Trading Signals: SHOP Stock Price Prediction and Forecast

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Fri. Jul. 23, 2021

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

(Shopify Inc. )
SHOP latest price $1643.3200 (3.09%) ($1595.9300 - $1646.6000) on Fri. Jul. 23, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.86% (three month average)
RSI   67
Latest Price   $1643.3200(3.09%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   SHOP advances 2.6% a day on average for past five trading days.
Weekly Trend   SHOP advances 2.5% a week on average for past two weeks.
Market Behavior   Broad based rally for large cap. Growth stock rally for small cap.
Correlated ETFs   Broad market will support SHOP advance at 0% a week (0% probability)
IBUY(62%)    IPO(59%)    ONLN(58%)    SKYY(54%)    IWF(53%)
Factors Impacting SHOP price   SHOP will decline at least -1.43% in a week (0% probabilities).
VIXM(-27%)    UUP(-16%)    VXX(-7%)    TBT(-1%)    TLT(0%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.43% (StdDev 2.86%)
Hourly BBV 1.6 ()
Intraday Trend 2.6%

5 Day Moving Average   $1560.71(5.29%)
10 Day Moving Average   $1519.15(8.17%)
20 Day Moving Average   $1502.4(9.38%)
To recent high   0%
To recent low   56.8%
Market Cap   $197.355b

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 3.42% (three month std-dev: 2.86%) daily (68% of days).

Sample size 31 Average positive next day return: 1.5%(55%) Average negative next day return: -1.76%(45%) Sample size 31 Average positive next three day return: 3.29%(42%) Average negative next three day return: -3.32%(58%) Sample size 31 Average positive next weekly return: 3.34%(42%) Average negative next weekly return: -4.01%(58%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210823

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	Jul_23_2021	1254.01	1502.4	1519.15	1560.71	1561.41	1601.64	1643.32(3.09%)	UT	OpenLong	75	1.6	1019	180	1184	525	1.39	71%	0.4	40.4	2.86%	1.6	2.7	67	-0.2
2	Jul_22_2021	1248.97	1493.47	1502.99	1520.57	1515.94	1562.28	1594.09(1.58%)	UT	OpenLong	75	1.9	933	200	1090	461	1.85	65%	0.31	27.4	2.85%	1.3	2.5	65	-0
3	Jul_21_2021	1245.15	1488.16	1489.17	1490.06	1482.28	1521.19	1569.36(2.92%)	UT	OpenLong	75	2.5	960	170	1129	453	1.35	65%	0.21	25.8	2.9%	1.4	2.5	63	0.7
4	Jul_20_2021	1242.5	1484.53	1482.96	1468.78	1460.13	1469.59	1524.78(3.58%)	UT	OpenLong	75	2.1	378	30	448	169	1.28	64%	0.18	40.9	2.89%	1.9	1.5	55	-0.5
5	Jul_19_2021	1240.3	1482.09	1483.24	1467.12	1460.75	1443.38	1472.01(2.04%)	DP	OpenShort	-75	0.2	-262	-100	-306	-129	1.43	58%	0.16	73.5	2.88%	1.2	-0.4	47	-2.8

6	Jul_16_2021	1238.36	1481.98	1482.87	1471.67	1477.74	1450.67	1442.63(0.08%)	DP	OpenShort	-75	-1.1	-520	-120	-611	-248	0.96	58%	0.16	119.3	2.95%	-0.6	-1.6	47	0.3
7	Jul_15_2021	1236.34	1482.71	1485.16	1482.14	1491.58	1478.13	1441.5(-1.47%)	DT	OpenShort	-75	-1.6	-442	-40	-520	-206	1.17	58%	0.12	176.8	2.95%	-1.4	-1.7	46	1
8	Jul_14_2021	1234.91	1479.8	1487.88	1486.51	1498.06	1504.81	1463(-3.53%)	UD	OpenLong	75	-0.7	51	50	60	24	1.46	54%	0.13	153.4	2.96%	-2	-0.5	45	1.6
9	Jul_13_2021	1233.25	1473.63	1490.22	1497.95	1491.26	1505.02	1516.47(1.45%)	UT	OpenLong	75	0.4	123	50	143	63	1.19	56%	0.11	126.3	2.99%	1.1	0.9	51	1.2
10	Jul_12_2021	1231.87	1463.74	1487.69	1502.26	1499.65	1491.3	1494.74(-0.02%)	UD	OpenLong	75	-0.1	197	-40	228	102	1.17	56%	0.05	113.3	3.01%	1.3	0.5	53	1.2

11	Jul_9_2021	1231.26	1452.29	1485.62	1496.27	1500.06	1477.5	1494.99(2.16%)	DP	OpenShort	-75	-0	-403	-100	-476	-183	1.25	56%	0.09	91.3	3.03%	-0.1	0.6	55	1.1
12	Jul_8_2021	1230.13	1439.97	1483.96	1488.87	1497.59	1508	1463.34(-3.74%)	DT	OpenShort	-75	-0.3	-169	70	-200	-74	1.65	59%	0.03	78	3.02%	-1.3	0.3	55	-0.1
13	Jul_7_2021	1229.74	1428.57	1487.76	1488.4	1493.39	1522.63	1520.22(-1.16%)	UD	OpenLong	75	0.3	652	150	760	326	1.66	62%	0.04	68.8	3.04%	0.4	0.9	75	1
14	Jul_6_2021	1229.27	1414.55	1485.97	1480.95	1475.83	1487.18	1538.03(5%)	UT	HoldLong	65	0.5	362	40	414	205	1.92	62%	0.07	62.7	3.03%	1.9	1.2	82	0.9
15	Jul_2_2021	1228.43	1399.36	1479.62	1472.34	1472.81	1464.15	1464.75(0.46%)	N/A	N/A	0	-0.1	-44	-40	-68	30	1.04	60%	0	56.6	2.96%	-0.6	0.6	80	1.5

16	Jul_1_2021	1228.41	1386.98	1480.16	1474.1	1478.88	1464.48	1458(-0.2%)	DT	OpenShort	-75	-0.1	-250	-60	-320	-39	0.76	62%	-0	53.8	2.98%	-0.7	0.6	84	1.7
17	Jun_30_2021	1228.46	1374.53	1479.87	1478.3	1482.13	1481.47	1460.98(-1.48%)	CR	SmallShort	-20	-0.1	-194	0	-264	15	1.04	65%	0.02	52.9	3.06%	-1.5	0.7	85	1.5
18	Jun_29_2021	1228.17	1363.14	1471.74	1486.21	1489.04	1493.28	1482.99(-0.8%)	UD	OpenLong	75	-0	144	30	124	202	1.05	65%	0.11	55.1	3.05%	0.1	1	90	1.4
19	Jun_28_2021	1226.76	1351.38	1456.87	1491.3	1493.68	1482.8	1494.99(1.46%)	UD	OpenLong	65	0	22	-50	-26	164	1.28	65%	0.17	57	3.07%	0.2	1.2	87	1.7
20	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

21	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
22	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
23	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
24	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
25	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%		87.9	3.19%	1.1	2.6	78	-0.2
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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