Stock Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
Shopify, Inc Subordinate Voting Shares (NYSE:SHOP)
Sidelines Mode (-55) - SHOP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Mar 17th, 2020 at 311.532
The intermediate-term trend has been DOWN since Feb 25th, 2020 at 457.250
The short-term trend has been UP since Apr 7th, 2020 at 393.570
Smart Scan Analysis for SHOP
Based on our trend formula, SHOP is rated as a -55 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||593.89||52wk High Date||2020-02-12|
|52wk Low||190.38||52wk Low Date||2019-04-04|
|Average Volume||3,251,650||Shares Outstanding||110,393|