BI Stock Report

Advanced view Beginner View

Shopify Inc. Class A Subordinate Voting Shares(SHOP:CA:TSX)

  • 1 month
  • 3 months
  • 6 months
  • 1 year
  • view all
Last Candle Pattern: Long Line Candle on 29/10/2024
Data as of end of day (EOD): Wednesday, October 30, 2024
$111.25

-0.8000


BI RATING:

Bearish

% Change -0.71%
Volume 1,791,497
Open 111.44
Day High 112.03
Day Low 110.39
Previous Close 112.05

Daily Commentary

The stock price direction for the day for SHOP:CA is DOWN. This stock is currently not trending in any direction or the stock may be fluctuating over the last 5 to 7 days, but after all the fluctuations, finds itself in roughly the same price point as it did when BullishInvestor.com started analyzing it 7 days earlier. As a result, the trend for this stock is too weak to properly analyze at this time. That being said, short spurts of share price increases or decreases can still occur even though a trend has not been properly analyzed which is why watching the BullishInvestor.com daily ratings may be able to pinpoint quick entry and exit levels in this stock. Based on BullishInvestor.com’s proprietary algorithms, SHOP:CA is currently signalling BEARISH.

The most recent Candle Stick pattern for SHOP:CA is the Doji. Overall the technical indicators are signaling a bearish reading for SHOP:CA. The last BULLISH rating was registered on Oct 04, 2024 when SHOP:CA was trading at $ 111.91.

This stock now finds itself with a BEARISH rating and investors should be on the lookout for the possibility of further downside pressure.

Technical Indicators

  
[+] Click hyperlink
to expand text.
[+] Bollinger Bands
[+] Exponential Moving Average
[+] Parabolic SAR
[+] Money Flow Index
[+] MACD
[+] Relative Strength Index
[+] Stochastics
[+] Williams %R

Did you know that BullishInvestor.com has an advanced view for SHOP:CA which let’s experienced technical traders analyze the stock chart of SHOP:CA and input specific technical indicators, moving averages, price bands and much more. To view and plot your custom technical stock chart, select the “advanced view” option for SHOP:CA located near the top right hand corner of this page or simply click the button below.



About BullishInvestor.com:


BullishInvestor.com is a financial portal focused on providing free technical analysis and stock screening capabilities to help investors optimize their investing capabilities. BullishInvestor.com offers free U.S. and Canadian technical analysis charts, bullish/bearish ratings and stock screening tools for over 15,000 stocks utilizing technical analysis techniques such as candlestick charting, technical analysis indicators as well as volume and trend analysis. For more information on BullishInvestor.com and its many unique features, click here.


Disclaimer: The opinions provided herein are intended to inform and educate. They come with no warranty of any kind. If any investor chooses to interpret BullishInvestor.com’s information as investment advice, they do so at their own risk. Investing can be a very risky venture and individuals must assume the entire cost and risk involved in all of their investment decisions, should they choose to follow this advice or use this information. BullishInvestor.com staff, members of the staff's families, and/or entities with which they are affiliated, may from time to time, buy, sell or hold stock in and have other financial dealings with the companies that appear on the BullishInvestor.com web site, mailings, or publications. The information contained on the BullishInvestor.com web site, mailings, and publications is drawn from sources believed to be factual and reliable, but in no way does BullishInvestor.com represent or guarantee the accuracy or completeness thereof, nor in providing it, does BullishInvestor.com assume any liability. The information found on the BullishInvestor.com web site, mailings, or publications is protected by the copyright laws of the United States and Canada and may not be copied, or reproduced in any way without the expressed, written consent of the editors.


Viewing this website constitutes your acceptance of the BullishInvestor.com terms of service and disclaimer.