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Stock Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Shopify Inc (TSE:SHOP)

Bull Market Weakness (+75) - SHOP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SHOP as it may be in the beginning stages of a reversal.

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
105.50 105.69 103.30 104.94 +0.46
Entry Signal

MarketClub’s Trade Triangles for SHOP

long term up The long-term trend has been UP since Nov 15th, 2023 at 91.59

intermediate term down The intermediate-term trend has been DOWN since Feb 21st, 2024 at 101.50

short term up The short-term trend has been UP since Mar 8th, 2024 at 102.20

Smart Scan Analysis for SHOP

Based on our trend formula, SHOP is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for SHOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
105.50 105.69 103.30 104.94 +0.46
Prev. Close Volume Bid Ask Time
104.93 1179369 2024-03-18 15:59:55
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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