SHOPIFY INC - CLASS A (SHOP)
CA82509L1076 - Common Stock
Overall SHOP gets a technical rating of 1 out of 10. SHOP has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month SHOP has a been trading in the 68.02 - 75.99 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
SHOP has an average volume of 7466960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When compared to the yearly performance of all other stocks, SHOP outperforms 44% of them, which is more or less in line with the market.
SHOP is part of the IT Services industry. There are 86 other stocks in this industry, SHOP did better than 60% of them.
SHOP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SHOP is lagging the market slightly.
Although the technical rating is bad, SHOP does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 71.67, a Stop Loss order could be placed below this zone.
More info and screens
53.65
82.14
When analyzing the support we can see 5 important areas.
- A support zone ranging from 71.08 to 71.67. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @69.67 from a horizontal line in the weekly time frame.
- Support @68.57 from a horizontal line in the daily time frame.
- Support @56.57 from a trend line in the weekly time frame.
- Support @54.19 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @78.72 from a horizontal line in the weekly time frame.
- Resistance @81.33 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.61
Mansfield-0.21
10 Day High74.72
10 Day Low68.79
20 Day High75.99
20 Day Low68.02
52 Week High91.57
52 Week Low45.5
Performance
1 Week2.06%
2 Weeks3.58%
1 Month-3.76%
3 Month-13.18%
6 Month17.13%
12 Month16.07%
2 Year91.94%
3 Year-42.07%
5 Year161.91%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.28
RSI(14)47.83
LBB67.68
UBB73.7
SHOPIFY INC - CLASS A
NYSE:SHOP (5/2/2024, 7:19:11 PM)
After market: 72.5 +0.5 (+0.69%)72
+1.6 (+2.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg2.27%
1 Week2.06%
2 Weeks3.58%
1 Month-3.76%
3 Month-13.18%
6 Month17.13%
12 Month16.07%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.64
ATR(20)%3.51%
ATR Inc
Range Today2.49
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High74.72
10 Day Low68.79
20 Day High75.99
20 Day Low68.02
52 Week High91.57
52 Week Low45.5
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume5.39M
Volume Incr-9.28%
Vol(5)7.16M
Vol(50)7.47M