Trading Signals: SHOP Stock Price Prediction and Forecast

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Mon. Mar. 6, 2023

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

(Shopify Inc. )
SHOP latest price $43.4800 (0.18%) ($43.1700 - $44.0550) on Mon. Mar. 6, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   4.14% (three month average)
RSI   40
Latest Price   $43.4800(0.18%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   SHOP advances 1.5% a day on average for past five trading days.
Weekly Trend   SHOP declines -6.5% a week on average for past two weeks.
Market Behavior   Growth stock rally for large cap. Broad based sell-off for small cap.
Correlated ETFs   Broad market will support SHOP advance at 0% a week (0% probability)
VUG(56%)    VT(55%)    XLY(55%)    IWF(54%)    QQQ(54%)
Factors Impacting SHOP price   SHOP will decline at least -2.07% in a week (0% probabilities).
VIXM(-34%)    TBT(-18%)    UUP(-15%)    VXX(-11%)    IGOV(-4%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -2.07% (StdDev 4.14%)
Hourly BBV 0.8 ()
Intraday Trend -0.5%

Resistance Level   $45.16
5 Day Moving Average   $41.86(3.87%)
10 Day Moving Average   $41.66(4.37%)
20 Day Moving Average   $45.16(-3.72%)
To recent high   -18.9%
To recent low   33.2%
Market Cap   $5.222b

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 9.57% (three month std-dev: 4.14%) daily (68% of days).

Sample size 14 Average positive next day return: 3.07%(64%) Average negative next day return: -6.57%(36%) Sample size 14 Average positive next three day return: 13.81%(36%) Average negative next three day return: -5.75%(64%) Sample size 14 Average positive next weekly return: 14.21%(36%) Average negative next weekly return: -8.88%(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	Mar_6_2023	39.13	45.16	41.66	41.86	41.71	42.98	43.48(0.18%)	N/A	N/A	0	0.4	5	200	33	-81	14.86	70%	0.46	-48.9	4.14%	0.8	-0.4	40	0.3
2	Mar_3_2023	38.95	45.6	41.63	41.26	41.02	41.27	43.4(5.39%)	DP	OpenShort	-65	0.5	-13	30	19	-109	16.94	70%	0.46	-47.3	4.21%	1.8	-0.5	41	0.2
3	Mar_2_2023	38.77	46.09	41.73	40.73	40.57	40.44	41.18(2.69%)	DP	OpenShort	-75	0.1	-42	-30	-8	-144	16.92	68%	0.41	-43.6	4.18%	1.1	-1	33	1.5
4	Mar_1_2023	38.61	46.55	42.84	40.97	40.67	40.78	40.1(-2.53%)	DT	OpenShort	-75	-0.2	-37	-0	-6	-130	13.45	71%	0.39	-41	4.17%	-1.2	-1.4	30	1.5
5	Feb_28_2023	38.46	47.04	43.81	41.36	41.05	40.71	41.14(1.63%)	DP	OpenShort	-75	-0	-31	-80	-1	-120	13.03	74%	0.39	-35.3	4.36%	1.9	-1.3	29	0.6

6	Feb_27_2023	38.31	47.37	44.55	41.41	41.33	40.56	40.48(-0.66%)	DT	OpenShort	-75	-0.2	-48	-140	-19	-133	18.47	74%	0.37	-34	4.37%	-0.7	-1.6	27	1.3
7	Feb_24_2023	38.17	47.88	45.35	42.04	41.67	41.39	40.75(-3.85%)	DT	OpenShort	-75	-0.3	-52	-70	-23	-137	20.95	74%	0.29	-22.6	4.37%	-0.9	-1.8	26	2.2
8	Feb_23_2023	38.06	48.3	46.26	42.87	42.5	42.1	42.38(0.83%)	DP	OpenShort	-75	-0.1	-53	-90	-26	-135	20.41	74%	0.32	-6.6	4.38%	1.5	-1.6	26	0.6
9	Feb_22_2023	37.94	48.59	47.02	45.07	43.34	41.94	42.03(1.47%)	DP	OpenShort	-75	-0.9	-61	-340	-44	-113	20.04	74%	0.29	22.1	4.4%	-0.2	-1.9	37	0.6
10	Feb_21_2023	37.83	48.69	47.97	46.69	45.84	42.91	41.42(-5.02%)	DT	OpenShort	-75	-1.6	-57	-500	-47	-87	24.44	74%	0.67	40.8	4.4%	-1.2	-2.2	38	0.7

11	Feb_17_2023	37.58	48.89	49.03	48.14	47.71	44.73	43.61(-2.89%)	DT	OpenShort	-75	-1.3	-63	-460	-63	-62	26.37	77%	0.48	58.8	4.36%	-0.9	-1.5	47	0.2
12	Feb_16_2023	37.4	48.81	49.99	49.08	48.87	48.78	44.91(-15.88%)	DT	OpenShort	-75	-1	-35	-30	-36	-31	66.62	77%	0.43	63.4	4.36%	-1.2	-1	44	-0.3
13	Feb_15_2023	37.24	48.55	50.89	50.03	49.58	50.7	53.39(6.55%)	UT	OpenLong	75	0.8	32	130	34	26	35.82	93%	0.7	67.3	3.87%	1.8	1.1	62	0.1
14	Feb_14_2023	36.98	47.85	50.56	49.31	49.13	48.95	50.11(2.9%)	UT	OpenLong	75	0.2	3	-40	1	9	18.47	92%	0.63	64	3.82%	0	0.5	59	-0.2
15	Feb_13_2023	36.75	47.37	50.49	49.56	49.44	48.46	48.7(0.83%)	N/A	N/A	0	-0.2	-11	-150	-22	23	11.34	92%	0.55	68.8	3.83%	-0.1	0.3	68	0.1

16	Feb_10_2023	36.55	46.92	50.4	50.13	50.06	49.31	48.3(-2.7%)	N/A	N/A	0	-0.4	-13	-110	-30	39	14.7	94%	0.58	71	3.95%	-1.2	0.3	63	0.2
17	Feb_9_2023	36.34	46.38	50.6	51.06	50.92	50.42	49.64(-0.32%)	UD	OpenLong	65	-0.3	9	-80	-15	80	17.37	89%	0.53	72.6	4.51%	-1.6	0.6	72	-0.9
18	Feb_8_2023	36.15	45.75	50.51	51.86	51.48	50.82	49.8(-3.02%)	UD	OpenLong	65	-0.4	22	-110	-12	123	13.1	89%	0.56	72.9	4.58%	-1.2	0.7	75	-0.8
19	Feb_7_2023	35.95	45.11	50.3	51.95	52.15	51.42	51.35(-0.43%)	UD	OpenLong	65	-0.1	38	-90	-2	157	20.42	89%	0.53	72.4	4.56%	-0.7	1.1	74	-0.9
20	Feb_6_2023	35.76	44.4	49.49	51.53	51.82	52.15	51.57(-2.57%)	UD	OpenLong	75	0	46	60	5	167	13.57	89%	0.56	73.1	4.56%	-1.7	1.2	72	-1.1

21	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
22	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
23	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
24	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
25	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%		82	4.53%	-1	1.5	73	-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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