SHOPIFY INC - CLASS A (SHOP) Stock Technical Analysis
NASDAQ:SHOP - Nasdaq - CA82509L1076 - Common Stock - Currency: USD
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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
SHOP has an average volume of 11949300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, SHOP outperforms 68% of them, which is more or less in line with the market.
SHOP is an average performer in the IT Services industry, it outperforms 63% of 81 stocks in the same industry.
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.
In the last month SHOP has a been trading in the 69.84 - 111.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SHOP has a poor technical rating and the quality of the setup is also not perfect at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
61.24
97.56
3 important support areas can be observed.
- Support @78.22 from a trend line in the daily time frame.
- A support zone ranging from 76.89 to 76.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @61.86 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 91.40 to 91.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 96.57 to 96.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.73
Mansfield0.52
10 Day High94.14
10 Day Low69.84
20 Day High111
20 Day Low69.84
52 Week High129.38
52 Week Low48.56
Performance
1 Week-1.16%
2 Weeks1.65%
1 Month-17.87%
3 Month-19.06%
6 Month1.17%
12 Month20.07%
2 Year72.65%
3 Year95.98%
5 Year32.3%
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)0.02
RSI(14)41.16
LBB71.5
UBB100.35
83.65
-0.31 (-0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-0.37%
1 Week-1.16%
2 Weeks1.65%
1 Month-17.87%
3 Month-19.06%
6 Month1.17%
12 Month20.07%
2 Year72.65%
3 Year95.98%
5 Year32.3%
10 YearN/A
15 YearN/A
Volatility
ATR(14)9.24
ATR(20)%9.64%
ATR Inc-61.82%
Range Today3.24
ADR(20)6.7
ADR(20)%8.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.73
Mansfield0.52
10 Day High94.14
10 Day Low69.84
20 Day High111
20 Day Low69.84
52 Week High129.38
52 Week Low48.56
CS1 End78.22
CR1 Start91.4
Volume & EV
DER(3)0.63%
DER(5)0.01%
Volume11.59M
Volume Incr-18.36%
Vol(5)11.19M
Vol(50)11.95M