Stock Trend Analysis Report
Prepared for you on Tuesday, July 14, 2020.
Shopify, Inc Subordinate Voting Shares (NYSE:SHOP)
Countertrend Up (+85) - SHOP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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 Apr 20th, 2020 at 593.8900
The intermediate-term trend has been UP since Apr 14th, 2020 at 470.5700
The short-term trend has been DOWN since Jul 13th, 2020 at 1002.5452
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||176.599||Year High Date||2018-07-24|
|Year Low||101.02||Year Low Date||2018-01-02|
|52wk High||844||52wk High Date||2020-05-26|
|52wk Low||281.69||52wk Low Date||2019-06-26|
|Average Volume||3,260,731||Shares Outstanding||116,429|