318	25	1.07	49%	0.1	-62.2	3.55%	-0.2	-0.7	36	1.9
24	Mar_15_2021	1141.13	1246.92	1152.06	1132.1	1129.87	1133.41	1159(1.61%)	RB	SmallLong	20	0.2	88	20	133	-47	0.71	49%	0.12	-58.9	3.68%	1.2	-0.7	37	2.4
25	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%		-55.1	3.65%	0.9	-1	30	1.8
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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