Trader Robot's Impact Reflects in $SHOP's +4.81% Rise.
Artificial intelligence (AI) trading bots have become powerful tools for investors seeking active trading opportunities. In a recent analysis conducted on the "Day Trader: High Volatility Stocks for Active Trading (TA&FA)" platform, AI trading bots exhibited impressive performance, generating a noteworthy +4.81% gain while actively trading Shopify (SHOP) over the course of the previous week.
Analyzing SHOP's Upward Trend:
The technical analysis of SHOP reveals a potential upward trend, as the stock recently broke its lower Bollinger Band on January 03, 2024. Historically, in 26 of 28 instances where SHOP's price broke its lower Bollinger Band, the price continued to rise in the following month, suggesting a 90% probability of a sustained upward trend. Traders may interpret this as an opportunity to consider buying the stock or exploring call options.
Earnings Performance:
The latest earnings report for SHOP, released on November 02, surpassed expectations with earnings per share (EPS) of 23 cents, beating the estimated 14 cents. With 2.02 million shares outstanding, SHOP's current market capitalization stands at an impressive 94.77 billion.
Market Capitalization Overview:
Comparing SHOP's market capitalization to the Packaged Software Industry, it stands out with a value significantly higher than the industry average of 9.37 billion. Notably, Microsoft (MSFT) holds the highest valuation in this industry at 2.84 trillion, while the lowest valued company is BLGI at 291 million.
Price Movement in the Packaged Software Industry:
Analyzing the average weekly, monthly, and quarterly price growth across all stocks in the Packaged Software Industry provides valuable insights. The average weekly price growth was 0%, monthly growth was 0%, and quarterly growth was -7%. Within this context, it's noteworthy that PHUN experienced the highest price growth at 234%, while GAMGF faced the largest fall at -61%.
Volume Trends in the Packaged Software Industry:
Examining volume trends across the industry, the average weekly volume growth was 82%, monthly growth was 72%, and quarterly growth was 73%. These figures highlight the dynamic nature of the industry, with substantial fluctuations in trading volumes.
Summary:
In summary, the performance of AI trading bots on the "Day Trader: High Volatility Stocks for Active Trading (TA&FA)" platform showcases their ability to navigate and capitalize on market trends. With SHOP exhibiting a potential upward trend and delivering strong earnings, investors may find this technical analysis valuable in making informed decisions.
SHOP sees MACD Histogram just turned negative
SHOP saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on December 09, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 49 instances where the indicator turned negative. In of the 49 cases the stock moved lower in the days that followed. 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 December 09, 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 of the 38 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 December 18, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on SHOP as a result. In 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 .
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 is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SHOP advanced for three days, in of 340 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.
The Aroon Indicator entered an Uptrend today. In of 246 cases where SHOP Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend 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 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 87, placing this stock slightly better than average.
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 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 (31.082). P/E Ratio (781.900) is within average values for comparable stocks, (160.694). Projected Growth (PEG Ratio) (1.291) is also within normal values, averaging (2.755). Dividend Yield (0.000) settles around the average of (0.084) among similar stocks. P/S Ratio (14.347) is also within normal values, averaging (58.159).
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.
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Fundamental Analysis Ratings
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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