Shopify, 4th week of the buy signal with earnings close
Shopify stock: +3% this week, but the last session flags distribution
Shopify, 4th week of the buy signal with earnings close
Our view last week
Shopify stock closes a rough week, down 7.9%, but the price has already carved a clean double bottom in the 105 area, with an 11% intermediate rebound: the pattern is strong. The buy signal, fired three weeks ago and confirmed the following week, is holding but losing shine — the weekly ADX is slipping and the MACD is deteriorating. With earnings on the calendar these days, Shopify's technical analysis calls for extra caution.
This week's summary
Shopify stock bounces back 3% after last week's rough session, but the final trading day tells a different story: sellers dominated sharply and the daily picture points to a distribution phase underway. The price stays boxed between the pivot point average, in the 118 area, and the daily Kumo ceiling, in the 115.65 area. Shopify's technical analysis arrives right before earnings, expected August 5, with the 4th week of the buy signal calling for extra caution.
IQS Phase
38
ordinary
Signal Strength
81
high · wide & volatile
Sizing
FULL
Ranking
#15 / 120
US stocks in progress
Trade P&L %
-1.93%
from signal to date, no stop loss
Rank position
ranks 15th among the 120 Longs already running for US stocks in our ranking, with a signal strength of 81 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -0.30% · monthly -5.53%
SHOP belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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