(SHOP) Trading Signals

Longer Term Trading Plans for SHOP

• Buy SHOP near 91.83 target 112.23 stop loss @ 91.56 Details

The technical summary data tells us to buy SHOP near 91.83 with an upside target of 112.23. This data also tells us to set a stop loss @ 91.56 to protect against excessive loss in case the stock begins to move against the trade. 91.83 is the first level of support below 98.71 , and by rule, any test of support is a buy signal. In this case, support 91.83 would be being tested, so a buy signal would exist.

• Short SHOP slightly under 112.23, target 91.83, stop loss @ 112.55 Details

The technical summary data is suggesting a short of SHOP as it gets near 112.23 with a downside target of 91.83. We should have a stop loss in place at 112.55though. 112.23 is the first level of resistance above 98.71, and by rule, any test of resistance is a short signal. In this case, if resistance 112.23 is being tested, so a short signal would exist.

Swing Trading Plans for SHOP

• Buy SHOP slightly over 99.46, target 112.23, Stop Loss @ 99.17 Details

If 99.46 begins to break higher, the technical summary data tells us to buy SHOP just slightly over 99.46, with an upside target of 112.23. The data also tells us to set a stop loss @ 99.17 in case the stock turns against the trade. 99.46 is the first level of resistance above 98.71, and by rule, any break above resistance is a buy signal. In this case, 99.46, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short SHOP slightly near 99.46, target 91.83, Stop Loss @ 99.75. Details

The technical summary data is suggesting a short of SHOP if it tests 99.46 with a downside target of 91.83. We should have a stop loss in place at 99.75 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 99.46, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for SHOP

• Buy SHOP slightly over 99.46, target 102.98, Stop Loss @ 99.23 Details

If 99.46 begins to break higher, the technical summary data tells us to buy SHOP just slightly over 99.46, with an upside target of 102.98. The data also tells us to set a stop loss @ 99.23 in case the stock turns against the trade. 99.46 is the first level of resistance above 98.71, and by rule, any break above resistance is a buy signal. In this case, 99.46, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short SHOP slightly near 99.46, target 98.62, Stop Loss @ 99.69. Details

The technical summary data is suggesting a short of SHOP if it tests 99.46 with a downside target of 98.62. We should have a stop loss in place at 99.69 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 99.46, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Shopify Inc. Class A Subordinate (SHOP) available here: SHOP.

SHOP Ratings for April 29:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	91.83
P2	98.62	91.83	112.23
P3	102.98	99.46	132.2

AI Generated Signals for SHOP

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