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Stock Trend Analysis Report

Prepared for you on Tuesday, June 18, 2024.

Shopify Inc (TSE:SHOP)

Sidelines Mode (-55) - SHOP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
90.50 90.79 88.00 88.44 -2.89
Entry Signal

MarketClub’s Trade Triangles for SHOP

long term down The long-term trend has been DOWN since Apr 15th, 2024 at 95.12

intermediate term up The intermediate-term trend has been UP since Jun 4th, 2024 at 82.12

short term down The short-term trend has been DOWN since Jun 18th, 2024 at 88.26

Smart Scan Analysis for SHOP

Based on our trend formula, SHOP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for SHOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
90.50 90.79 88.00 88.44 -2.89
Prev. Close Volume Bid Ask Time
91.33 815920 2024-06-18 11:04:53
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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