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Stock Trend Analysis Report

Prepared for you on Thursday, July 18, 2024.

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

Bear Market Rally (-75) - SHOP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SHOP as it may be in the beginning 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.

NYSE_SHOP
Open High Low SHOP Price Change
65.78 66.09 63.21 63.58 -1.23
Entry Signal

MarketClub’s Trade Triangles for SHOP

long term down The long-term trend has been DOWN since Apr 11th, 2024 at 71.18

intermediate term up The intermediate-term trend has been UP since Jun 4th, 2024 at 60.11

short term down The short-term trend has been DOWN since Jul 17th, 2024 at 63.93

Smart Scan Analysis for SHOP

Based on our trend formula, SHOP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for SHOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
65.78 66.09 63.21 63.58 -1.23
Prev. Close Volume Bid Ask Time
64.81 4450244 2024-07-18 12:33:46
Year High176.599Year High Date2018-07-24
Year Low101.02Year Low Date2018-01-02
52wk High91.5752wk High Date2024-02-12
52wk Low45.552wk Low Date2023-10-31
Average Volume8,328,283Shares Outstanding1,278,956
Market Cap34,849MAssets111,120,000M
Liabilities221,900,000MP/E Ratio624.5
Volatility77.18
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