Shopify (SHOP, $95.48) entered Downtrend as Momentum indicator drops below 0 level on Mar 31, 2025

#PackagedSoftware, #TechnicalAnalysis, #Momentum, #Bearish, #Stocks, #LargeCap
SHOP - Shopify Inc
Momentum signal
Bearish Trend
82%
Odds of DOWN Trend
Price: $95.48
Daily change: -$1.2 (-1.24%)
Daily volume: 15.8M
Industry: Packaged Software

This indicator may be signaling that SHOP's price has further to drop, since it fell below its price logged 14 days ago. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 92 similar cases where SHOP's Momentum Indicator fell below the 0 level, and 75 of them led to a successful outcome. Odds of Success: 82%.