Technical Analysis for SHOP - Shopify Inc.

Grade Last Price % Change Price Change
C 49.63 5.17% 2.44
SHOP closed down 5.77 percent on Monday, January 30, 2023, on approximately normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
Earnings due: Feb 15
*** please verify all earnings dates ***

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Slingshot Bullish Bullish Swing Setup 4.62%
Upper Bollinger Band Walk Strength 4.62%
Wide Bands Range Expansion 4.62%
Overbought Stochastic Strength 4.62%
Upper Bollinger Band Touch Strength 4.62%
Pocket Pivot Bullish Swing Setup -1.42%
Upper Bollinger Band Walk Strength -1.42%
Multiple of Ten Bullish Other -1.42%
Wide Bands Range Expansion -1.42%
Above Upper BB Strength -1.42%

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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 E Commerce Software As A Service Customer Relationship Management Social Media Fintech Online Shopping S&P/Tsx 60 Index 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 98.85
52 Week Low 23.6304
Average Volume 20,304,781
200-Day Moving Average 36.11
50-Day Moving Average 38.47
20-Day Moving Average 40.19
10-Day Moving Average 43.74
Average True Range 2.57
RSI 65.75
ADX 32.47
+DI 36.36
-DI 9.95
Chandelier Exit (Long, 3 ATRs) 42.46
Chandelier Exit (Short, 3 ATRs) 40.11
Upper Bollinger Bands 49.44
Lower Bollinger Band 30.95
Percent B (%b) 0.88
BandWidth 46.01
MACD Line 2.97
MACD Signal Line 1.84
MACD Histogram 1.1366
Fundamentals Value
Market Cap 5.19 Billion
Num Shares 110 Million
EPS 1.62
Price-to-Earnings (P/E) Ratio 29.15
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) 50.89
Resistance 3 (R3) 51.30 50.47 50.28
Resistance 2 (R2) 50.47 49.53 50.27 50.07
Resistance 1 (R1) 48.83 48.94 48.41 48.42 49.87
Pivot Point 48.00 48.00 47.79 47.80 48.00
Support 1 (S1) 46.36 47.06 45.95 45.96 44.51
Support 2 (S2) 45.53 46.47 45.33 44.31
Support 3 (S3) 43.89 45.53 44.10
Support 4 (S4) 43.49