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Stock Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
Shopify Inc. Class A Subordinate Voting Shares (NYSE:SHOP)
Countertrend Up (+85) - SHOP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Sep 18th, 2024 at 76.83
The intermediate-term trend has been UP since Nov 7th, 2024 at 84.37
The short-term trend has been DOWN since Nov 15th, 2024 at 106.00
Smart Scan Analysis for SHOP
Based on our trend formula, SHOP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 104.83 | 105.07 | 102.58 | 103.93 | -0.66 |
| Prev. Close | Volume | Bid | Ask | Time |
| 103.94 | 6658078 | 2024-11-20 15:59:27 |
| Year High | 176.599 | Year High Date | 2018-07-24 |
| Year Low | 101.02 | Year Low Date | 2018-01-02 |
| 52wk High | 115.62 | 52wk High Date | 2024-11-13 |
| 52wk Low | 48.56 | 52wk Low Date | 2024-08-05 |
| Average Volume | 10,498,195 | Shares Outstanding | 1,278,956 |
| Market Cap | 34,849M | Assets | 123,290,000M |
| Liabilities | 221,100,000M | P/E Ratio | 97.1402 |
| Volatility | 77.18 |