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Stock Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

Shopify Inc (TSE:SHOP)

Long-Term Uptrend (+90) - SHOP is in a strong uptrend that is likely to continue. While SHOP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
1155.13 1206.08 1155.13 1182.52 +28.20
Entry Signal

MarketClub’s Trade Triangles for SHOP

long term up The long-term trend has been UP since Dec 18th, 2019 at 524.64

intermediate term up The intermediate-term trend has been UP since Apr 14th, 2020 at 668.00

short term up The short-term trend has been UP since May 21st, 2020 at 1093.00

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
1155.13 1206.08 1155.13 1182.52 +28.20
Prev. Close Volume Bid Ask Time
611.52 95220 2020-05-25 14:17:01
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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