Trading Signals: SHOP Stock Price Prediction and Forecast

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Fri. Jun. 25, 2021

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

(Shopify Inc. )
SHOP latest price $1473.5400 (-0.37%) ($1429.0300 - $1489.9500) on Fri. Jun. 25, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.07% (three month average)
RSI   87
Latest Price   $1473.5400(-0.37%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   SHOP advances 0.1% a day on average for past five trading days.
Weekly Trend   SHOP advances 9.7% 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(58%)    SKYY(55%)    IWF(53%)
Factors Impacting SHOP price   SHOP will decline at least -1.535% in a week (0% probabilities).
VIXM(-27%)    UUP(-16%)    VXX(-7%)    TBT(-1%)    UNG(1%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.535% (StdDev 3.07%)
Hourly BBV -0.9 ()
Intraday Trend -1.1%

5 Day Moving Average   $1488.35(-1%)
10 Day Moving Average   $1439(2.4%)
20 Day Moving Average   $1338.44(10.09%)
To recent high   -2.3%
To recent low   41.7%
Market Cap   $176.965b

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 8.63% (three month std-dev: 3.07%) daily (68% of days).

Sample size 38 Average positive next day return: 1.93%(58%) Average negative next day return: -2.77%(42%) Sample size 38 Average positive next three day return: 5%(42%) Average negative next three day return: -4.14%(58%) Sample size 38 Average positive next weekly return: 7.72%(53%) Average negative next weekly return: -4.94%(47%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210725

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	Jun_25_2021	1224.65	1338.44	1439	1488.35	1493.17	1484.79	1473.54(-0.37%)	CR	SmallShort	-20	-0.1	-265	-30	-367	43	1.8	62%	0.18	59.4	3.07%	-0.9	1.2	87	2
2	Jun_24_2021	1222.48	1326.46	1417.75	1487.01	1497.86	1504.57	1478.99(-1.44%)	UD	OpenLong	75	-0.1	179	50	152	260	1.33	58%	0.21	62.6	3.12%	-1.5	1.4	89	1.7
3	Jun_23_2021	1219.88	1313.95	1393.95	1481.07	1487.31	1501.56	1500.53(-0.52%)	UD	OpenLong	75	0.2	415	80	428	374	1.37	58%	0.22	67.6	3.18%	-0.2	1.7	93	1.7
4	Jun_22_2021	1217.17	1300.17	1365.79	1454.22	1460.56	1491.15	1508.44(1.91%)	UT	HoldLong	65	0.5	598	160	649	445	2.16	58%	0.31	71.3	3.18%	1	2.1	85	1.4
5	Jun_21_2021	1213.46	1286.76	1337.49	1416.75	1423.64	1473.06	1480.23(0.91%)	UT	HoldLong	65	0.7	974	260	1100	595	3.24	58%	0.32	79	3.19%	0.5	2.3	78	0.6

6	Jun_18_2021	1209.57	1273.11	1311.72	1382.03	1380.18	1429.97	1466.87(1.21%)	UT	HoldLong	65	1.1	1151	250	1316	654	2.55	55%	0.29	87.9	3.19%	1.1	2.6	78	-0.2
7	Jun_17_2021	1206.04	1259.66	1284.67	1338.06	1335.36	1374.21	1449.27(6.07%)	UT	HoldLong	65	1.9	930	200	1069	514	3.13	55%	0.3	101.9	3.25%	1.6	3.2	77	1
8	Jun_16_2021	1202.39	1245.06	1258.4	1294.43	1294.84	1330.39	1366.3(3.42%)	UT	OpenLong	75	1.7	728	190	842	384	2.32	52%	0.18	121.2	3.18%	1.8	2.8	71	0.9
9	Jun_15_2021	1200.28	1233.28	1243.65	1264.28	1263.61	1296.5	1321.08(1.11%)	UT	OpenLong	75	1.4	695	180	812	345	1.72	50%	0.1	113.4	3.16%	0.9	2.2	66	1
10	Jun_14_2021	1199.11	1222.24	1235.64	1246.21	1241.02	1259.3	1306.64(4.78%)	UT	OpenLong	75	1.4	478	90	561	228	1.45	50%	0.09	92	3.17%	1.7	1.9	57	1.4

11	Jun_11_2021	1197.99	1211.37	1228.31	1230.99	1230.21	1230.72	1247.02(1.29%)	UT	OpenLong	75	0.3	168	0	200	73	0.87	50%	0.04	72.7	3.11%	1.6	0.7	56	1.4
12	Jun_10_2021	1197.49	1202.04	1227.34	1222.74	1223.27	1222.74	1231.1(1.28%)	DP	OpenShort	-75	0.1	-74	-0	-84	-44	0.99	48%	0.03	53.1	3.17%	1.2	0.5	55	1.2
13	Jun_9_2021	1197.18	1195.1	1227.97	1216.32	1220.83	1229.71	1215.56(-1.23%)	UD	OpenLong	75	-0	103	60	123	42	0.51	51%	0.04	44.2	3.2%	-0.7	0.3	63	1
14	Jun_8_2021	1196.76	1190.13	1230.46	1219.12	1217.4	1223.79	1230.74(0.02%)	UT	OpenLong	75	0.2	138	30	159	74	0.71	49%	0.03	42.2	3.27%	1.2	0.6	73	1.2
15	Jun_7_2021	1196.41	1182.91	1233.23	1223.29	1219.55	1211.96	1230.55(2.06%)	N/A	N/A	0	0.1	-62	-50	-83	3	0.69	49%	0.05	39.7	3.33%	1.9	0.7	77	1.4

16	Jun_4_2021	1195.79	1176.88	1232.72	1225.75	1230.2	1211.01	1205.74(0.56%)	DP	OpenShort	-75	-0.3	-272	-100	-337	-76	0.61	46%	0.02	35.8	3.33%	-1.1	0.4	77	1.5
17	Jun_3_2021	1195.51	1171.39	1234.16	1232.77	1240.35	1227.15	1199(-2.49%)	DT	OpenShort	-75	-0.5	-305	-60	-384	-66	0.8	43%	-0	29	3.41%	-1.4	0.4	80	1.2
18	Jun_2_2021	1195.52	1167.52	1232.35	1240.74	1246.53	1249.39	1229.59(-1.76%)	N/A	N/A	0	-0.2	-32	30	-69	79	0.99	43%	0.04	21.5	3.5%	-1.5	0.9	75	1.5
19	Jun_1_2021	1195.09	1162.91	1223.72	1242.82	1247.52	1253.55	1251.56(0.7%)	UT	OpenLong	75	0.1	150	50	142	172	1.17	43%	0.07	22	3.5%	0.2	1.3	71	1.1
20	May_28_2021	1194.27	1156.09	1209.09	1244.79	1247.28	1243.66	1242.87(0.16%)	UT	OpenLong	75	-0	70	-10	46	142	0.87	43%	0.07	21.5	3.51%	0.2	1.3	74	1.5

21	May_27_2021	1193.42	1152.4	1194.06	1241.04	1245.76	1241.49	1240.84(0.16%)	N/A	N/A	0	-0	-52	-10	-97	82	1.04	43%	0.13	26.1	3.53%	-0.5	1.4	67	1.9
22	May_26_2021	1191.86	1151.04	1175.56	1235.86	1241.83	1250.89	1238.83(-0.09%)	UD	OpenLong	75	0	135	70	125	163	1.11	43%	0.1	31.8	3.56%	-0.7	1.3	69	1.5
23	May_25_2021	1190.63	1152.29	1160.11	1222.17	1229.18	1250.04	1240(-1.7%)	UD	OpenLong	75	0.3	447	140	497	298	1.45	41%	0.13	37.7	3.58%	-0.8	1.3	63	1.1
24	May_24_2021	1189.13	1147.6	1146.56	1200.84	1199.87	1232.78	1261.43(3.05%)	UT	OpenLong	75	0.9	540	190	612	322	1.4	41%	0.06	32.6	3.62%	1.4	1.8	61	0.9
25	May_21_2021	1188.38	1142.07	1127.63	1167.83	1168.74	1208.31	1224.12(0.76%)	UT	OpenLong	75	0.9	733	240	849	384	1.68	38%		21	3.64%	1.2	1.4	61	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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