Shopify · Sell signal at week 21
Shopify: May rebound absorbed, decline continues
Shopify · Sell signal at week 21
In Summary
Shopify is at week 21 of a sell signal, with the trade up 21% from entry. The sharp mid-May rebound — over 15% in a single week — was systematically rejected in the 110-112 area, and the decline resumed. The latest week closed nearly flat, but the confirmation week ended bearish once more, and the technical distribution is still underway.
IQS Phase
52
ordinary
Signal Strength
2
indecisive week
Sizing
MINIMUM
Ranking
#99 / 119
US stocks
Trade P&L %
+21.06%
from signal to today
restricted Platinum content