SHOPIFY INC - CLASS A (SHOP)
CA82509L1076 - Common Stock
We assign a technical rating of 9 out of 10 to SHOP. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SHOP is showing a nice and steady performance.
In the last month SHOP has a been trading in the 104.50 - 120.72 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that SHOP is one of the better performing stocks in the market, outperforming 91% of all stocks.
SHOP is one of the better performing stocks in the IT Services industry, it outperforms 81% of 83 stocks in the same industry.
SHOP is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SHOP is performing more or less in line with the market.
SHOP has an average volume of 8145660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, SHOP also presents a decent setup pattern. Prices have been consolidating lately. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
57.87
120.68
5 important support areas can be observed.
- Support @107.07 from a horizontal line in the daily time frame.
- A support zone ranging from 92.21 to 92.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @88.26 from a trend line in the daily time frame.
- Support @78.14 from a horizontal line in the daily time frame.
- Support @58.45 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 118.37 to 119.49. This zone is formed by a combination of multiple trend lines 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
CRS91.88
Mansfield2.83
10 Day High120.1
10 Day Low104.5
20 Day High120.72
20 Day Low104.5
52 Week High120.72
52 Week Low48.56
Performance
1 Week-4.96%
2 Weeks-7.96%
1 Month2.32%
3 Month38.4%
6 Month67.54%
12 Month41.81%
2 Year213.89%
3 Year-20.9%
5 Year174.03%
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)-1.82
RSI(14)50.41
LBB107.05
UBB120.8
SHOPIFY INC - CLASS A
NYSE:SHOP (12/20/2024, 8:04:00 PM)
After market: 109.5 +0.55 (+0.5%)108.95
+1.88 (+1.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg1.76%
1 Week-4.96%
2 Weeks-7.96%
1 Month2.32%
3 Month38.4%
6 Month67.54%
12 Month41.81%
2 Year213.89%
3 Year-20.9%
5 Year174.03%
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.6
ATR(20)%4%
ATR Inc26.65%
Range Today5.46
ADR(20)4.1
ADR(20)%3.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.88
Mansfield2.83
10 Day High120.1
10 Day Low104.5
20 Day High120.72
20 Day Low104.5
52 Week High120.72
52 Week Low48.56
CS1 End107.07
CR1 Start118.37
Volume & EV
DER(3)-1.74%
DER(5)0.35%
Volume6.71M
Volume Incr4.25%
Vol(5)7.86M
Vol(50)8.15M