Trading Signals: SHOP Stock Price Prediction and Forecast

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Thu. May. 12, 2022

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

(Shopify Inc. )
SHOP latest price $353.5100 (10.96%) ($308.0600 - $385.0000) on Thu. May. 12, 2022.

Trend Analysis and Forecast

Average Daily Percentage Swing   6.87% (three month average)
RSI   36
Latest Price   $353.5100(10.96%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   SHOP declines -3.3% a day on average for past five trading days.
Weekly Trend   SHOP declines -11.5% a week on average for past two weeks.
Market Behavior   Normal for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support SHOP advance at 0% a week (0% probability)
IBUY(56%)    IPO(53%)    ONLN(53%)    DRIV(50%)    FIVG(49%)
Factors Impacting SHOP price   SHOP will decline at least -3.435% in a week (0% probabilities).
VIXM(-20%)    UUP(-16%)    VXX(-3%)    TBT(-2%)    TLT(2%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -3.435% (StdDev 6.87%)
Hourly BBV 1 ()
Intraday Trend 12.7%

Resistance Level   $442.87
5 Day Moving Average   $345(2.47%)
10 Day Moving Average   $393.87(-10.25%)
20 Day Moving Average   $442.87(-20.18%)
To recent high   -60.3%
To recent low   11%
Market Cap   $42.455b

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 17.99% (three month std-dev: 6.87%) daily (68% of days).

Sample size 5 Average positive next day return: 0.99%(40%) Average negative next day return: -3.86%(60%) Sample size 5 Average positive next three day return: 4.97%(80%) Average negative next three day return: -18.35%(20%) Sample size 5 Average positive next weekly return: 11.58%(60%) Average negative next weekly return: -13.95%(40%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20220612

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	May_12_2022	763.67	442.87	393.87	345	341.09	334	353.51(10.96%)	DP	OpenShort	-75	0.1	-85	-180	-70	-129	9.4	36%	-1.37	-72.9	6.87%	1	-1.1	36	1.6
2	May_11_2022	774.31	455.15	402.91	356.92	352.03	335.77	318.59(-5.01%)	DT	OpenShort	-75	-0.5	-201	-360	-208	-180	6.32	32%	-1.38	-69.6	6.75%	-1.7	-1.6	26	1.8
3	May_10_2022	785.15	468.91	413.62	390.3	372.47	348.18	335.39(-1.37%)	DT	OpenShort	-75	-0.7	-280	-590	-306	-203	6.08	32%	-1.23	-68.1	6.74%	-0.7	-1.6	25	2.4
4	May_9_2022	794.91	483.05	423.74	416.26	403.46	368.28	340.04(-9.92%)	DT	HoldShort	-65	-0.9	-315	-700	-346	-221	6.38	34%	-1.26	-67.4	6.75%	-1.4	-1.8	21	2
5	May_6_2022	805.05	496.46	436.34	438.85	430.32	396.75	377.49(-8.62%)	DT	OpenShort	-75	-0.8	-347	-600	-384	-235	10.26	36%	-1.2	-69.2	6.61%	-1.1	-1.5	27	1.4

6	May_5_2022	814.84	509.75	445.08	448.72	443.71	438.63	413.09(-14.91%)	DT	OpenShort	-75	-0.5	-212	-110	-223	-179	11.35	37%	-1.19	-68.2	6.59%	-1.2	-1.2	30	1.7
7	May_4_2022	824.68	521.76	451.9	454.75	449.61	463.89	485.49(4.36%)	RB	SmallLong	20	0.4	115	190	167	-40	4.43	43%	-1.07	-67.7	6.4%	1.9	-0.5	33	1
8	May_3_2022	833.64	531.94	454.72	440.9	441.18	448.79	465.2(2.7%)	RB	SmallLong	20	0.3	98	120	153	-67	3.73	41%	-1.14	-67.4	6.47%	1.5	-0.8	32	-0.9
9	May_2_2022	843.25	544.47	467.17	433.47	431.87	435.33	452.98(6.13%)	DP	OpenShort	-65	0.2	-29	50	6	-132	3.37	39%	-1.22	-63.6	6.53%	1	-1	28	-0.1
10	Apr_29_2022	853.65	556.28	479.07	434.72	433.22	433.58	426.82(-3.71%)	DT	HoldShort	-50	-0.1	-32	-0	2	-133	3.97	42%	-1.27	-62.3	6.63%	-0	-1.3	25	0.2

11	Apr_28_2022	864.66	568.93	494.06	441.35	440.51	428.4	443.28(6.51%)	DP	OpenShort	-75	0	-103	-200	-81	-167	4.12	44%	-1.27	-64	6.68%	1.8	-1.3	23	0.8
12	Apr_27_2022	875.76	582.12	509.81	448.89	450.03	432.87	416.2(-2.78%)	DT	HoldShort	-65	-0.3	-250	-260	-255	-236	3.17	43%	-1.28	-63.6	6.69%	-1.4	-1.8	16	0.4
13	Apr_26_2022	887.15	598.69	527.72	470.65	470.93	452.61	428.09(-6.78%)	DT	HoldShort	-65	-0.5	-253	-270	-260	-233	3.7	43%	-1.15	-60.3	6.71%	-1.4	-1.9	14	1.4
14	Apr_25_2022	897.46	612.87	547.05	506.16	500.04	467.18	459.21(-0.17%)	DT	HoldShort	-65	-0.6	-306	-500	-326	-246	4	43%	-1.08	-55.5	6.68%	-1	-1.8	15	1.9
15	Apr_22_2022	907.26	624.49	562.03	530.52	532.76	489.25	459.97(-4.37%)	DT	HoldShort	-65	-0.9	-413	-560	-454	-290	4.47	45%	-1.11	-58.9	6.7%	-1.1	-2.1	22	1.1

16	Apr_21_2022	917.43	637.32	580.91	554.43	558.46	532.91	481(-8.38%)	DT	OpenShort	-75	-1.1	-388	-300	-429	-265	5.93	42%	-1.09	-56.1	6.74%	-1.4	-2.3	27	1.3
17	Apr_20_2022	927.52	649.05	598.98	579.18	579.81	576.26	525(-13.31%)	DT	OpenShort	-75	-0.9	-110	-40	-106	-122	5.09	44%	-1.1	-49.8	6.88%	-1.6	-2.1	28	0.7
18	Apr_19_2022	937.8	659.5	616.68	592.4	589.71	584	605.63(4.24%)	DP	OpenShort	-75	0.2	-35	-80	-18	-84	2.13	47%	-1.05	-35.6	6.69%	1.4	-1	31	0.8
19	Apr_18_2022	947.71	663.61	627.93	594.75	594.63	583.35	581(0.26%)	DP	OpenShort	-75	-0.3	-134	-130	-136	-128	2.31	46%	-1.07	-21.7	6.66%	-0.7	-1.6	35	1
20	Apr_14_2022	957.98	673.46	639.11	599.18	604.26	595.41	579.51(-4.18%)	DT	OpenShort	-75	-0.4	-118	-80	-118	-116	2.27	47%	-1.12	0.8	6.68%	-1.5	-1.8	39	1.5

21	Apr_13_2022	968.79	678.01	649.18	612.07	611.53	605.91	604.78(2.32%)	DP	OpenShort	-75	-0.1	-112	-70	-113	-109	2.88	45%	-1.02	18	6.68%	-0.4	-1.5	39	1.5
22	Apr_12_2022	978.77	679.63	659.29	622.43	623.67	613.12	591.06(-4.26%)	DT	OpenShort	-75	-0.6	-98	-110	-99	-96	3.67	45%	-1.05	25.2	6.75%	-1.9	-1.7	37	1
23	Apr_11_2022	989.12	678.94	674.62	644.81	637	617.16	617.38(2.35%)	DP	OpenShort	-75	-0.4	-223	-250	-251	-140	3.89	45%	-1.11	36	6.74%	0.1	-1	37	0.1
24	Apr_8_2022	1000.18	674.93	683.52	666.79	662.76	634.22	603.18(-6.33%)	DT	OpenShort	-75	-1	-242	-320	-278	-135	4.17	45%	-1.1	40.3	6.69%	-1.6	-1.1	43	0.7
25	Apr_7_2022	1011.3	673.08	692.21	684.75	685.41	656.84	643.97(-1.92%)	DT	OpenShort	-75	-0.6	-271	-290	-312	-147	2.89	45%		42.8	6.71%	-0.6	-0.4	37	1.3
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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