Back

Bullish Case: SHOP maintains innovation, with potential for heightened e-commerce activity and market-beating performance, despite economic unease driving consumer spend online.


Bearish Case: Heightened implied volatility signals market uncertainty for SHOP as competition and macroeconomic headwinds threaten revenue growth and profitability.


Potential Outcomes: Bullish sentiment due to innovation and partnerships (40%), and bearish outlook on increased volatility and competitive headwinds (60%).


Trading Oracle: Sign Up to access trading oracle trade ideas.


April 09, 2024


Shopify Forecast

SHOP        Shopify
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with SHOP



DDOG Forecast + Options Trading Strategies   DDOG  Datadog (0.92)


TECL Forecast + Options Trading Strategies   TECL  Direxion Daily Technology Bull 3X Shares (0.91)


CLOU Forecast + Options Trading Strategies   CLOU  Global X Funds - Global X Cloud Computing (0.91)


IDCC Forecast + Options Trading Strategies   IDCC  Interdigital (0.91)


VGT Forecast + Options Trading Strategies   VGT  Vanguard Information Technology (0.9)



Uncorrelated Stock Forecasts

Assets with little price relationship to SHOP



FBRT Forecast + Options Trading Strategies   FBRT  Franklin BSP Realty (-0.0)


BXMT Forecast + Options Trading Strategies   BXMT  Blackstone Mortgage (-0.0)


SA Forecast + Options Trading Strategies   SA  Seabridge Gold (0.0)


RDFN Forecast + Options Trading Strategies   RDFN  Redfin (0.0)


AA Forecast + Options Trading Strategies   AA  Alcoa (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against SHOP



SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.87)


DXD Forecast + Options Trading Strategies   DXD  ProShares UltraShort Dow30 (-0.87)


IMAX Forecast + Options Trading Strategies   IMAX  Imax (-0.87)


DRV Forecast + Options Trading Strategies   DRV  Direxion Daily Real Estate Bear 3X Shares (-0.87)


TECS Forecast + Options Trading Strategies   TECS  Direxion Daily Technology Bear 3X Shares (-0.88)





Become a more profitable investor with AI optimized trading strategies






×

Chat with SHOP


 Ask me any question!