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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.

TSE_SHOP
Open High Low SHOP Price Change
609.60 642.68 609.60 627.02 +6.65
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 down The intermediate-term trend has been DOWN since Feb 25th, 2020 at 608.14

short term down 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).

-60
Smart Scan Analysis for SHOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
609.60 642.68 609.60 627.02 +6.65
Prev. Close Volume Bid Ask Time
560.90 271213 2020-02-26 15:59:48
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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