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A price channel appears on a chart when a security's price becomes bounded between two parallel lines. Depending on the direction of the trend, the channel may be termed horizontal, ascending, or descending.
Traders should watch for a breakout from trendline resistance the 50-day moving average at $988.77 toward the upper end of Shopify's price channel. If the stock breaks out from those levels, traders could see a move to fresh all-time highs. If the stock breaks down from trendline support, traders could see a move toward the 200-day moving average at $801.84, although that seems less likely to occur.
In case you are keeping track:
Shopify will be a major winner in Affirm's IPO | Fortune
Can Shoptimize Take On Shopify & Co In India's Booming D2C Market?
After starting out as a service to help brands launch online stores, Pune-based Shoptimize added a growth-oriented analytics platform leveraging data from multiple online sources
With a mix of traditional and online-first D2C brands, Shoptimize claims to be generating revenue of INR 4 Cr - INR 5 Cr quarter-on-quarter
While there is plenty of competition in the D2C space for SaaS companies, Shoptimize counts its AI-driven growth engine as a key differentiator
Shopify poised for up to $500M US windfall from stake in payment firm Affirm about to go public
Canada's most valuable company could be about to get even more valuable, thanks to its tiny stake in a technology firm about to go public on the stock exchange.
Ottawa's Shopify has the option to buy 20,297,595 shares in Affirm, a San Francisco-based company that let's people pay for goods and services by instalment, instead of the fees and interest rates associated with credit cards. Affirm filed paperwork this week for an initial public offering that could value the company at up to $10 billion US.
And here's another article:
This Year's Best Stocking Stuffer? An Entire Shopify E-Commerce Business | Inc.com
If you've got an aspiring entrepreneur on your holiday gift list , how about giving them a ready-made e-commerce shop so they can test out their dreams of business ownership?
This week, Ottawa-based Shopify launched its Gift a Business campaign. Gift-givers can purchase a pre-built online store powered by the company's e-commerce software for $50 to $500. Shopify, founded in 2004, offers its customers the software to create online stores, processes purchases, and track shipping starting at $29 a month.
Shopify Partners with China's Alipay – WWD
Is Shopify cursed? - Cantech Letter
It's clear that Shopify has been an investor's dream (or nightmare, if you've been on the outside looking in), with its share price ballooning from about C$190 two years ago to now up over C$1200. That's a 530-per-cent return in 24 months. The stock has even poked above the C$1400 mark a few times in recent months, although it has trailed off since mid-October.
As with Amazon, Shopify is benefitting from COVID-19-related tailwinds in the e-commerce sector where both businesses and stay-at-home shoppers are relying on Shopify's online platform to serve their needs.
Shopify Stock Is Still Not Cheap Enough At 330 Times Sales and 277 P/E | InvestorPlace
When I wrote about Shopify (NYSE: SHOP ) last month on Oct. 21, I argued that its valuation was stretched out . Since then Shopify stock has fallen $103.71 or 10% to $918.30 on Nov. 13.
However, I still think that the stock is too high and most of its future good news is discounted in the price. There simply is no margin of safety for investors.
To make matters worse, though, I don’t know whether the stock will ever get into a buy range. This is because investors are still so ebullient on its prospects and are willing to pay up for this.
Happening on Twitter
Say HELLO to our #GiftBetter Guide featuring some tastemakers, and business owners just like you. Make the holida… https://t.co/pWb2iJ2ngb Shopify (from Everywhere) Thu Nov 19 15:01:37 +0000 2020
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