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Stock Trend Analysis Report

Prepared for you on Sunday, October 17, 2021.

Shopify Inc (TSE:SHOP)

Countertrend Down (-85) - SHOP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

Open High Low SHOP Price Change
1754.80 1769.81 1730.00 1762.52 +20.89
Entry Signal

MarketClub’s Trade Triangles for SHOP

long term down The long-term trend has been DOWN since Oct 1st, 2021 at 1711.10

intermediate term down The intermediate-term trend has been DOWN since Sep 13th, 2021 at 1845.00

short term up The short-term trend has been UP since Oct 7th, 2021 at 1709.93

Smart Scan Analysis for SHOP

Based on our trend formula, SHOP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for SHOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1754.80 1769.81 1730.00 1762.52 +20.89
Prev. Close Volume Bid Ask Time
1763.37 53088 2021-10-15 15:59:57
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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