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SHOP
Stock ticker: NYSE
AS OF
Dec 20, 04:59 PM (EDT)
Price
$108.92
Change
+$1.85 (+1.73%)
Capitalization
99.33B

SHOP Shopify Forecast, Technical & Fundamental Analysis

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

SHOP
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for SHOP with price predictions
Dec 20, 2024

SHOP in upward trend: price expected to rise as it breaks its lower Bollinger Band on December 18, 2024

SHOP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 36 cases where SHOP's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

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 .

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 .

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 .

The Moving Average Convergence Divergence Histogram (MACD) for SHOP turned negative on December 09, 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 .

Fundamental Analysis (Ratings)

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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SHOP
Daily Signalchanged days ago
Gain/Loss if bought
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A.I. Advisor
published Earnings

SHOP is expected to report earnings to rise 49.96% to 42 cents per share on February 12

Shopify SHOP Stock Earnings Reports
Q4'24
Est.
$0.43
Q3'24
Beat
by $0.01
Q2'24
Beat
by $0.06
Q1'24
Beat
by $0.03
Q4'23
Beat
by $0.04
The last earnings report on November 12 showed earnings per share of 28 cents, beating the estimate of 27 cents. With 6.71M shares outstanding, the current market capitalization sits at 99.33B.
A.I. Advisor
published General Information

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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SHOP and Stocks

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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SHOP
1D Price
Change %
SHOP100%
+1.76%
COIN - SHOP
67%
Closely correlated
+1.75%
CLSK - SHOP
64%
Loosely correlated
+2.11%
RIOT - SHOP
62%
Loosely correlated
+3.22%
RPD - SHOP
54%
Loosely correlated
-2.21%
ALIT - SHOP
53%
Loosely correlated
+1.48%
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