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Stock Trend Analysis Report

Prepared for you on Monday, July 4, 2022.

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

Long-Term Downtrend (-90) - SHOP is in a strong downtrend that is likely to continue. While SHOP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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.

NYSE_SHOP
Open High Low SHOP Price Change
32.2700 33.0600 30.7000 31.3402 +0.1002
Entry Signal

MarketClub’s Trade Triangles for SHOP

long term down The long-term trend has been DOWN since Dec 17th, 2021 at 1285.90

intermediate term down The intermediate-term trend has been DOWN since Apr 11th, 2022 at 600.06

short term down The short-term trend has been DOWN since Jun 29th, 2022 at 346.56

Smart Scan Analysis for SHOP

Based on our trend formula, SHOP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SHOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
32.2700 33.0600 30.7000 31.3402 +0.1002
Prev. Close Volume Bid Ask Time
31.4100 19890663 2022-07-01 15:59:38
Year High176.599Year High Date2018-07-24
Year Low101.02Year Low Date2018-01-02
52wk High176.2918552wk High Date2021-11-19
52wk Low29.764152wk Low Date2022-06-14
Average Volume39,268,267Shares Outstanding116,429
Market Cap34,849MAssets118,344,570M
Liabilities204,486,200MP/E Ratio249.2857
Volatility77.18
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