Technical Analysis for SHOP - Shopify Inc.
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
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.
| 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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Basic chart:
- Earnings date: 12/01/2020
- Sector: Technology
- Industry: Software - Application
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.
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| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| 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 |
| 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 |
