Stock Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Shopify, Inc Subordinate Voting Shares (NYSE:SHOP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for SHOP
The long term trend has been UP since Dec 16th, 2019 at 395.75
The intermediate term trend has been UP since Nov 26th, 2019 at 325.83
The short term trend has been DOWN since Jan 27th, 2020 at 457.83
Smart Scan Analysis for SHOP
Based on a pre-defined weighted trend formula for chart analysis, SHOP scored +85 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||438.56||52wk High Date||2020-01-10|
|52wk Low||144.69||52wk Low Date||2019-01-14|
|Average Volume||1,909,969||Shares Outstanding||110,393|