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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Shopify Inc. Class A Subordinate Voting Shares (NYSE:SHOP)
Long-Term Downtrend (-90) - SHOP is in a strong downtrend that is likely to continue. While SHOP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SHOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SHOP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SHOP
The long-term trend has been DOWN since Apr 11th, 2024 at 71.180
The intermediate-term trend has been DOWN since May 8th, 2024 at 68.015
The short-term trend has been DOWN since May 8th, 2024 at 73.060
Smart Scan Analysis for SHOP
Based on our trend formula, SHOP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 63.2600 | 64.2000 | 60.6401 | 62.8050 | -14.2450 |
| Prev. Close | Volume | Bid | Ask | Time |
| 62.7300 | 56946076 | 2024-05-08 15:59:34 |
| Year High | 176.599 | Year High Date | 2018-07-24 |
| Year Low | 101.02 | Year Low Date | 2018-01-02 |
| 52wk High | 91.57 | 52wk High Date | 2024-02-12 |
| 52wk Low | 45.5 | 52wk Low Date | 2023-10-31 |
| Average Volume | 8,464,953 | Shares Outstanding | 1,278,956 |
| Market Cap | 34,849M | Assets | 112,990,000M |
| Liabilities | 223,300,000M | P/E Ratio | 770.5 |
| Volatility | 77.18 |