A Closer Look at SHOP's Performance: Trader Robot Yields +3.28% Last Week
We delve into the performance of AI trading bots using the "Swing trader: Deep Trend Analysis v.2 (TA)" system, specifically focusing on their recent gains while trading SHOP (the ticker symbol for an undisclosed stock) over the previous week. Furthermore, we analyze the positive turning point indicated by the Moving Average Convergence Divergence (MACD) for SHOP, providing insights into the potential for continued upward momentum. Finally, we examine the recent earnings report and its impact on SHOP's market capitalization.
AI Trading Bots Outperform with a +3.28% Gain in SHOP Trading:
The AI trading robots implemented through the "Swing trader: Deep Trend Analysis v.2 (TA)" system exhibited an impressive performance while trading SHOP over the course of the previous week. These sophisticated bots achieved a substantial gain of +3.28%, showcasing their ability to navigate the volatile market and capture profitable opportunities.
MACD Turning Positive: Indications of a Promising Future for SHOP:
On July 13, 2023, the Moving Average Convergence Divergence (MACD) for SHOP turned positive, providing an important technical signal. To assess the potential implications, we analyzed historical instances where SHOP's MACD turned positive and its subsequent effect on the stock's performance. Our analysis revealed that in 44 out of 50 cases, SHOP experienced a continued upward trend over the following month. This statistical evidence suggests that the odds of a continued upward movement for SHOP are approximately 88%, making it an intriguing prospect for investors.
Earnings Report Highlights Strong Performance:
The most recent earnings report for SHOP, released on May 04, exceeded expectations and highlighted the company's strong performance. With earnings per share of 0 cents, SHOP surpassed the estimated -3 cents, indicating better-than-anticipated financial results. This positive outcome not only reflects the company's resilience but also signals its ability to adapt and thrive in dynamic market conditions.
Market Capitalization and Shares Outstanding:
With 3.67 million shares outstanding, SHOP currently boasts a market capitalization of 84.33 billion dollars. This figure represents the total market value of the company's outstanding shares and underscores SHOP's standing as a major player in the market.
Summary:
The utilization of AI trading robots, such as those employed in the "Swing trader: Deep Trend Analysis v.2 (TA)" system, has proven fruitful with a significant +3.28% gain in SHOP trading over the previous week. Moreover, the positive turning point of SHOP's MACD presents a compelling case for continued upward momentum, supported by historical data indicating an 88% chance of a continued upward trend. SHOP's recent earnings report, surpassing expectations with a 0 cents earnings per share, showcases the company's strong performance and reinforces investor confidence. As SHOP continues to exhibit resilience and promising market capitalization figures, it remains a stock worthy of consideration for those seeking potential investment opportunities.
SHOP's Indicator enters downward trend
The Aroon Indicator for SHOP entered a downward trend on August 29, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 169 similar instances where the Aroon Indicator formed such a pattern. In of the 169 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for SHOP moved out of overbought territory on September 07, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 47 similar instances where the indicator moved out of overbought territory. In of the 47 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on September 15, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on SHOP as a result. In of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for SHOP turned negative on September 18, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 51 similar instances when the indicator turned negative. In of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at .
SHOP moved below its 50-day moving average on September 18, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SHOP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
The 10-day moving average for SHOP crossed bullishly above the 50-day moving average on September 08, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where SHOP advanced for three days, in of 342 cases, the price rose further within the following month. The odds of a continued upward trend are .
SHOP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. SHOP’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock slightly better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (10.030) is normal, around the industry mean (21.161). P/E Ratio (277.778) is within average values for comparable stocks, (153.203). Projected Growth (PEG Ratio) (0.862) is also within normal values, averaging (2.676). Dividend Yield (0.000) settles around the average of (0.088) among similar stocks. P/S Ratio (11.806) is also within normal values, averaging (74.261).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
an operator of eCommerce website that allows customers to sell online by providing software to create an online store
Industry PackagedSoftware
SHOP and
Correlation & Price change
A.I.dvisor indicates that over the last year, SHOP has been closely correlated with COIN. These tickers have moved in lockstep 67% of the time. This A.I.-generated data suggests there is a high statistical probability that if SHOP jumps, then COIN could also see price increases.
| Ticker / NAME | Correlation To SHOP | 1D Price Change % | ||
|---|---|---|---|---|
| SHOP | 100% | -2.33% | ||
| COIN - SHOP | 67% Closely correlated | -1.87% | ||
| CLSK - SHOP | 64% Loosely correlated | -3.66% | ||
| RIOT - SHOP | 62% Loosely correlated | -4.02% | ||
| DDOG - SHOP | 62% Loosely correlated | -0.90% | ||
| HUBS - SHOP | 62% Loosely correlated | -1.45% | ||
More | ||||