Stock Trend Analysis Report
Prepared for you on Tuesday, March 9, 2021.
Shopify, Inc Subordinate Voting Shares (NYSE:SHOP)
Weak Downtrend (-65) - SHOP is showing signs of a strengthening downtrend. Monitor SHOP as it may be building momentum to the downside.
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 UP since Apr 20th, 2020 at 593.89
The intermediate-term trend has been DOWN since Mar 4th, 2021 at 1205.44
The short-term trend has been DOWN since Mar 3rd, 2021 at 1237.00
Smart Scan Analysis for SHOP
Based on our trend formula, SHOP is rated as a -70 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||1499.75||52wk High Date||2021-02-10|
|52wk Low||305.3001||52wk Low Date||2020-03-18|
|Average Volume||1,787,575||Shares Outstanding||116,429|