Stock Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
Shopify Inc (TSE:SHOP)
Weak Uptrend (+65) - SHOP is showing signs of weakening momentum to the upside. Monitor SHOP as it may be in the beginning stages 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 UP since Dec 18th, 2019 at 524.64
The intermediate-term trend has been UP since Nov 30th, 2020 at 1355.77
The short-term trend has been DOWN since Feb 17th, 2021 at 1817.96
Smart Scan Analysis for SHOP
Based on our trend formula, SHOP is rated as a +65 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|