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.
MarketClub’s Trade Triangles for SHOP
The long-term trend has been DOWN since Oct 1st, 2021 at 1711.10
The intermediate-term trend has been DOWN since Sep 13th, 2021 at 1845.00
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).
|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|