(SHOP) Shopify Inc complete technical analysis [charts+indicators] | Buy/Sell Shopify Inc | (SHOP) share price targets
Complete technical analysis of Shopify Inc (SHOP) by charts plus indicators, forecast predictions and share price targets for Shopify Inc (SHOP)
Shopify Inc trades in USA in Technology sector.
Showing technical analysis as on 2024-08-05 View latest technical analysis
10 day averaged volume of Shopify Inc is 8289897
| Date | Daily Closing Price | Open | High | Low | Volume |
| 05 Mon Aug 2024 | 52.26 | 48.59 | 53.36 | 48.56 | 1.993 times |
| 02 Fri Aug 2024 | 54.43 | 54.61 | 55.18 | 52.55 | 2.214 times |
| 01 Thu Aug 2024 | 58.17 | 61.60 | 62.00 | 57.25 | 1.158 times |
| 31 Wed Jul 2024 | 61.20 | 60.32 | 61.88 | 60.13 | 1.004 times |
| 30 Tue Jul 2024 | 59.20 | 59.83 | 61.02 | 58.93 | 0.805 times |
| 29 Mon Jul 2024 | 59.87 | 60.15 | 60.57 | 59.52 | 0.607 times |
| 26 Fri Jul 2024 | 59.94 | 61.42 | 61.52 | 59.81 | 0.634 times |
| 25 Thu Jul 2024 | 59.44 | 59.27 | 60.98 | 58.04 | 0.829 times |
| 24 Wed Jul 2024 | 59.27 | 62.10 | 62.52 | 59.16 | 0.996 times |
| 23 Tue Jul 2024 | 62.66 | 63.00 | 63.64 | 62.65 | 0.651 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 53, for a target of 57.8 or 61.8
Share price targets for Shopify Inc (SHOP)
| Target Type | Value |
| Downside Target | 48.56 |
| Upside Target | 52.55 |
| Upside Target | 56.31 |
| Upside Target | 58.04 |
| Upside Target | 62.00 |
| Upside Target | 63.78 |
| Upside Target | 67.79 |
| Upside Target | 68.02 |
| Upside Target | 68.21 |
| Upside Target | 70.04 |
| Upside Target | 77.83 |
| Upside Target | 79.29 |
Intraday share price targets for Shopify Inc (SHOP)
| Target Type | Value |
| Downside Intraday Target | 49.43 |
| Downside Intraday Target | 46.59 |
| Upside Intraday Target | 54.23 |
| Upside Intraday Target | 56.19 |
| Downside Intraday Target | 51.39 |
Weekly technical analysis of Shopify Inc (SHOP)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 05 Mon Aug 2024 | 52.26 | 48.59 | 53.36 | 48.56 | 0.344 times |
| 02 Fri Aug 2024 | 54.43 | 60.15 | 62.00 | 52.55 | 1.374 times |
| 26 Fri Jul 2024 | 59.94 | 63.46 | 63.78 | 58.04 | 0.614 times |
| 19 Fri Jul 2024 | 63.16 | 65.03 | 70.04 | 62.45 | 1.708 times |
| 12 Fri Jul 2024 | 64.89 | 67.53 | 67.79 | 64.61 | 3.208 times |
Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Shopify Inc (SHOP)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 05 Mon Aug 2024 | 52.26 | 61.60 | 62.00 | 48.56 | 0.255 times |
| 31 Wed Jul 2024 | 61.20 | 65.96 | 70.04 | 58.04 | 0.882 times |
| 28 Fri Jun 2024 | 66.05 | 59.41 | 68.21 | 58.38 | 0.623 times |
| 31 Fri May 2024 | 59.15 | 70.21 | 77.83 | 56.31 | 1.799 times |
Scroll below to view daily charts
Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Shopify Inc (SHOP)
Price action analysis of Shopify Inc ( (SHOP) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Shopify Inc ( (SHOP) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Shopify Inc ( (SHOP) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Shopify Inc ( (SHOP) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Shopify Inc stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Shopify Inc in short term and the sell signal is strong.
Shopify Inc Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Shopify Inc in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Shopify Inc is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 57.35 and Shopify Inc (SHOP) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Shopify Inc (SHOP) stock. Volume based technical analysis of Shopify Inc (SHOP) stock is negative.
Shopify Inc Stock has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of Shopify Inc ( (SHOP) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Shopify Inc ( (SHOP) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Shopify Inc ( (SHOP) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Shopify Inc ( (SHOP) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Shopify Inc stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Shopify Inc in short term and the sell signal is strong.
Shopify Inc Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Shopify Inc in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Shopify Inc is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 57.35 and Shopify Inc (SHOP) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Shopify Inc (SHOP) stock. Volume based technical analysis of Shopify Inc (SHOP) stock is negative.
Shopify Inc Stock has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.