(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 2024-08-28 View latest technical analysis
10 day averaged volume of Shopify Inc is 6430777
| Date | Daily Closing Price | Open | High | Low | Volume |
| 28 Wed Aug 2024 | 72.53 | 74.23 | 74.37 | 71.76 | 0.863 times |
| 27 Tue Aug 2024 | 74.53 | 74.47 | 74.87 | 72.86 | 0.683 times |
| 26 Mon Aug 2024 | 74.95 | 76.11 | 76.83 | 74.92 | 0.629 times |
| 23 Fri Aug 2024 | 76.14 | 75.00 | 76.44 | 74.69 | 0.837 times |
| 22 Thu Aug 2024 | 74.30 | 76.04 | 76.30 | 74.23 | 0.742 times |
| 21 Wed Aug 2024 | 76.14 | 75.00 | 76.20 | 74.87 | 0.896 times |
| 20 Tue Aug 2024 | 74.87 | 75.00 | 75.68 | 74.16 | 1.32 times |
| 19 Mon Aug 2024 | 75.16 | 74.55 | 75.17 | 73.92 | 0.962 times |
| 16 Fri Aug 2024 | 74.55 | 74.33 | 75.36 | 74.11 | 0.84 times |
| 15 Thu Aug 2024 | 74.85 | 73.02 | 74.91 | 73.01 | 1.687 times |
My analysis of stock is bullish for shortterm, and stock might move up till 76.7 or till 86. Use a stoploss of 68.93 and if this stock hits its stoploss, then it can fall down till 61.16
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 | 71.76 |
| Upside Target | 73.92 |
| 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 | 70.58 |
| Downside Intraday Target | 68.64 |
| Upside Intraday Target | 75.65 |
| Upside Intraday Target | 78.78 |
| Upside Intraday Target | 73.71 |
Weekly technical analysis of Shopify Inc (SHOP)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 28 Wed Aug 2024 | 72.53 | 76.11 | 76.83 | 71.76 | 0.457 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 |
| 28 Wed Aug 2024 | 72.53 | 61.60 | 76.83 | 48.56 | 1.345 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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 but buying is losing momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 74.82 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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 but buying is losing momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 74.82 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.