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Stock Trend Analysis Report

Prepared for you on Tuesday, March 28, 2023.

Shopify Inc. Class A Subordinate Voting Shares (NYSE:SHOP)

Strong Uptrend (+100) - SHOP is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, SHOP continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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.

NYSE_SHOP
Open High Low SHOP Price Change
45.31 45.88 44.25 45.04 +0.06
Entry Signal

MarketClub’s Trade Triangles for SHOP

long term up The long-term trend has been UP since Dec 1st, 2022 at 41.73

intermediate term up The intermediate-term trend has been UP since Mar 21st, 2023 at 45.98

short term up The short-term trend has been UP since Mar 16th, 2023 at 44.21

Smart Scan Analysis for SHOP

Based on our trend formula, SHOP is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+100
Smart Scan Analysis for SHOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
45.31 45.88 44.25 45.04 +0.06
Prev. Close Volume Bid Ask Time
45.07 10415025 2023-03-27 15:59:30
Year High176.599Year High Date2018-07-24
Year Low101.02Year Low Date2018-01-02
52wk High75.87852wk High Date2022-03-29
52wk Low23.630452wk Low Date2022-10-13
Average Volume15,949,987Shares Outstanding125,897
Market Cap34,849MAssets107,571,510M
Liabilities251,826,200MP/E Ratio238.9683
Volatility77.18
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