Technical Analysis for SHOP - Shopify Inc.
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| B | 82.71 | -0.84% | -0.70 |
SHOP closed down 0.84 percent on Thursday, October 10, 2024, on 50 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. 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: Oct 31
*** please verify all earnings dates ***| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Slingshot Bullish | Bullish Swing Setup | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Gapped Down | Weakness | 0.00% | |
| Overbought Stochastic | Strength | -0.84% | |
| New Uptrend | Bullish | 0.16% | |
| Pocket Pivot | Bullish Swing Setup | 0.16% | |
| Overbought Stochastic | Strength | 0.16% | |
| Golden Cross | Bullish | 2.29% | |
| Jack-in-the-Box Bullish | Bullish Swing Setup | 2.29% |
| Alert | Time |
|---|---|
| Possible NR7 | about 18 hours ago |
| 60 Minute Opening Range Breakout | about 21 hours ago |
| Fell Below Previous Day's Low | about 22 hours ago |
| Down 1% | about 22 hours ago |
| Up 1% | 2 days ago |
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- Earnings date: 10/31/2024
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: E Commerce Retailing Software As A Service Social Media Customer Relationship Management Fintech Online Shopping S&P/Tsx 60 Index Physical Retail
Classification
Sector: Technology
Industry: Software - Application
Keywords: E Commerce Retailing Software As A Service Social Media Customer Relationship Management Fintech Online Shopping S&P/Tsx 60 Index Physical Retail
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 91.57 |
| 52 Week Low | 45.5 |
| Average Volume | 7,913,695 |
| 200-Day Moving Average | 71.90 |
| 50-Day Moving Average | 73.31 |
| 20-Day Moving Average | 79.03 |
| 10-Day Moving Average | 80.70 |
| Average True Range | 2.29 |
| RSI (14) | 63.77 |
| ADX | 28.2 |
| +DI | 27.72 |
| -DI | 11.28 |
| Chandelier Exit (Long, 3 ATRs) | 77.25 |
| Chandelier Exit (Short, 3 ATRs) | 74.97 |
| Upper Bollinger Bands | 84.98 |
| Lower Bollinger Band | 73.08 |
| Percent B (%b) | 0.81 |
| BandWidth | 15.07 |
| MACD Line | 2.69 |
| MACD Signal Line | 2.55 |
| MACD Histogram | 0.1407 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 84.75 | ||||
| Resistance 3 (R3) | 84.84 | 84.25 | 84.41 | ||
| Resistance 2 (R2) | 84.25 | 83.73 | 84.20 | 84.30 | |
| Resistance 1 (R1) | 83.48 | 83.41 | 83.86 | 83.39 | 84.18 |
| Pivot Point | 82.89 | 82.89 | 83.08 | 82.84 | 82.89 |
| Support 1 (S1) | 82.12 | 82.37 | 82.50 | 82.03 | 81.24 |
| Support 2 (S2) | 81.53 | 82.05 | 81.48 | 81.12 | |
| Support 3 (S3) | 80.76 | 81.53 | 81.01 | ||
| Support 4 (S4) | 80.67 |
