Technical Analysis for SHOP - Shopify Inc.
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| F | 57.20 | -2.69% | -1.58 |
SHOP closed down 0.27 percent on Monday, May 13, 2024, on 1.37 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Calm After Storm | Range Contraction | -2.69% | |
| NR7 | Range Contraction | -2.69% | |
| Narrow Range Bar | Range Contraction | -2.69% | |
| Lower Bollinger Band Walk | Weakness | -2.69% | |
| Below Lower BB | Weakness | -2.69% | |
| Down 3 Days in a Row | Weakness | -2.69% | |
| Down 4 Days in a Row | Weakness | -2.69% | |
| Down 5 Days in a Row | Weakness | -2.69% | |
| Oversold Stochastic | Weakness | -2.69% | |
| Volume Surge | Other | -2.95% |
| Alert | Time |
|---|---|
| 2x Volume Pace | about 1 hour ago |
| 1.5x Volume Pace | about 1 hour ago |
| 3x Volume Pace | about 1 hour ago |
| 5x Volume Pace | about 1 hour ago |
| Rose Above Lower Bollinger Band | about 1 hour ago |
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- Earnings date: 05/08/2024
Shopify Inc., an e-commerce company, provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in Canada, the United States, the United Kingdom, Australia, and internationally. Its platform provides merchants with a single view of business and customers in various sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, source products, leverage analytics and reporting, and access financing.
Sector: Technology
Industry: Software - Application
Keywords: E Commerce Retailing Software As A Service Social Media Customer Relationship Management Fintech Online Shopping S&P/Tsx 60 Index Physical Retail
Classification
Sector: Technology
Industry: Software - Application
Keywords: E Commerce Retailing Software As A Service Social Media Customer Relationship Management Fintech Online Shopping S&P/Tsx 60 Index Physical Retail
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 91.57 |
| 52 Week Low | 45.5 |
| Average Volume | 9,325,725 |
| 200-Day Moving Average | 68.44 |
| 50-Day Moving Average | 73.48 |
| 20-Day Moving Average | 69.64 |
| 10-Day Moving Average | 68.44 |
| Average True Range | 3.46 |
| RSI (14) | 29.08 |
| ADX | 21.37 |
| +DI | 16.26 |
| -DI | 40.63 |
| Chandelier Exit (Long, 3 ATRs) | 67.44 |
| Chandelier Exit (Short, 3 ATRs) | 68.65 |
| Upper Bollinger Bands | 79.80 |
| Lower Bollinger Band | 59.49 |
| Percent B (%b) | -0.03 |
| BandWidth | 29.17 |
| MACD Line | -2.92 |
| MACD Signal Line | -1.61 |
| MACD Histogram | -1.3122 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 60.61 | ||||
| Resistance 3 (R3) | 60.64 | 60.06 | 60.31 | ||
| Resistance 2 (R2) | 60.06 | 59.59 | 60.05 | 60.20 | |
| Resistance 1 (R1) | 59.42 | 59.31 | 59.13 | 59.39 | 60.10 |
| Pivot Point | 58.84 | 58.84 | 58.70 | 58.83 | 58.84 |
| Support 1 (S1) | 58.20 | 58.37 | 57.91 | 58.17 | 57.46 |
| Support 2 (S2) | 57.62 | 58.09 | 57.61 | 57.36 | |
| Support 3 (S3) | 56.98 | 57.62 | 57.26 | ||
| Support 4 (S4) | 56.95 |
