The Shopify Inc. (NYSE:SHOP) Moves Explained (2019-12-23)

REPORTING FOR 2019-12-23 | WCX19.ORG: We have done an in-depth analysis of how SHOP has been trading over the last 2 weeks and the past day especially. On its latest session, Shopify Inc. (NYSE:SHOP) opened at 393.05, reaching a high of 398.696 and a low of 387.51 before closing at a price of 390.07. There was a total volume of 1684042.

VOLUME INDICATORS FOR SHOPIFY INC. (NYSE:SHOP): We saw an accumulation-distribution index of 2080.08478, an on-balance volume of 393.06, chaikin money flow of 2.96245 and a force index of 20.78175. There was an ease of movement rating of -0.04734, a volume-price trend of 64.34984 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR SHOPIFY INC. (NYSE:SHOP): We noted an average true range of 9.27808, bolinger bands of 394.70744, an upper bollinger band of 384.07256, lower bollinger band of 387.51, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 393.08533, high band keltner channel of 387.43933, low band keltner channel of 398.73133, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 387.51, a donchian channel low band of 387.51, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR SHOPIFY INC. (NYSE:SHOP): We calculated a Moving Average Convergence Divergence (MACD) of 0.08436, a MACD signal of 0.04687, a MACD difference of 0.03749, a fast Exponential Moving Average (EMA) indicator of 387.51, a slow Exponential Moving Average (EMA) indicator of 387.51, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 1.2226, a trix of 14.27001, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of 66.66667, a Detrended Price Oscillator (DPO) of -54.71714, a KST Oscillator (KST) of 164.41803 and a KST Oscillator (KST Signal) of 164.41803 (leaving a KST difference of 2.82458). We also found an Ichimoku rating of 395.873, an Ichimoku B rating of 395.873, a Ichimoku visual trend A of 348.21683, an Ichimoku visual trend B of 353.25088, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of 4.0.

MOMENTUM INDICATORS FOR SHOPIFY INC. (NYSE:SHOP): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 90.80607, a stochastic oscillator of 198.12256, a stochastic oscillator signal of 198.12256, a Williams %R rating of 98.12256 and an awesome oscillator of -0.44133.

RETURNS FOR SHOPIFY INC. (NYSE:SHOP): There was a daily return of 16.4418, a daily log return of 0.96562 and a cumulative return of 0.9703.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-12-23 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Shopify Inc. (NYSE:SHOP)…

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Shopify Inc. (NYSE:SHOP) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.