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May 29, 2023

SHOP Witnesses 6.94% Increase in Value with Tickeron's AI Trading Robot

The trading robot featured in Day Trader: Medium Volatility Stocks for Active Trading (TA&FA) has recently captured the attention of traders with its impressive performance. This article explores the success of the trading robot during its operation, analyzes SHOP's recent stock movement, and examines the earnings results, providing valuable insights for investors.

Trading Robot's Success at Tickeron's Robot Factory: The trading robot, which operated in Tickeron's robot factory, has demonstrated its potential by delivering a substantial 6.94% return for SHOP, an e-commerce giant. This success showcases the efficacy of the robot's medium volatility trading strategy and its ability to identify profitable opportunities. Traders seeking active trading options should consider leveraging the capabilities of this trading robot.

SHOP Stock Analysis: On May 04, 2023, SHOP exhibited a notable price movement by breaking above its upper Bollinger Band. This occurrence often signals a potential drop in the stock's price as it retraces back below the upper band and moves towards the middle band. Traders and investors are advised to consider selling the stock or exploring put options to capitalize on a possible downward movement.

To further validate this analysis, the A.I.dvisor examined 48 instances where SHOP broke above the upper band. In 37 out of these 48 cases, the stock subsequently experienced a decline. This historical data suggests a 77% probability of success when considering a bearish trade or option strategy.

Earnings Results Analysis: The recent earnings report for SHOP, released on May 04, displayed earnings per share of 0 cents, surpassing the estimated figure of -3 cents. This positive surprise indicates the company's ability to outperform expectations and potentially reflects a favorable business environment. With 13.62 million shares outstanding, the current market capitalization stands at an impressive 75.79 billion dollars, further emphasizing SHOP's significant presence in the market.

The trading robot featured in Day Trader: Medium Volatility Stocks for Active Trading (TA&FA) has proven its mettle by delivering a commendable 6.94% return for SHOP during its month-long operation in Tickeron's robot factory. Traders should pay attention to SHOP's recent price movement, as breaking above the upper Bollinger Band suggests a potential decline in the stock's value. Furthermore, historical data analysis indicates a 77% success rate for bearish trades or option strategies in similar instances. The positive earnings results, with SHOP exceeding expectations and maintaining a substantial market capitalization of 75.79 billion dollars, indicate a strong underlying business performance.

Related Ticker: SHOP

Aroon Indicator for SHOP shows an upward move is likely

SHOP's Aroon Indicator triggered a bullish signal on October 23, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 268 similar instances where the Aroon Indicator showed a similar pattern. In of the 268 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SHOP advanced for three days, in of 332 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.

Bearish Trend Analysis

The 10-day RSI Indicator for SHOP moved out of overbought territory on September 27, 2024. 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 39 similar instances where the indicator moved out of overbought territory. In of the 39 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 59 cases where SHOP's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on October 22, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on SHOP as a result. In of 87 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 October 15, 2024. 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 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .

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 .

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 SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable 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.

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 88, 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 (11.099) is normal, around the industry mean (30.698). P/E Ratio (781.900) is within average values for comparable stocks, (161.895). Projected Growth (PEG Ratio) (1.291) is also within normal values, averaging (2.738). Dividend Yield (0.000) settles around the average of (0.083) among similar stocks. P/S Ratio (14.347) is also within normal values, averaging (55.771).

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average 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.

Notable companies

The most notable companies in this group are Microsoft Corp (null:MSFT), Oracle Corp (null:ORCL), Salesforce (null:CRM), Adobe (null:ADBE), Intuit (null:INTU), Uber Technologies (null:UBER), SERVICENOW (null:NOW), Shopify (null:SHOP), Palo Alto Networks (null:PANW), CrowdStrike Holdings (null:CRWD).

Industry description

Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.

Market Cap

The average market capitalization across the Packaged Software Industry is 11.22B. The market cap for tickers in the group ranges from 291 to 3.15T. MSFT holds the highest valuation in this group at 3.15T. The lowest valued company is BLGI at 291.

High and low price notable news

The average weekly price growth across all stocks in the Packaged Software Industry was 1%. For the same Industry, the average monthly price growth was 6%, and the average quarterly price growth was -2%. PHUN experienced the highest price growth at 123%, while HPTO experienced the biggest fall at -89%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was 11%. For the same stocks of the Industry, the average monthly volume growth was 3% and the average quarterly volume growth was 65%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 76
Price Growth Rating: 57
SMR Rating: 81
Profit Risk Rating: 88
Seasonality Score: 11 (-100 ... +100)
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SHOP
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A.I.Advisor
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General Information

an operator of eCommerce website that allows customers to sell online by providing software to create an online store

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
Information Technology Services
Address
151 O'Connor Street
Phone
+1 613 241-2828
Employees
8300
Web
https://www.shopify.com
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