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Stock Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
Shopify Inc. Class A 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.
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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 Sep 18th, 2024 at 76.83
The short-term trend has been DOWN since Oct 23rd, 2024 at 81.16
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 80.10 | 80.97 | 78.78 | 79.04 | -0.78 |
| Prev. Close | Volume | Bid | Ask | Time |
| 79.05 | 3577241 | 2024-10-25 15:59:57 |
| 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 | 4,732,772 | Shares Outstanding | 1,278,956 |
| Market Cap | 34,849M | Assets | 113,460,000M |
| Liabilities | 217,400,000M | P/E Ratio | 81.449 |
| Volatility | 77.18 |