Stock Trend Analysis Report
Prepared for you on Thursday, February 27, 2020.
Shopify Inc (TSE:SHOP)
Crossroads (-60) - SHOP is struggling to move into a solid trend. Beware of choppy markets 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.
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 DOWN since Feb 25th, 2020 at 608.14
The short-term trend has been DOWN since Feb 20th, 2020 at 693.56
Smart Scan Analysis for SHOP
Based on our trend formula, SHOP is rated as a -60 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|