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Stock Trend Analysis Report

Prepared for you on Tuesday, October 3, 2023.

Shopify Inc (TSE:SHOP)

Bear Market Rally (-75) - SHOP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SHOP as it may be in the beginning of a reversal.

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.

TSE_SHOP
Open High Low SHOP Price Change
73.90 75.42 73.17 73.84 -0.30
Entry Signal

MarketClub’s Trade Triangles for SHOP

long term down The long-term trend has been DOWN since Sep 27th, 2023 at 69.45

intermediate term down The intermediate-term trend has been DOWN since Sep 21st, 2023 at 75.73

short term up The short-term trend has been UP since Sep 29th, 2023 at 72.60

Smart Scan Analysis for SHOP

Based on our trend formula, SHOP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for SHOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
73.90 75.42 73.17 73.84 -0.30
Prev. Close Volume Bid Ask Time
74.14 3028137 2023-10-02 16:00:00
Year High232.65Year High Date2018-06-20
Year Low126.65Year Low Date2018-01-02
52wk High232.6552wk High Date2018-06-20
52wk Low117.1152wk Low Date2017-12-05
Average Volume346,160Volatility76.7
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