Trading Signals: SHOP Stock Price Prediction and Forecast

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Fri. Feb. 3, 2023

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

(Shopify Inc. )
SHOP latest price $52.9300 (-1.31%) ($51.0000 - $54.6650) on Fri. Feb. 3, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   4.59% (three month average)
RSI   76
Latest Price   $52.9300(-1.31%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   SHOP advances 1.1% a day on average for past five trading days.
Weekly Trend   SHOP advances 13% a week on average for past two weeks.
Market Behavior   Broad based sell-off for large cap. Growth stock sell-off for small cap.
Correlated ETFs   Broad market will support SHOP advance at 0% a week (0% probability)
VUG(58%)    XLY(58%)    IWF(57%)    VT(56%)    IPO(55%)
Factors Impacting SHOP price   SHOP will decline at least -2.295% in a week (0% probabilities).
VIXM(-36%)    TBT(-21%)    UUP(-15%)    VXX(-11%)    VCSH(-6%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -2.295% (StdDev 4.59%)
Hourly BBV 0.3 ()
Intraday Trend 3.3%

5 Day Moving Average   $50.66(4.48%)
10 Day Moving Average   $48.76(8.55%)
20 Day Moving Average   $43.66(21.23%)
To recent high   -1.3%
To recent low   71.3%
Market Cap   $6.357b

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 13.4% (three month std-dev: 4.59%) daily (68% of days).

Sample size 50 Average positive next day return: 3.79%(42%) Average negative next day return: -3.49%(58%) Sample size 50 Average positive next three day return: 7.79%(32%) Average negative next three day return: -4.82%(68%) Sample size 50 Average positive next weekly return: 11.21%(36%) Average negative next weekly return: -6.58%(64%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

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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	Feb_3_2023	35.56	43.66	48.76	50.66	51.04	52.88	52.93(-1.31%)	UD	OpenLong	75	0.4	66	270	27	181	21.56	89%	0.57	71.6	4.59%	0.3	1.6	76	-0.9
2	Feb_2_2023	35.36	42.79	47.55	50.09	50.01	51.5	53.63(6.71%)	UT	HoldLong	65	0.6	81	200	42	197	26.59	89%	0.6	75.2	4.58%	1.1	1.9	80	-1.4
3	Feb_1_2023	35.15	41.95	46	49.03	48.91	49.19	50.26(2.01%)	UT	HoldLong	65	0.2	57	30	15	183	26.91	88%	0.51	81.6	4.55%	2.2	1.6	78	-1.5
4	Jan_31_2023	34.97	41.2	44.91	48.44	48.51	48.51	49.27(4.41%)	UT	HoldLong	65	0.2	59	0	15	189	21.29	88%	0.4	85.1	4.55%	0.3	1.7	77	-1.8
5	Jan_30_2023	34.83	40.46	43.97	47.12	47.91	48.63	47.19(-5.77%)	UD	OpenLong	75	0	55	160	14	179	18.85	88%	0.37	82	4.53%	-1	1.5	73	-1.8

6	Jan_27_2023	34.7	39.84	43.14	46.49	46.91	48.52	50.08(3.62%)	UT	HoldLong	65	0.8	82	270	44	196	24.46	95%	0.55	79.1	4.45%	1.5	2.3	80	-1.7
7	Jan_26_2023	34.51	38.94	41.79	44.57	45.44	47.18	48.33(2.11%)	UT	HoldLong	65	1	78	330	52	155	28.92	95%	0.52	71.8	4.91%	1.1	2.4	80	-1.6
8	Jan_25_2023	34.33	38.17	40.57	42.52	43.27	45.31	47.33(10.87%)	UT	OpenLong	75	1.4	62	380	44	114	58.96	95%	0.53	59.8	4.93%	2.1	2.7	72	-1.6
9	Jan_24_2023	34.15	37.46	39.44	40.89	41.33	43.71	42.69(-3.07%)	UD	OpenLong	75	0.6	52	440	39	90	15.92	94%	0.23	51.4	4.77%	0.4	1.8	70	-1.5
10	Jan_23_2023	34.07	37.04	38.87	40.35	40.21	41.23	44.04(8.79%)	UT	HoldLong	65	1.4	54	170	41	91	29.41	94%	0.44	46.8	4.78%	1.5	2.7	76	-1.6

11	Jan_20_2023	33.92	36.61	38.1	39.32	39.3	38.94	40.48(6.36%)	UT	OpenLong	75	0.5	24	-70	9	67	15.03	94%	0.3	39	4.67%	1.5	1.8	69	-1.3
12	Jan_19_2023	33.82	36.36	37.64	38.57	38.78	39.2	38.06(-2.83%)	UD	OpenLong	75	-0.3	16	90	1	62	15.3	93%	0.18	25.5	4.64%	-1.4	0.9	71	-1.2
13	Jan_18_2023	33.76	36.23	37.58	38.25	38.36	39.65	39.17(-2.03%)	UD	OpenLong	75	0.5	40	240	26	81	19.39	93%	0.24	14.6	4.63%	0.4	1.5	71	-1.1
14	Jan_17_2023	33.68	36.06	37.23	37.71	37.5	38.35	39.98(2.8%)	UT	OpenLong	75	1.3	38	140	25	78	20.04	94%	0.3	1.6	4.63%	1.6	2.2	72	-1.6
15	Jan_13_2023	33.58	35.85	36.7	37.16	36.85	37.06	38.89(5.79%)	UT	OpenLong	75	1.2	23	10	9	63	24.08	94%	0.15	-15.4	4.64%	2.5	2.1	64	-1.9

16	Jan_12_2023	33.53	35.79	36.31	36.75	36.92	36.65	36.76(0.88%)	UT	OpenLong	75	0	15	-40	3	50	19.96	93%	0.09	-27.7	4.6%	0.1	0.8	52	-1.6
17	Jan_11_2023	33.5	35.87	35.93	36.59	36.8	36.63	36.44(-0.16%)	UD	OpenLong	65	-0.1	2	-20	-8	32	19.9	93%	0.12	-29.4	4.6%	-0.8	0.4	52	-1.9
18	Jan_10_2023	33.46	35.95	35.64	36.81	36.7	37.18	36.5(-1.86%)	UD	OpenLong	75	-0.2	12	80	4	35	20.44	93%	0.12	-29.9	4.62%	-1	0.4	54	-2.1
19	Jan_9_2023	33.42	36.03	35.37	36.64	36.73	36.96	37.19(0.92%)	UT	OpenLong	75	0.3	20	50	17	30	17.4	93%	0.09	-43.5	4.63%	0.8	0.7	53	-2
20	Jan_6_2023	33.39	36.08	35.1	36.15	36.24	36.23	36.85(2.5%)	UT	OpenLong	75	0.4	5	10	4	8	15.95	84%	0	-61.8	4.79%	0.7	0.5	51	-1.8

21	Jan_5_2023	33.39	36.15	35	35.8	35.81	36.5	35.95(-4.24%)	N/A	N/A	0	0.1	10	140	14	-1	16.45	84%	-0.06	-70.1	4.8%	-0.1	-0.1	41	-1
22	Jan_4_2023	33.41	36.28	34.98	35.14	35.3	36.25	37.54(5.18%)	RB	SmallLong	20	1.3	17	200	28	-18	20.04	86%	-0.06	-73.4	4.78%	1.7	0.7	43	-0.9
23	Jan_3_2023	33.43	36.42	34.74	34.31	34.33	35.11	35.69(2.82%)	N/A	N/A	0	0.7	1	160	16	-45	18.84	85%	-0.33	-76.3	5.02%	1.4	-0.4	38	-0.1
24	Dec_30_2022	33.54	36.76	34.75	33.91	33.7	34.35	34.71(-1.11%)	DP	OpenShort	-65	0.3	-9	120	9	-62	13.26	85%	-0.18	-52.7	5.02%	1.4	-0.8	33	1
25	Dec_29_2022	33.6	37.17	34.91	33.9	33.53	33.56	35.1(7.54%)	DP	OpenShort	-65	0.4	-17	-30	2	-72	17.65	79%		-38	5.02%	0	-0.7	33	-57.9
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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