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Stock Trend Analysis Report

Prepared for you on Sunday, June 26, 2022.

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
476.77 501.15 472.00 497.00 +24.83
Entry Signal

MarketClub’s Trade Triangles for SHOP

long term down The long-term trend has been DOWN since Jan 4th, 2022 at 1617

intermediate term down The intermediate-term trend has been DOWN since Apr 11th, 2022 at 755

short term up The short-term trend has been UP since Jun 21st, 2022 at 425

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
476.77 501.15 472.00 497.00 +24.83
Prev. Close Volume Bid Ask Time
497.09 260440 2022-06-24 15:59:34
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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