Technical Analysis for SHOP - Shopify Inc.

Grade Last Price % Change Price Change
A 161.200 5.87% 8.940
SHOP closed up 5.87 percent on Wednesday, November 13, 2024, on 1.51 times normal volume. The bulls were able to push the stock to a new 52-week high. 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.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
Expansion Breakout Bullish Swing Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Wide Range Bar Range Expansion 0.00%
New 52 Week High Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Earnings Movers Other 0.00%
Multiple of Ten Bullish Other 0.00%
Wide Bands Range Expansion 0.00%
Above Upper BB Strength 0.00%

   Recent Intraday Alerts

Alert Time
Possible Inside Day about 6 hours ago
Up 1 ATR about 8 hours ago
Up 3% about 8 hours ago
Up 2% about 9 hours ago
Gap Down Closed about 10 hours ago

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Profile

Shopify Inc. Description

Shopify Inc. (Shopify) provides a cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. The Company offers subscription solutions and merchant solutions. The Company's software is used by merchants to run their business across all of their sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts and marketplaces. The Shopify platform provides merchants with a single view of their business and customers across all of their sales channels and enables them to manage products and inventory, process orders and payments, ship orders, build customer relationships and leverage analytics and reporting all from one integrated back office. The Shopify platform includes a mobile-optimized checkout system, which is designed to enable merchants' consumers to buy products over mobile Websites. Its merchants are able to offer their customers the ability to check out by using Apple Pay.


Classification

Sector: Technology
Industry: Software - Application
Keywords: Retail Marketing Software Media Mobile Ships Integrated Analytics Inventory E Commerce Marketplace Social Media Retail Locations Commerce Platform Market Economics) Online Shopping Places

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 161.86
52 Week Low 72.36
Average Volume 2,482,855
200-Day Moving Average 99.081
50-Day Moving Average 109.897
20-Day Moving Average 117.511
10-Day Moving Average 123.136
Average True Range 6.014
RSI (14) 89.86
ADX 35.64
+DI 58.638
-DI 4.978
Chandelier Exit (Long, 3 ATRs) 143.819
Chandelier Exit (Short, 3 ATRs) 125.571
Upper Bollinger Bands 145.063
Lower Bollinger Band 89.958
Percent B (%b) 1.29
BandWidth 46.894
MACD Line 8.476
MACD Signal Line 3.852
MACD Histogram 4.6248
Fundamentals Value
Market Cap 17.74 Billion
Num Shares 110 Million
EPS 1.62
Price-to-Earnings (P/E) Ratio 99.57
Price-to-Sales 51.09
Price-to-Book 20.38
PEG Ratio 0.00
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 181.450
Resistance 3 (R3) 179.420 170.640 178.075
Resistance 2 (R2) 170.640 165.483 171.655 176.949
Resistance 1 (R1) 165.920 162.297 168.280 167.950 175.825
Pivot Point 157.140 157.140 158.320 158.155 157.140
Support 1 (S1) 152.420 151.983 154.780 154.450 146.575
Support 2 (S2) 143.640 148.797 144.655 145.451
Support 3 (S3) 138.920 143.640 144.325
Support 4 (S4) 140.950