Stock Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Shopify Inc. Class A Subordinate Voting Shares (NYSE:SHOP)
Bull Market Weakness (+75) - SHOP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SHOP as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for SHOP
The long-term trend has been DOWN since Oct 1st, 2021 at 1341.14
The intermediate-term trend has been UP since Oct 18th, 2021 at 1451.70
The short-term trend has been UP since Oct 14th, 2021 at 1399.51
Smart Scan Analysis for SHOP
Based on our trend formula, SHOP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||176.599||Year High Date||2018-07-24|
|Year Low||101.02||Year Low Date||2018-01-02|
|52wk High||1650||52wk High Date||2021-07-26|
|52wk Low||875||52wk Low Date||2020-11-10|
|Average Volume||813,627||Shares Outstanding||116,429|