Technical Analysis for SHOP - Shopify Inc.

Grade Last Price % Change Price Change
grade B 438.37 -6.93% -32.63
SHOP closed down 6.93 percent on Thursday, February 27, 2020, on 1.68 times normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. 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.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Strong Up Down Down
Historical SHOP trend table...

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 0.00%
Strong but Oversold Other 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -6.93%
Stochastic Reached Oversold Weakness -6.93%
Strong but Oversold Other -6.93%
Inside Day Range Contraction -6.93%
Oversold Stochastic Weakness -6.93%
20 DMA Resistance Bearish -6.02%

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Profile

Shopify is a leading cloud-based commerce platform designed for small and medium-sized businesses. Merchants can use the software to design, set up and manage their stores across multiple sales channels, including web, mobile, social media, brick-and-mortar locations, and pop-up shops. This provides a merchant a single view of their business. The Shopify platform was engineered for reliability and scale, using enterprise-level technology made available to businesses of all sizes. Shopify currently powers over 165,000 businesses in approximately 150 countries, including: Tesla Motors, Budweiser, Google, Wikipedia, LA Lakers, GoldieBlox, and many more.
Automotive Industry Social Media Vehicles

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 593.89
52 Week Low 181.0
Average Volume 2,200,214
200-Day Moving Average 357.31
50-Day Moving Average 453.55
20-Day Moving Average 495.39
10-Day Moving Average 506.68
Average True Range 26.62
ADX 37.84
+DI 22.17
-DI 30.72
Chandelier Exit (Long, 3 ATRs ) 514.02
Chandelier Exit (Short, 3 ATRs ) 507.80
Upper Bollinger Band 555.50
Lower Bollinger Band 435.28
Percent B (%b) 0.03
BandWidth 24.27
MACD Line 7.58
MACD Signal Line 18.49
MACD Histogram -10.9156
Fundamentals Value
Market Cap 43.2 Billion
Num Shares 98.5 Million
EPS -0.51
Price-to-Earnings (P/E) Ratio -859.55
Price-to-Sales 20.16
Price-to-Book 10.49
PEG Ratio -121.06
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 498.37
Resistance 3 (R3) 501.55 484.74 488.37
Resistance 2 (R2) 484.74 469.46 483.15 485.03
Resistance 1 (R1) 461.56 460.03 453.15 458.37 481.70
Pivot Point 444.75 444.75 440.54 443.15 444.75
Support 1 (S1) 421.56 429.47 413.15 418.37 395.04
Support 2 (S2) 404.75 420.03 403.15 391.71
Support 3 (S3) 381.56 404.75 388.37
Support 4 (S4) 378.37