Technical Analysis for SHOP - Shopify Inc.

Grade Last Price % Change Price Change
D 1242.74 3.39% 40.74
SHOP closed down 2.06 percent on Monday, April 12, 2021, on 71 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.
Earnings due: May 4
*** please verify all earnings dates ***

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up
Historical SHOP trend table...

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 3.62%
Overbought Stochastic Strength 3.62%
50 DMA Support Bullish 1.48%
Upper Bollinger Band Walk Strength 1.48%
Overbought Stochastic Strength 1.48%
Up 3 Days in a Row Strength 1.48%
Up 4 Days in a Row Strength 1.48%
Upper Bollinger Band Touch Strength 1.48%
Crossed Above 50 DMA Bullish 1.87%
Above Upper BB Strength 1.87%
Older End-of-Day Signals for SHOP ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
Rose Above Upper Bollinger Band 9 minutes ago
60 Minute Opening Range Breakout 38 minutes ago
50 DMA Resistance about 3 hours ago
Upper Bollinger Band Resistance about 5 hours ago
Up 3% about 5 hours ago
View Earlier Intraday Alerts

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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: Retailing Software As A Service E Commerce Social Media Customer Relationship Management Fintech S&P/Tsx 60 Index Online Shopping Retail Locations Storefront 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 1499.75
52 Week Low 477.11
Average Volume 1,441,601
200-Day Moving Average 1082.43
50-Day Moving Average 1221.21
20-Day Moving Average 1136.42
10-Day Moving Average 1146.41
Average True Range 57.77
ADX 22.2
+DI 21.39
-DI 18.21
Chandelier Exit (Long, 3 ATRs ) 1061.07
Chandelier Exit (Short, 3 ATRs ) 1178.45
Upper Bollinger Band 1240.64
Lower Bollinger Band 1032.19
Percent B (%b) 0.81
BandWidth 18.34
MACD Line -0.27
MACD Signal Line -19.22
MACD Histogram 18.9446
Fundamentals Value
Market Cap 132.27 Billion
Num Shares 110 Million
EPS 1.62
Price-to-Earnings (P/E) Ratio 742.43
Price-to-Sales 51.18
Price-to-Book 20.42
PEG Ratio -94.58
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1259.97
Resistance 3 (R3) 1261.53 1243.76 1250.31
Resistance 2 (R2) 1243.76 1229.00 1242.98 1247.08
Resistance 1 (R1) 1222.88 1219.88 1214.00 1221.32 1243.86
Pivot Point 1205.12 1205.12 1200.68 1204.34 1205.12
Support 1 (S1) 1184.24 1190.36 1175.35 1182.68 1160.14
Support 2 (S2) 1166.47 1181.24 1165.69 1156.92
Support 3 (S3) 1145.59 1166.47 1153.69
Support 4 (S4) 1144.03