Stock Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Shopify Inc (TSE:SHOP)
Long-Term Uptrend (+90) - SHOP is in a strong uptrend that is likely to continue. While SHOP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Apr 14th, 2020 at 668.00
The short-term trend has been UP since May 21st, 2020 at 1093.00
Smart Scan Analysis for SHOP
Based on our trend formula, SHOP is rated as a +90 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|