SHOPIFY INC - CLASS A (SHOP) Stock Technical Analysis
NASDAQ:SHOP - Nasdaq - CA82509L1076 - Common Stock - Currency: USD
Taking everything into account, SHOP scores 4 out of 10 in our technical rating. Although SHOP is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month SHOP has a been trading in the 69.84 - 99.82 range, which is quite wide. It is currently trading near the high of this range.
SHOP has an average volume of 11388100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, SHOP did better than 81% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
SHOP is part of the IT Services industry. There are 82 other stocks in this industry, SHOP did better than 67% of them.
SHOP is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
SHOP has an average technical rating and it also does not offer a high quality setup 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
61.64
99.91
We found 6 important support areas.
- A support zone ranging from 96.72 to 97.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @95.00 from a horizontal line in the daily time frame.
- Support @85.44 from a trend line in the daily time frame.
- A support zone ranging from 79.46 to 79.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @78.14 from a horizontal line in the daily time frame.
- Support @62.26 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @97.12 from a horizontal line in the weekly time frame.
- Resistance @98.92 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
CRS81.14
Mansfield1.4
10 Day High99.82
10 Day Low80.35
20 Day High99.82
20 Day Low69.84
52 Week High129.38
52 Week Low48.56
Performance
1 Week1.99%
2 Weeks15.54%
1 Month-3.62%
3 Month-16.94%
6 Month22.81%
12 Month30.28%
2 Year69.63%
3 Year158.61%
5 Year28.02%
10 Year3466.54%
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)2.1
RSI(14)54.91
LBB76.78
UBB102.94
97.01
+2.01 (+2.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg2.12%
1 Week1.99%
2 Weeks15.54%
1 Month-3.62%
3 Month-16.94%
6 Month22.81%
12 Month30.28%
2 Year69.63%
3 Year158.61%
5 Year28.02%
10 Year3466.54%
15 YearN/A
Volatility
ATR(14)4.71
ATR(20)%7.83%
ATR Inc-14.27%
Range Today3.34
ADR(20)6.13
ADR(20)%6.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.14
Mansfield1.4
10 Day High99.82
10 Day Low80.35
20 Day High99.82
20 Day Low69.84
52 Week High129.38
52 Week Low48.56
CS1 End84.97
CR1 Start96.43
Volume & EV
DER(3)0.91%
DER(5)0.92%
Volume8.22M
Volume Incr-42.57%
Vol(5)8.39M
Vol(50)11.39M