(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 2024-08-08 View latest technical analysis
10 day averaged volume of Shopify Inc is 14453767
| Date | Daily Closing Price | Open | High | Low | Volume |
| 08 Thu Aug 2024 | 68.55 | 64.24 | 68.78 | 63.91 | 1.376 times |
| 07 Wed Aug 2024 | 63.89 | 64.50 | 67.78 | 63.55 | 3.43 times |
| 06 Tue Aug 2024 | 54.22 | 53.14 | 54.89 | 52.34 | 1.268 times |
| 05 Mon Aug 2024 | 52.26 | 48.59 | 53.36 | 48.56 | 1.143 times |
| 02 Fri Aug 2024 | 54.43 | 54.61 | 55.18 | 52.55 | 1.27 times |
| 01 Thu Aug 2024 | 58.17 | 61.60 | 62.00 | 57.25 | 0.664 times |
| 31 Wed Jul 2024 | 61.20 | 60.32 | 61.88 | 60.13 | 0.576 times |
| 30 Tue Jul 2024 | 59.20 | 59.83 | 61.02 | 58.93 | 0.461 times |
| 29 Mon Jul 2024 | 59.87 | 60.15 | 60.57 | 59.52 | 0.348 times |
| 26 Fri Jul 2024 | 59.94 | 61.42 | 61.52 | 59.81 | 0.364 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 65.6, but if it comes below 65.6, then a intra day sell could be more profitable.
If you take a sell trade below 65.6, then use 65.6 as stoploss and 61.28 as target. However if you take a buy trade in stock , then use 65.6 as stoploss and 70.9 as target.
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 |
| Downside Target | 67.79 |
| Upside Target | 68.78 |
| 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 | 55.15 |
| Downside Intraday Target | 41.74 |
| Upside Intraday Target | 75.37 |
| Upside Intraday Target | 82.18 |
| Downside Intraday Target | 61.96 |
Weekly technical analysis of Shopify Inc (SHOP)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 08 Thu Aug 2024 | 68.55 | 48.59 | 68.78 | 48.56 | 2.174 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 |
| 08 Thu Aug 2024 | 68.55 | 61.60 | 68.78 | 48.56 | 0.758 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 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 gaining momentum.
MACD generated a BUY signal for Shopify Inc in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Shopify Inc Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
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 60.08 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 positive
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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 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 gaining momentum.
MACD generated a BUY signal for Shopify Inc in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Shopify Inc Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
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 60.08 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.