By Mill Chart
Last update: Nov 26, 2024
Growth investors are on the lookout for stocks displaying robust revenue and EPS growth. In this analysis, we'll assess whether SHOPIFY INC - CLASS A (NYSE:SHOP) aligns with growth investing criteria, especially as it consolidates and signals a possible breakout. As always, investors should conduct their own research, but SHOPIFY INC - CLASS A has surfaced on our radar for growth with base formation, warranting further examination.
ChartMill assigns a Growth Rating to every stock. This score ranges from 0 to 10 and evaluates the different growth aspects like EPS and Revenue, both in the past as in the future. NYSE:SHOP scores a 9 out of 10:
ChartMill assigns a Health Rating to every stock. This score ranges from 0 to 10 and evaluates the different health aspects like liquidity and solvency, both absolutely, but also relative to the industry peers. NYSE:SHOP scores a 8 out of 10:
ChartMill's Profitability Rating offers a unique perspective on stock analysis, providing scores from 0 to 10. These ratings consider a wide range of profitability metrics and margins, both in comparison to industry peers and on their own merits. For NYSE:SHOP, the assigned 5 is a significant indicator of profitability:
Besides the Technical Rating, ChartMill also assign a Setup Rating to every stock. This setup score also ranges from 0 to 10 and determines to which extend the stock is consolidating. This is achieved by evaluating multiple short term technical indicators. NYSE:SHOP currently has a 8 as setup rating:
Besides having an excellent technical rating, SHOP also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 109.45, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SHOP in the last couple of days, which is a good sign.
Every day, new Strong Growth stocks can be found on ChartMill in our Strong Growth screener.
Our latest full fundamental report of SHOP contains the most current fundamental analsysis.
Check the latest full technical report of SHOP for a complete technical analysis.
This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.
105.03
+1.45 (+1.4%)
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SHOPIFY (NASDAQ:SHOP) is a high-growth stock with strong financial health and a bullish technical setup, making it a candidate for investors seeking breakout opportunities.