Technical Analysis for SHOP - Shopify Inc.
|Grade||Last Price||% Change||Price Change|
SHOP closed down 5.8 percent on Wednesday, October 17, 2018, on 2.26 times normal volume. The stock fell below its 200 day moving average, damaging its long-term outlook by crossing under that critical trendline.
Earnings due: Oct 25
|See historical SHOP trend table...|
|Date||Alert Name||Type||% Chg|
|Oct 17||Bearish Engulfing||Bearish||0.00%|
|Oct 17||Fell Below 200 DMA||Bearish||0.00%|
|Oct 17||Non-ADX 1,2,3,4 Bearish||Bearish Swing Setup||0.00%|
|Oct 17||Multiple of Ten Bearish||Other||0.00%|
|Oct 17||Outside Day||Range Expansion||0.00%|
|Oct 17||Wide Bands||Range Expansion||0.00%|
|Oct 16||Non-ADX 1,2,3,4 Bearish||Bearish Swing Setup||-5.80%|
|Oct 16||Crossed Above 200 DMA||Bullish||-5.80%|
|Oct 16||Cup with Handle||Other||-5.80%|
|Oct 16||Multiple of Ten Bullish||Other||-5.80%|
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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.
|Indicator||Bull Case||Neutral / Hold||Bear Case|
|Oversold / Overbought|
|Summary:||Counts: 0 bullish, 4 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.|
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|52 Week High||176.6|
|52 Week Low||92.41|
|200-Day Moving Average||141.5606|
|50-Day Moving Average||147.1292|
|20-Day Moving Average||150.546|
|10-Day Moving Average||138.781|
|Average True Range||7.5587|
|Chandelier Exit (Long, 3 ATRs )||146.2739|
|Chandelier Exit (Short, 3 ATRs )||149.3561|
|Upper Bollinger Band||176.0529|
|Lower Bollinger Band||125.0391|
|Percent B (%b)||0.24|
|MACD Signal Line||-2.5895|
|Market Cap||13.54 Billion|
|Num Shares||98.5 Million|
|Price-to-Earnings (P/E) Ratio||-269.35|
|Pivot Point Level||Traditional / Classic||Fibonacci||Demark||Woodie||Camarilla|
|Resistance 4 (R4)||156.32|
|Resistance 3 (R3)||157.25||151.88||153.16|
|Resistance 2 (R2)||151.88||147.05||151.41||152.10|
|Resistance 1 (R1)||144.62||144.07||141.94||143.69||151.05|
|Support 1 (S1)||131.99||134.42||129.31||131.06||123.69|
|Support 2 (S2)||126.62||131.44||126.15||122.64|
|Support 3 (S3)||119.36||126.62||121.58|
|Support 4 (S4)||118.43|