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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.

Open High Low SHOP Price Change
1599.78 1648.73 1568.00 1648.73 +76.24
Entry Signal

MarketClub’s Trade Triangles for SHOP

long term up The long-term trend has been UP since Dec 18th, 2019 at 524.64

intermediate term up The intermediate-term trend has been UP since Nov 30th, 2020 at 1355.77

short term down 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).

Smart Scan Analysis for SHOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1599.78 1648.73 1568.00 1648.73 +76.24
Prev. Close Volume Bid Ask Time
1648.73 614257 2021-02-26 16:30:21
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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