Stock Trend Analysis Report
Prepared for you on Friday, January 28, 2022.
Shopify Inc. Class A Subordinate Voting Shares (NYSE:SHOP)
Strong Downtrend (-100) - SHOP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHOP continues to fall. Traders should use caution and set stops.
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 DOWN since Dec 17th, 2021 at 1285.90
The intermediate-term trend has been DOWN since Dec 1st, 2021 at 1470.00
The short-term trend has been DOWN since Jan 13th, 2022 at 1064.02
Smart Scan Analysis for SHOP
Based on our trend formula, SHOP is rated as a -100 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||1762.9185||52wk High Date||2021-11-19|
|52wk Low||780||52wk Low Date||2022-01-24|
|Average Volume||2,309,231||Shares Outstanding||116,429|