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 ***| 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% |
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 |
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Basic chart:
- Earnings date: 05/04/2021
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: 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
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
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| 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 |
| 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 |
