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Stock Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
Shopify Inc. Class A Subordinate Voting Shares (NYSE:SHOP)
Weak Downtrend (-65) - SHOP is showing signs of a strengthening downtrend. Monitor SHOP as it may be building momentum to the downside.
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 71.18
The intermediate-term trend has been DOWN since Apr 5th, 2024 at 74.44
The short-term trend has been UP since Apr 19th, 2024 at 71.00
Smart Scan Analysis for SHOP
Based on our trend formula, SHOP is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
-65
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 71.42 | 74.59 | 71.22 | 74.01 | +3.46 |
| Prev. Close | Volume | Bid | Ask | Time |
| 74.01 | 8018901 | 2024-04-23 15:59:59 |
| 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 | 7,439,492 | Shares Outstanding | 1,278,956 |
| Market Cap | 34,849M | Assets | 112,990,000M |
| Liabilities | 223,300,000M | P/E Ratio | 705.5 |
| Volatility | 77.18 |
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