(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 2024-08-07 View latest technical analysis
10 day averaged volume of Shopify Inc is 10321164
| Date | Daily Closing Price | Open | High | Low | Volume |
| 07 Wed Aug 2024 | 63.89 | 64.50 | 67.78 | 63.55 | 4.804 times |
| 06 Tue Aug 2024 | 54.22 | 53.14 | 54.89 | 52.34 | 1.775 times |
| 05 Mon Aug 2024 | 52.26 | 48.59 | 53.36 | 48.56 | 1.601 times |
| 02 Fri Aug 2024 | 54.43 | 54.61 | 55.18 | 52.55 | 1.779 times |
| 01 Thu Aug 2024 | 58.17 | 61.60 | 62.00 | 57.25 | 0.93 times |
| 31 Wed Jul 2024 | 61.20 | 60.32 | 61.88 | 60.13 | 0.806 times |
| 30 Tue Jul 2024 | 59.20 | 59.83 | 61.02 | 58.93 | 0.646 times |
| 29 Mon Jul 2024 | 59.87 | 60.15 | 60.57 | 59.52 | 0.487 times |
| 26 Fri Jul 2024 | 59.94 | 61.42 | 61.52 | 59.81 | 0.509 times |
| 25 Thu Jul 2024 | 59.44 | 59.27 | 60.98 | 58.04 | 0.666 times |
Stock of Shopify Inc (SHOP) has showed a significant upmove. This could be a good time to enter in this stock!
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 65.3 as stoploss in an intra day sell trade for a target of 61.12. However, stock will show a bullish move above 65.3.
Share price targets for Shopify Inc (SHOP)
| Target Type | Value |
| Downside Target | 48.56 |
| Downside Target | 52.55 |
| Downside Target | 56.31 |
| Downside Target | 58.04 |
| Downside Target | 62.00 |
| Downside Target | 63.78 |
| Upside Target | 67.78 |
| 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 | 52.37 |
| Downside Intraday Target | 40.86 |
| Upside Intraday Target | 71.59 |
| Upside Intraday Target | 79.3 |
| Downside Intraday Target | 60.08 |
Weekly technical analysis of Shopify Inc (SHOP)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 07 Wed Aug 2024 | 63.89 | 48.59 | 67.78 | 48.56 | 1.76 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 up this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Shopify Inc (SHOP)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 07 Wed Aug 2024 | 63.89 | 61.60 | 67.78 | 48.56 | 0.644 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 up 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Shopify Inc in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Shopify Inc Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Shopify Inc in short term and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Shopify Inc is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 58.89 and Shopify Inc (SHOP) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
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 is giving positive 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Shopify Inc in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Shopify Inc Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Shopify Inc in short term and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Shopify Inc is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 58.89 and Shopify Inc (SHOP) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
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 is giving positive 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.