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.
MarketClub’s Trade Triangles for SHOP
The long-term trend has been DOWN since Sep 27th, 2023 at 69.45
The intermediate-term trend has been DOWN since Sep 21st, 2023 at 75.73
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).
|Year High||232.65||Year High Date||2018-06-20|
|Year Low||126.65||Year Low Date||2018-01-02|
|52wk High||232.65||52wk High Date||2018-06-20|
|52wk Low||117.11||52wk Low Date||2017-12-05|