Shopify Stock Forecast - Daily Balance Of Power
| 307 Stock | EUR 105.26 1.42 1.37% |
Shopify Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Shopify's historical fundamentals, such as revenue growth or operating cash flow patterns.
Shopify |
| Check Shopify Volatility | Backtest Shopify | Trend Details |
Shopify Trading Date Momentum
| On July 11 2023 Shopify was traded for 57.15 at the closing time. The highest daily price throughout the period was 57.15 and the lowest price was 56.05 . The daily volume was 20.0. The net trading volume on 07/11/2023 added to the next day price rise. The daily price change to closing price of the next trading day was 1.96% . The trading price change to current closing price is 9.63% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
| Compare Shopify to competition |
Other Forecasting Options for Shopify
For every potential investor in Shopify, whether a beginner or expert, Shopify's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Shopify Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Shopify. Basic forecasting techniques help filter out the noise by identifying Shopify's price trends.Shopify Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Shopify stock to make a market-neutral strategy. Peer analysis of Shopify could also be used in its relative valuation, which is a method of valuing Shopify by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Shopify Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Shopify's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Shopify's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Shopify Market Strength Events
Market strength indicators help investors to evaluate how Shopify stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shopify shares will generate the highest return on investment. By undertsting and applying Shopify stock market strength indicators, traders can identify Shopify entry and exit signals to maximize returns.
Shopify Risk Indicators
The analysis of Shopify's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Shopify's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting shopify stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 2.1 | |||
| Semi Deviation | 1.51 | |||
| Standard Deviation | 3.67 | |||
| Variance | 13.44 | |||
| Downside Variance | 3.83 | |||
| Semi Variance | 2.27 | |||
| Expected Short fall | (2.63) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Shopify Stock
When determining whether Shopify is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Shopify Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Shopify Stock. Highlighted below are key reports to facilitate an investment decision about Shopify Stock:Check out Historical Fundamental Analysis of Shopify to cross-verify your projections. For more detail on how to invest in Shopify Stock please use our How to Invest in Shopify guide.You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.