$SHOP Stock Soars with the Help of Trader Robot's +4.02% Gain
With the advent of AI-driven trading bots, such as "Swing trader: Deep Trend Analysis (TA)," investors can now harness the power of advanced algorithms to make more informed decisions. In this article, we will analyze the recent earnings results of SHOP, a prominent stock, and evaluate the performance of an AI trading bot in handling this market.
SHOP's Momentum Indicator and Potential Upward Move
On July 12, 2023, SHOP's Momentum Indicator moved above the crucial 0 level, signaling a potential shift towards a new upward trend. This development caught the attention of traders, who may consider buying the stock or call options to capitalize on the expected positive movement. Tickeron's A.I.dvisor, an AI-powered trading analytics platform, analyzed 80 similar instances of the indicator turning positive and found that in 72 of those cases, the stock moved higher in the following days. This implies a promising 90% chance of SHOP's price trending upwards, making it an attractive opportunity for investors.
Earnings Report Highlights
The latest earnings report for SHOP was released on May 04, 2023, revealing earnings per share (EPS) of 0 cents, surpassing the estimated -3 cents. This positive surprise indicates that the company performed better than analysts had anticipated. Such a result could potentially attract more investors, as it showcases SHOP's ability to outperform expectations and deliver positive financial outcomes.
Market Capitalization and Implications
Currently, SHOP boasts 7.38 million shares outstanding, with a market capitalization of 83.86 billion USD. Market capitalization is a key metric used to evaluate the size and value of a company, and in SHOP's case, it highlights the company's significant presence and influence in the market.
AI Trading Bot's Remarkable Performance
The AI trading bot accessible at "Swing trader: Deep Trend Analysis (TA)" proved its mettle by generating a remarkable +4.02% gain while trading SHOP over the previous week. This noteworthy performance reflects the bot's ability to identify trends and capitalize on market opportunities, providing traders with a valuable tool to enhance their investment strategies.
Summary
SHOP's recent Momentum Indicator crossing above the 0 level, combined with its positive earnings surprise and substantial market capitalization, paints a promising picture for the stock's future performance. The AI trading bot's impressive gain further emphasizes the potential value AI-powered tools can bring to investors seeking an edge in the dynamic financial markets.
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 165 similar instances where the Aroon Indicator formed such a pattern. In of the 165 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
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 52 similar instances when the indicator turned negative. In of the 52 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.
The 10-day moving average for SHOP crossed bearishly below the 50-day moving average on September 21, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
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 RSI Indicator 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 Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 7 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.
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 (9.208) is normal, around the industry mean (19.856). P/E Ratio (277.778) is within average values for comparable stocks, (152.778). Projected Growth (PEG Ratio) (0.862) is also within normal values, averaging (2.642). Dividend Yield (0.000) settles around the average of (0.088) among similar stocks. P/S Ratio (10.834) is also within normal values, averaging (74.113).
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% | -3.86% | ||
| COIN - SHOP | 67% Closely correlated | -1.71% | ||
| CLSK - SHOP | 64% Loosely correlated | -4.13% | ||
| RIOT - SHOP | 62% Loosely correlated | -2.16% | ||
| DDOG - SHOP | 62% Loosely correlated | -2.56% | ||
| HUBS - SHOP | 62% Loosely correlated | -3.10% | ||
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