Top Buzzing ranking November 28 - Shopify


Jean-Christophe Rolland


November 28, 2023



Min Read

Using Trading Central's Market Buzz and looking into Top Buzzing ranking to find premarket moves, we have identified Shopify as an interesting choice.

TC Market Buzz has identified Buzzing news volume over the last 24 hours, with 84 mentions.

Overall mentions represent the number of publications in the past 24 hours that mention the subject, along with a descriptor indicating how it compares to the 7-day average.

Into Most Discussed Topics widget, we find “Revenue Increase” as the the e-commerce platform unveiled record “Black Friday” sales. 

On the sentiment side, the orientation of the news headlines is signaling a bullish sentiment score of 63 (positive) 

The Sentiment Score indicates how the crowd feels about a financial instrument, ranging from "very negative" to "very positive".

With an above average confidence index reading to back up the sentiment score.

The confidence index is the volume of news evidence backing the sentiment score, indicating how much trust can be placed in it. It is broken down into three levels of low, average, high.

While subjectivity widget is considered as “Low”.

The subjectivity index measures how rational the crowd's opinion of an entity is, which can be helpful in identifying market bubbles. Its score ranges from 0 (very rational) to 100 (very irrational).

Regarding technical analysis, from a daily point of view, the stock posts new highs since April 2022. Trading Central Technical Views sees a support at $63.70 with upside targets at $81.30 and $86.30.

Powered by TC Labs, TC Market Buzz helps investors read less and know more, solving today’s infobesity problem. With an interactive and modern design, Buzz shows investors which stocks and topics are “buzzing”, delivering a smarter news experience.

Jean-Christophe Rolland

Senior Equity Analyst
Jean-Christophe has a Bachelor of Finance from Paris Dauphine Univeristy and a Masters from ESCP-EAP Business school. Jean-Christophe joined Trading Central in 2004 to provide research and trading ideas on equities for institutional & private banks.
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