(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 2024-08-27 View latest technical analysis
10 day averaged volume of Shopify Inc is 7046357
| Date | Daily Closing Price | Open | High | Low | Volume |
| 27 Tue Aug 2024 | 74.53 | 74.47 | 74.87 | 72.86 | 0.623 times |
| 26 Mon Aug 2024 | 74.95 | 76.11 | 76.83 | 74.92 | 0.574 times |
| 23 Fri Aug 2024 | 76.14 | 75.00 | 76.44 | 74.69 | 0.764 times |
| 22 Thu Aug 2024 | 74.30 | 76.04 | 76.30 | 74.23 | 0.677 times |
| 21 Wed Aug 2024 | 76.14 | 75.00 | 76.20 | 74.87 | 0.818 times |
| 20 Tue Aug 2024 | 74.87 | 75.00 | 75.68 | 74.16 | 1.205 times |
| 19 Mon Aug 2024 | 75.16 | 74.55 | 75.17 | 73.92 | 0.878 times |
| 16 Fri Aug 2024 | 74.55 | 74.33 | 75.36 | 74.11 | 0.767 times |
| 15 Thu Aug 2024 | 74.85 | 73.02 | 74.91 | 73.01 | 1.54 times |
| 14 Wed Aug 2024 | 71.59 | 70.34 | 71.76 | 69.94 | 1.282 times |
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 76.3 as stoploss in an intra day sell trade for a target of 68.37. However, stock will show a bullish move above 76.3.
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 | 68.02 |
| Downside Target | 72.86 |
| Upside Target | 75.36 |
| Upside Target | 76.44 |
| Upside Target | 76.83 |
| Upside Target | 77.83 |
| Upside Target | 79.29 |
Intraday share price targets for Shopify Inc (SHOP)
| Target Type | Value |
| Downside Intraday Target | 72.65 |
| Downside Intraday Target | 70.77 |
| Upside Intraday Target | 76.62 |
| Upside Intraday Target | 78.71 |
| Upside Intraday Target | 74.74 |
Weekly technical analysis of Shopify Inc (SHOP)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 27 Tue Aug 2024 | 74.53 | 76.11 | 76.83 | 72.86 | 0.276 times |
| 23 Fri Aug 2024 | 76.14 | 74.55 | 76.44 | 73.92 | 0.651 times |
| 16 Fri Aug 2024 | 74.55 | 69.09 | 75.36 | 68.05 | 0.407 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 |
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 |
| 27 Tue Aug 2024 | 74.53 | 61.60 | 76.83 | 48.56 | 1.313 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Shopify Inc ( (SHOP) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 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 BUY signal for Shopify Inc in short term and the buy signal is strong.
Shopify Inc Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are above the green 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 BUY signal in short term and the buying is gaining momentum.
MRSI is in positive zone. This is a BUY 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 74.57 and Shopify Inc (SHOP) stock is trading below this level. This means that stock is falling with high volumes. 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Shopify Inc ( (SHOP) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 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 BUY signal for Shopify Inc in short term and the buy signal is strong.
Shopify Inc Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are above the green 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 BUY signal in short term and the buying is gaining momentum.
MRSI is in positive zone. This is a BUY 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 74.57 and Shopify Inc (SHOP) stock is trading below this level. This means that stock is falling with high volumes. 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.