Free Daily Analysis
Stock Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
Shopify Inc. Class A Subordinate Voting Shares (NYSE:SHOP)
Countertrend Down (-85) - SHOP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 DOWN since Apr 11th, 2024 at 71.18
The intermediate-term trend has been DOWN since Apr 5th, 2024 at 74.44
The short-term trend has been UP since Apr 19th, 2024 at 71.00
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 |
|---|---|---|---|---|
| 74.430 | 74.716 | 71.650 | 71.930 | -2.080 |
| Prev. Close | Volume | Bid | Ask | Time |
| 74.010 | 4307036 | 2024-04-24 14:33:57 |
| 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 | 7,685,323 | Shares Outstanding | 1,278,956 |
| Market Cap | 34,849M | Assets | 112,990,000M |
| Liabilities | 223,300,000M | P/E Ratio | 740.1 |
| Volatility | 77.18 |