Shopify — week 20 of the decline
The bounce is over: distribution resumes
Shopify — week 20 of the decline
In Summary
Shopify is at week 20 of a sell signal, with a 21.5% gain since inception. The explosive late-May bounce — +15.3% with buyers at 94% — was fully absorbed the following week. CMF has returned negative and sellers control 68% of the flow: distribution has resumed.
IQS Phase
65
ordinary
Signal Strength
29
indecisive week
Sizing
MINIMUM
Ranking
#53 / 114
US stocks
Trade P&L %
+21.50%
from signal to today
restricted Platinum content