157.2 USD
-3.77 (-2.34%)
157.131 USD
-0.07 (-0.04%)
We assign a technical rating of 7 out of 10 to SHOP. In the last year, SHOP was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month SHOP has a been trading in the 155.15 - 172.98 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, SHOP did better than 85% of all other stocks.
SHOP is one of the better performing stocks in the IT Services industry, it outperforms 83% of 88 stocks in the same industry.
SHOP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SHOP is lagging the market slightly.
SHOP has an average volume of 7994610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
SHOP has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
78.20
175.61
5 important support areas can be observed.
- A support zone ranging from 151.83 to 152.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 139.92 to 140.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @136.68 from a horizontal line in the daily time frame.
- Support @101.92 from a trend line in the weekly time frame.
- Support @78.99 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @170.01 from a trend line in the daily time frame.
- Resistance @173.87 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SHOP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SHOP is neutral. |
| ChartMill Relative Strength | 85.72 | POSITIVE | SHOP has a high relative strength, it outperformed 85.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SHOP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SHOP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SHOP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.86 | NEUTRAL | The RSI value for SHOP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.01 | NEGATIVE | The MACD value suggests SHOP has a negative trend. |
| Stochastics (14,3) | 29.6 | NEUTRAL | The Stochastics value for SHOP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.76 | MEDIUM VOLATILITY | The ATR as a percentage value for SHOP suggests some volalility. |
| Average Directional Index/ADX (14) | 14.38 | NEGATIVE | The low ADX value for SHOP suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 166.57 | 155.14 | 11.43 (6.86%) | 14.57% |
| An entry @166.57. This is a Buy Stop order right above the 10 day moving average. | An exit @155.14. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 11.43 points, which is 6.86%. | For a 1.00% total portfolio risk, you can invest 14.57% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
157.2
-3.77 (-2.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-2.34%
1 Week-7.23%
2 Weeks-2.8%
1 Month-1.75%
3 Month-2.45%
6 Month34.91%
12 Month43.89%
2 Year96.33%
3 Year219.06%
5 Year43.09%
10 Year6670.03%
15 YearN/A
Volatility
ATR(14)5.71
ATR(20)%3.76%
ATR Inc1.17%
Range Today9.15
ADR(20)5.64
ADR(20)%3.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.72
3 months CRS38.95
6 months CRS89.49
Mansfield1.37
10 Day High172.98
10 Day Low155.15
20 Day High172.98
20 Day Low155.15
52 Week High182.19
52 Week Low69.84
CS1 End152.46
CR1 Start170.01
Volume & EV
DER(3)-2.4%
DER(5)-1.44%
Volume6.53M
Volume Incr-34.37%
Vol(5)4.24M
Vol(50)7.99M
SHOPIFY INC - CLASS A / SHOP FAQ
What is the ChartMill technical rating of SHOPIFY INC - CLASS A (SHOP) stock?
ChartMill assigns a technical rating of 7 / 10 to SHOP.
What is the trend direction for SHOP stock?
The current trend direction for SHOPIFY INC - CLASS A (SHOP) is Bullish.
What is the RSI signal for SHOP stock?
SHOPIFY INC - CLASS A (SHOP) has an RSI value of 42.8559. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SHOPIFY INC - CLASS A?
The short term momentum for SHOPIFY INC - CLASS A (SHOP) is neutral.