Shopify Inc. (SHOP)

Shopify Inc. is trading at $168.81, down 3.14% on the session. The 50 day average sits at $149.35 and the 200 day at $129.70, which puts the stock in a uptrend. RSI is at 61, which reads as strong, and MACD is bullish crossover. Volume is volume spike.

The nearest support is around $144.12 with resistance near $180.88, so that band frames the current range. Average daily movement is roughly $7.80, or about 4.6% of the share price, which is what any stop placement has to allow for. The overall health score of 87 out of 100 combines a trend score of 100, momentum of 94 and a risk score of 56.

Shopify Inc., a commerce technology company, provides tools to start, scale, market, and run a business of various sizes in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The Company offers Shopify platform that enables merchants to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, source products, leverage analytics, and reporting and access financing for running their business across all of their sales channels, including web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces. It also provides Shopify Payments, a fully integrated payment processing service that allows merchants to accept and process payment cards online and offline. In addition, the company engages in the sale of themes and apps; shipping labels through Shopify Shipping; point-of-sale hardware; advertising on the Shopify App Store; and Shop Campaigns for buyer acquisitions, as well as registration of domain names. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is based in Ottawa, Canada.