US stocks · first confirmation week positive
Shopify climbs 2.6% to confirm the bounce, but the trend loses steam
US stocks · first confirmation week positive
Our view last week
Shopify opens a fresh buy signal, ranking 3rd among the 10 new Long setups for US stocks, with a signal strength of 76 out of 100. The bounce comes off the 20-day moving average, with a 7% recovery from the session lows: a wide move, on a stock our model classifies as high volatility.
This week's summary
Shopify stock closes its first confirmation week up 2.6%, after the double bottom in the 105 area and an intermediate 11% rebound. Signal strength climbs to 79 out of 100, but the weekly trend is losing conviction: the ADX is slipping and three caution flags show up in the price action. The stock ranks 24th among the 129 US buys already running, with wide running room above the 50-week average, in the 124 area.
IQS Phase
59
ordinary
Signal Strength
79
high · wide & volatile
Sizing
FULL
Ranking
#24 / 129
US stocks in progress
Trade P&L %
+2.58%
from signal to today
restricted Platinum content