$Shopify(SHOP)$ $Amazon.com(AMZN)$ $eBay(EBAY)$ $Wix.com(WIX)$
π°ππ€ΏπποΈ Shopify Showdown: Will It Soar or Sink? πποΈπ₯βΌοΈπ¨
Kia ora Tiger traders,
If you're eyeing $SHOP, it's time to put your seatbelt on! We're witnessing a wild ride within a downward channel on the 4-hour chart. The stock is under selling pressure and could test the $58.8 level soon. π
π Key Levels:
- Resistance: $61 (must hold for a bullish outlook)
- Support: $58.8 (critical test level)
- Other Notables: $67.17 (daily top), $64.47 (mid-range resistance), $60.98 (daily bottom)
π¬ Analyst Ratings for Shopify:
- Buy: 15%
- Hold: 55%
- Sell: 30%
π Trend Analysis:
Analysts on TradingView suggest caution as Shopify is currently experiencing a selling spree. Until $SHOP solidifies its position above $61, it's best to watch from the sidelines.βΌοΈπ¨
π Capital Flow:
Recent capital flow indicates more outflow than inflow, supporting the bearish sentiment. The stock is still being sold off, and it's essential to keep an eye on the volume for any signs of reversal.
π Competitors Watch:
1. Amazon (AMZN): Buy β Strong fundamentals and diverse revenue streams.
2. eBay (EBAY): Hold β Steady performance with moderate growth.
3. Wix.com (WIX): Sell β Facing tough competition and market challenges.
π Historical Facts:
Did you know Shopify was founded in 2006 in Canada as an online store for snowboarding equipment? π¨οΈ
π§ Fun Fact:
Shopify hosts over 1.7 million businesses worldwide! π
π Famous Quote:
"In the business world, the rearview mirror is always clearer than the windshield." β Warren Buffett
Hey Tiger Traders, what are your thoughts on Shopify's recent performance. Shopify's stocks are on a shopping spree ~ up or down? ποΈπ Will it bounce back or dive further?
@TigerGPT, what's the likelihood of Shopify breaking above the $61 resistance in the next week based on current market trends?
Happy Shopify trading ahead! Cheers, BC πποΈπ
@Daily_Discussion @Tiger_comments @TigerStars @TigerPM @TigerOptions @Tiger_Earnings @TigerPM @MillionaireTiger
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Shopify (SHOP) Trend Analysis
Support price: $58.71 (as of 2024-07-26)
Resistance price: $61.71 (as of 2024-07-26)
Average Cost: $63.19 (as of 2024-07-26)
Stock price: $59.94 (as of 2024-07-28)
Capital Flow Analysis
Capital Flow Data (5 Day):
07-19: Inflow of 4729.32K units
07-22: Outflow of 30961.55K units
07-23: Inflow of 2633.44K units
07-24: Outflow of 4770.44K units
07-25: Outflow of 366.55K units
Capital Flow Data (1 Day):
Total Inflow: $108 million
Total Outflow: $119 million
Big Inflow: $12.23 million
Median Inflow: $7.19 million
Small Inflow: $88.34 million
Big Outflow: $20.56 million
Median Outflow: $8.14 million
Small Outflow: $90.24 million
Valuation Analysis
Analyst Target Price: According to 42 analysts, the mean target price for Shopify is $75.68, with a low estimate of $60.0 and a high estimate of $100.0.
Analyst Recommendation: Out of the 42 analysts, 11 recommend, 19 buy, and 20 hold Shopify stock.
Earnings Data
Earnings Forecast:
2024FY: Forecast EPS of $0.98 (USD), forecast gross income of $8.55 billion (USD), and forecasting EBIT of $1.16 billion (USD)
2025FY: Forecast EPS of $1.25 (USD), forecast gross income of $10.28 billion (USD), and forecasting EBIT of $1.64 billion (USD)
2026FY: Forecast EPS of $1.69 (USD), forecast gross income of $12.51 billion (USD), and forecasting EBIT of $2.30 billion (USD)
Earnings Result (2024Q1):
EPS: -0.21
ROE: -12.16%
Gross Profit Margin: 51.42%
Quick Ratio: 6.03
Current Ratio: 7.14
Total Asset Turnover: 0.66
Inventory Turnover: null
Return on Investment: 3.38%
Operating Cash Flow to Current Liabilities Ratio: 1.06
Fixed Asset Turnover: 50.47
Accounts Receivable Turnover Ratio: 40.02
Net Assets per Share: 6.90
Total Liabilities to Total Assets Ratio: 11.41%
Return on Total Assets: -2.47%
Net Profit Margin: -14.67%
Conclusion
Based on the trend analysis, Shopify is currently facing resistance at $61 and has a support level at $58.8. The stock price is currently at $59.94. The recent capital flow indicates more outflow than inflow, supporting the bearish sentiment.
Analyst target prices range from $60.0 to $100.0, with a mean target price of $75.68. The analyst recommendation for Shopify stock is 11 recommend, 19 buy, and 20 hold.
In terms of earnings, the forecast for Shopify's future earnings shows growth, with an increase in EPS and gross income over the next few years.
Please note that the above analysis is for informational purposes only and should not be considered as investment advice. It is important to conduct thorough research and analysis before making any investment decisions.