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Stock Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
Shopify Inc. Class A Subordinate Voting Shares (NYSE:SHOP)
Strong Uptrend (+100) - SHOP is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, SHOP continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Dec 1st, 2022 at 41.73
The intermediate-term trend has been UP since Mar 21st, 2023 at 45.98
The short-term trend has been UP since Mar 16th, 2023 at 44.21
Smart Scan Analysis for SHOP
Based on our trend formula, SHOP is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 45.31 | 45.88 | 44.25 | 45.04 | +0.06 |
| Prev. Close | Volume | Bid | Ask | Time |
| 45.07 | 10415025 | 2023-03-27 15:59:30 |
| Year High | 176.599 | Year High Date | 2018-07-24 |
| Year Low | 101.02 | Year Low Date | 2018-01-02 |
| 52wk High | 75.878 | 52wk High Date | 2022-03-29 |
| 52wk Low | 23.6304 | 52wk Low Date | 2022-10-13 |
| Average Volume | 15,949,987 | Shares Outstanding | 125,897 |
| Market Cap | 34,849M | Assets | 107,571,510M |
| Liabilities | 251,826,200M | P/E Ratio | 238.9683 |
| Volatility | 77.18 |