Technical Analysis for SHOP - Shopify Inc.

Grade Last Price % Change Price Change
C 105.750 0.07% 0.070
SHOP closed up 0.07 percent on Tuesday, May 7, 2024, on 1.29 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
Earnings due: May 8
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
MACD Bullish Centerline Cross Bullish 0.00%
NR7 Range Contraction 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%
Up 5 Days in a Row Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Gapped Down Weakness 0.00%
50 DMA Support Bullish 0.07%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 18 hours ago
Rose Above Previous Day's High about 22 hours ago
Down 1% about 22 hours ago
Fell Below Upper Bollinger Band about 22 hours ago
Up 3% 1 day 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 Market Economics) Online Shopping Retail Locations Social Media Commerce Platform 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 123.2
52 Week Low 63.16
Average Volume 2,474,227
200-Day Moving Average 93.008
50-Day Moving Average 101.709
20-Day Moving Average 98.216
10-Day Moving Average 99.712
Average True Range 3.478
RSI (14) 62.41
ADX 18.09
+DI 30.851
-DI 14.932
Chandelier Exit (Long, 3 ATRs) 96.066
Chandelier Exit (Short, 3 ATRs) 104.284
Upper Bollinger Bands 104.423
Lower Bollinger Band 92.008
Percent B (%b) 1.11
BandWidth 12.640
MACD Line 0.204
MACD Signal Line -1.009
MACD Histogram 1.2129
Fundamentals Value
Market Cap 11.64 Billion
Num Shares 110 Million
EPS 1.62
Price-to-Earnings (P/E) Ratio 65.32
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) 109.020
Resistance 3 (R3) 108.907 107.703 108.475
Resistance 2 (R2) 107.703 106.871 107.760 108.293
Resistance 1 (R1) 106.727 106.356 107.215 106.840 108.112
Pivot Point 105.523 105.523 105.768 105.580 105.523
Support 1 (S1) 104.547 104.691 105.035 104.660 103.388
Support 2 (S2) 103.343 104.176 103.400 103.207
Support 3 (S3) 102.367 103.343 103.025
Support 4 (S4) 102.480