Technical Analysis for SHOP - Shopify Inc.

Grade Last Price % Change Price Change
F 58.53 1.25% 0.72
SHOP closed up 1.25 percent on Friday, May 17, 2024, on 1.25 times normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
New Downtrend Bearish 1.25%
Calm After Storm Range Contraction 1.25%
NR7 Range Contraction 1.25%
Narrow Range Bar Range Contraction 1.25%
Wide Bands Range Expansion 1.25%
Oversold Stochastic Weakness 1.25%
Slingshot Bearish Bearish Swing Setup -0.41%
Stochastic Buy Signal Bullish -0.41%

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Profile

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.
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

Is SHOP a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 91.57
52 Week Low 45.5
Average Volume 9,810,286
200-Day Moving Average 68.29
50-Day Moving Average 72.17
20-Day Moving Average 67.44
10-Day Moving Average 63.05
Average True Range 2.97
RSI (14) 31.03
ADX 26.92
+DI 15.94
-DI 40.81
Chandelier Exit (Long, 3 ATRs) 68.91
Chandelier Exit (Short, 3 ATRs) 65.84
Upper Bollinger Bands 81.10
Lower Bollinger Band 53.77
Percent B (%b) 0.17
BandWidth 40.53
MACD Line -4.10
MACD Signal Line -2.94
MACD Histogram -1.1516
Fundamentals Value
Market Cap 70.56 Billion
Num Shares 1.21 Billion
EPS -0.90
Price-to-Earnings (P/E) Ratio -65.03
Price-to-Sales 16.75
Price-to-Book 14.07
PEG Ratio 0.61
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 60.86
Resistance 3 (R3) 60.62 59.60 60.47
Resistance 2 (R2) 59.60 59.01 59.72 60.34
Resistance 1 (R1) 59.07 58.65 59.34 59.31 60.21
Pivot Point 58.05 58.05 58.19 58.17 58.05
Support 1 (S1) 57.52 57.46 57.79 57.76 56.85
Support 2 (S2) 56.50 57.10 56.62 56.72
Support 3 (S3) 55.97 56.50 56.59
Support 4 (S4) 56.21