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SHOPIFY INCSHOPIFY INCSHOPIFY INC

SHOPIFY INC

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SHOP trade ideas

SMarket Metrics Trading volume was 48 percent above the 20-day average for this time of day. One-month implied volatility was 81 percent. The relative strength index on the stock was below 30, indicating it may be oversold. Of shares that were traded, 15 percent were at the ask price and 11 percent were at the bid. Market Insights Stock declined 25 percent in the past 52 weeks. The S&P 500 Index gained 15 percent. The shares are down 4.1 percent in the past 5 days and fell 39 percent in the past 30 days. Shopify trades at 134 times its estimated earnings per share for the coming year. Short interest was equal to 1.2 days of average trading volume. In the previous two years, the short-interest ratio ranged from 0.6 days to 2.4 days. Shares sold short amount to 2 percent of float. Catalysts Analyst Rating Changes: Zacks analyst Team Coverage downgraded the recommendation on Shopify to underperform and assigned a target price of $591 yesterday ESG Scores Shopify has a provisional governance score of 6.48. The Bloomberg ESG Disclosure Score, measuring the extent to which companies report ESG data, was 37.60 on a 100-point scale, compared with the Bloomberg peer group average of 24.29. Shopify's Sustainalytics Risk Score fell to 23.33 from 24.95 six months ago. Sustainalytics measures unmanaged financially material environmental, social and governance risks, so a lower score is better. The company’s Bloomberg peer group has an average score of 18.34. Its MSCI ESG rating, ranking ESG business practices from a top AAA to a worst CCC, is AA. The company’s S&P Global ESG Rank, which looks at how companies are mitigating ESG risks, is 66 out of 100. The Bloomberg peer group average is 46.56. ISS Governance, which examines governance criteria on a 1-10 scale with 1 as the lowest risk, gave Shopify a QualityScore of 9, compared with a Bloomberg peer group average of 6.07. It's CDP Integrated Performance Score, measuring commitment to controlling climate change in a 1-8 ranking, is 4.00, versus 2.14 for the Bloomberg peer group.
NYSE:SHOPLong
by pivotanalytics
Shopify sinking..!if SHOP has lost 50% of its value in 42 days, do not be surprised if it lost another 30% from current prices in less than 1 month! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA , an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NYSE:SHOPShort
by Moshkelgosha
1
$SHOP in a Very Vulnerable PositionI would favor a short on SHOP. It could possibly be played long for a bounce back to trend line and maybe even to the 10 / 20 EMAs. It is up pre-market but I'll be watching this for a short set-up if it losses the horizontal support area it tagged yesterday. I may even go long for a day or swing trade if it can get over the downtrend line and then look for a reversal to short at the 10 / 20 EMA. All TBD. Ideas, not investing / trading advice.
NYSE:SHOPShort
by jaxdog
3
SHOPIFY INC. - SHORT TERM BEAR SCENARIOThe bearish scenario is more likely to continue for Shopify inc. , after the breakout of the major support level. If the bears succeed with their plan and price dip below $1030 we may see new lows below $900. Shopify Inc. is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems.The Shopify platform offers online retailers a suite of services including payments, marketing, shipping, and customer engagement tools.
NYSE:SHOPShort
by legacyFXofficial
3
How Accurate was our prediction on 21 Jul 2021 !SHOPIFY stock choose our predicted path . We made this price targets and stock path prediction several weeks ago ! How amazing! It may seem that we are proud of ourselves and pay ourselves compliment ! Although we think that we deserve such a compliment , We just want to encourage you to know what kind of success can be achieved using Elliott waves several weeks ahead of the market ! I admit timing was not so accurate but price prediction was nearly perfect.! Few people could imagine about 60% fall from ATH ! Time proves the value of an idea ! Good luck everybody!
NYSE:SHOP
by SaeedSajedi
4
$SHOP Either March 21 or the Ides of March$SHOP is another pandemic darling that has fallen on rough times lately. However, even during the rise big swings in price are observed. In that sense $SHOP longs better hope that this is March 21 again in which it fell from $1500 to $1000 then made a new high. The macro environment of perceived higher rates won't help. Neither does the fact that the March 21 drop was back into consolidation. The last stops before $1100s and $1000s should have decent amounts of support. Best case it's a chance to consolidate then reverse. Worst case these are the last stops before the March 20 highs.
NYSE:SHOPShort
by Coureur_de_bois
Head and ShouldersPossible Targets listed in orange below structure. The first target was 926.15 and this has surpassed that. This could stop falling if market turns around so targets are only "possible" targets down. Price has crossed below neckline with a confirmed downtrend. Possible stop above neckline or where you see resistance. No recommendation. A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, where the outside two are close, not exact, in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. This pattern can have more than one Head and more than 2 shoulders nd is then called a complicated H&S. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end. A head-and-shoulders takes place on a chart (on any time frame), when a stock (for example) rises in an uptrend to a new high. Strong volume lifts the price action to the peak of what results in the top of the left shoulder. Next, the pullback takes place and the left shoulder is complete. The pullback is a reflection of mass psychology when latecomers jump into the game during this pullback pushing the security higher and the top of the Head forms. The stock tumbles down to the prior support area formed by the completion of the left shoulder. The Head and left shoulder are now completely formed. At this area, known as the neckline (of the finished pattern), a small group of hopeful buyers pushes the price up again. This time, however, the optimism is fading and price moves up only to the top of the left shoulder, if that high. Volume dissipates and the price rolls over, forming the top of the right shoulder. The neckline is support as price has tested this area before. The pattern is not valid until the neckline is clearly broken with a downtrend. In come cases, especially in a very bullish market, this can be a very long time and the pattern may fail as price goes on to make new highs. This pattern does best in a bear market. The Inverse Head and Shoulders, or H&S Bottom which is simply the Head & Shoulders pattern flipped over, does best in a bull market.
NYSE:SHOPShort
by lauralea
4
Shopify Taking a Tumble? Shopify - Short Term - We look to Sell at 1266 (stop at 1328) A bearish Head and Shoulders has formed. Neckline resistance 1300. There is no indication that the selloff is coming to an end. The bias is still for lower levels and we look for any gains to be limited. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1300, resulting in improved risk/reward. Our profit targets will be 1023 and 895 Resistance: 1200 / 1300 / 1400 Support: 1100 / 1000 / 900 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:SHOPShort
by Saxo
1
Shopify Analysis 06.01.2022Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow!
NYSE:SHOP
by basictradingtv
12