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Stock Trend Analysis Report

Prepared for you on Sunday, November 28, 2021.

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.

TSE_SHOP
Open High Low SHOP Price Change
2099.79 2120.00 2001.34 2005.00 -70.04
Entry Signal

MarketClub’s Trade Triangles for SHOP

long term up The long-term trend has been UP since Nov 12th, 2021 at 1993.00

intermediate term up The intermediate-term trend has been UP since Oct 19th, 2021 at 1832.18

short term up The short-term trend has been UP since Nov 26th, 2021 at 2106.68

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).

+90
Smart Scan Analysis for SHOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2099.79 2120.00 2001.34 2005.00 -70.04
Prev. Close Volume Bid Ask Time
2003.95 138088 2021-11-26 15:59:53
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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