What implications does the 10-day RSI indicator have for SHOP?

The 10-day RSI Indicator for SHOP moved out of overbought territory on August 22, 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 38 similar instances where the indicator moved out of overbought territory. In 27 of the 38 cases, the stock moved lower in the following days. This puts the odds of a move lower at 71%.

What does the Stochastic Oscillator suggest about SHOP's trend?

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

How did SHOP's Momentum indicator behave recently?

The Momentum Indicator moved below the 0 level on August 29, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on SHOP as a result. In 69 of 89 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 78%.

What does MACD indicator imply for SHOP?

The Moving Average Convergence Divergence Histogram (MACD) for SHOP turned negative on August 30, 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 51 similar instances when the indicator turned negative. In 38 of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at 75%.

What is the significance of the 50-day moving average indicator for SHOP?

SHOP moved above its 50-day moving average on August 07, 2024 date and that indicates a change from a downward trend to an upward trend.

What is the significance of the 10-day moving average indicator for SHOP?

The 10-day moving average for SHOP crossed bullishly above the 50-day moving average on August 15, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 11 of 15 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 73%.

What does a 3-day price advance indicate for SHOP?

Following a +2.12% 3-day Advance, the price is estimated to grow further. Considering data from situations where SHOP advanced for three days, in 275 of 332 cases, the price rose further within the following month. The odds of a continued upward trend are 83%.

What does SHOP breaking above its upper Bollinger Band indicate?

SHOP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

How does the Aroon Indicator reflect on SHOP's trend?

The Aroon Indicator entered an Uptrend today. In 234 of 267 cases where SHOP Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 88%.

SHOP

AS OF

Sep 6 closing price

Price

$67.01

Change

-$3.10 (-4.42%)

Capitalization

99.33B

54 days until earnings call

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Sergey Savastiouk

published in Blogs

Oct 29, 2020

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Shopify (SHOP, $988.24) beats Q3 earnings expectations

Shopify reported third-quarter earnings and sales that beat analysts' expectations.

The e-commerce tech company’s adjusted earnings for the third quarter came in at $1.13 a share (vs. a loss of - 29 cents a share a year ago). Analysts polled by FactSet had expected 52 cents a share earnings.

Revenue surged +96% year-over-year to $767.4 million in the quarter, exceeding analysts' forecasts of $657.8 million.

The company’s subscription solutions revenue increased +48% to $245.3 million, on the back of more merchants entering the platform. Merchant solutions revenue climbed +132% to $522.1 million. Monthly recurring revenue from ongoing customer service subscriptions was $74.4 million as of Sept. 30.

Related Ticker: SHOP

SHOP in -1.61% downward trend, declining for three consecutive days on September 05, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where SHOP declined for three days, in of 296 cases, the price declined further within the following month. The odds of a continued downward trend are .

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL), Salesforce (NYSE:CRM), Adobe (NASDAQ:ADBE), Intuit (NASDAQ:INTU), Uber Technologies (NYSE:UBER), SERVICENOW (NYSE:NOW), Shopify (NYSE:SHOP), Palo Alto Networks (NASDAQ:PANW), CrowdStrike Holdings (NASDAQ: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 10.91B. 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 -2%. For the same Industry, the average monthly price growth was 2%, and the average quarterly price growth was -4%. YQAI experienced the highest price growth at 1,260%, while NEWUF experienced the biggest fall at -83%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was -10%. For the same stocks of the Industry, the average monthly volume growth was -36% and the average quarterly volume growth was -31%

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: 75

Price Growth Rating: 59

SMR Rating: 81

Profit Risk Rating: 88

Seasonality Score: -18 (-100 ... +100)

Related Portfolios: E-COMMERCE SECTOR

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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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