(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 2024-08-15 View latest technical analysis
10 day averaged volume of Shopify Inc is 17392110
| Date | Daily Closing Price | Open | High | Low | Volume |
| 15 Thu Aug 2024 | 74.85 | 73.02 | 74.91 | 73.01 | 0.624 times |
| 14 Wed Aug 2024 | 71.59 | 70.34 | 71.76 | 69.94 | 0.519 times |
| 13 Tue Aug 2024 | 69.90 | 68.84 | 70.07 | 68.68 | 0.606 times |
| 12 Mon Aug 2024 | 68.31 | 69.09 | 70.73 | 68.05 | 0.64 times |
| 09 Fri Aug 2024 | 69.30 | 68.16 | 69.33 | 67.42 | 0.629 times |
| 08 Thu Aug 2024 | 68.55 | 64.24 | 68.78 | 63.91 | 1.144 times |
| 07 Wed Aug 2024 | 63.89 | 64.50 | 67.78 | 63.55 | 2.851 times |
| 06 Tue Aug 2024 | 54.22 | 53.14 | 54.89 | 52.34 | 1.054 times |
| 05 Mon Aug 2024 | 52.26 | 48.59 | 53.36 | 48.56 | 0.95 times |
| 02 Fri Aug 2024 | 54.43 | 54.61 | 55.18 | 52.55 | 1.056 times |
Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 75.8, for a target of 68.6 or 62.65
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 | 68.02 |
| Downside Target | 70.04 |
| Upside Target | 74.91 |
| Upside Target | 77.83 |
| Upside Target | 79.29 |
Intraday share price targets for Shopify Inc (SHOP)
| Target Type | Value |
| Downside Intraday Target | 70.3 |
| Downside Intraday Target | 65.74 |
| Upside Intraday Target | 77.16 |
| Upside Intraday Target | 79.46 |
| Downside Intraday Target | 72.6 |
Weekly technical analysis of Shopify Inc (SHOP)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 15 Thu Aug 2024 | 74.85 | 69.09 | 74.91 | 68.05 | 0.361 times |
| 09 Fri Aug 2024 | 69.30 | 48.59 | 69.33 | 48.56 | 2.402 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 |
Price has moved up 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 |
| 15 Thu Aug 2024 | 74.85 | 61.60 | 74.91 | 48.56 | 1.059 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 definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Shopify Inc ( (SHOP) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Shopify Inc ( (SHOP) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Shopify Inc ( (SHOP) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Shopify Inc stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Shopify Inc in short term and the buy signal is strong.
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 green color and prices are above the green 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
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 63.38 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 definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Shopify Inc ( (SHOP) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Shopify Inc ( (SHOP) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Shopify Inc ( (SHOP) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Shopify Inc stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Shopify Inc in short term and the buy signal is strong.
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 green color and prices are above the green 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
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 63.38 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.