Stock Trend Analysis Report
Prepared for you on Sunday, April 11, 2021.
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.
MarketClub’s Trade Triangles for SHOP
The long-term trend has been DOWN since Mar 5th, 2021 at 1299.99
The intermediate-term trend has been UP since Apr 8th, 2021 at 1490.00
The short-term trend has been UP since Mar 31st, 2021 at 1363.44
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).
|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|