Technical Analysis for SHOP - Shopify Inc.
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| F | 57.81 | -1.63% | -0.96 |
SHOP closed down 1.63 percent on Thursday, May 16, 2024, on approximately 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 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 | Down | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| New Downtrend | Bearish | 0.00% | |
| Calm After Storm | Range Contraction | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| Wide Bands | Range Expansion | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Slingshot Bearish | Bearish Swing Setup | -1.63% | |
| Stochastic Buy Signal | Bullish | -1.63% | |
| Spinning Top | Other | -1.63% | |
| Calm After Storm | Range Contraction | -1.63% |
| Alert | Time |
|---|---|
| 60 Minute Opening Range Breakdown | about 5 hours ago |
| Possible NR7 | about 5 hours ago |
| Down 1% | about 6 hours ago |
| 1.5x Volume Pace | about 9 hours ago |
| Slingshot Bearish Entry | about 9 hours ago |
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- Earnings date: 05/08/2024
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 | 9,713,673 |
| 200-Day Moving Average | 68.31 |
| 50-Day Moving Average | 72.51 |
| 20-Day Moving Average | 67.99 |
| 10-Day Moving Average | 64.64 |
| Average True Range | 3.08 |
| RSI (14) | 29.08 |
| ADX | 25.62 |
| +DI | 16.56 |
| -DI | 40.54 |
| Chandelier Exit (Long, 3 ATRs) | 68.58 |
| Chandelier Exit (Short, 3 ATRs) | 66.16 |
| Upper Bollinger Bands | 81.06 |
| Lower Bollinger Band | 54.93 |
| Percent B (%b) | 0.11 |
| BandWidth | 38.43 |
| MACD Line | -3.99 |
| MACD Signal Line | -2.66 |
| MACD Histogram | -1.3334 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 59.63 | ||||
| Resistance 3 (R3) | 59.82 | 59.40 | 59.32 | ||
| Resistance 2 (R2) | 59.40 | 58.94 | 59.31 | 59.22 | |
| Resistance 1 (R1) | 58.61 | 58.66 | 58.40 | 58.42 | 59.12 |
| Pivot Point | 58.19 | 58.19 | 58.09 | 58.10 | 58.19 |
| Support 1 (S1) | 57.40 | 57.73 | 57.19 | 57.21 | 56.50 |
| Support 2 (S2) | 56.98 | 57.45 | 56.89 | 56.40 | |
| Support 3 (S3) | 56.19 | 56.98 | 56.30 | ||
| Support 4 (S4) | 56.00 |
