(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 2024-09-03 View latest technical analysis
10 day averaged volume of Shopify Inc is 4804790
| Date | Daily Closing Price | Open | High | Low | Volume |
| 03 Tue Sep 2024 | 71.26 | 73.15 | 73.22 | 70.82 | 1.202 times |
| 30 Fri Aug 2024 | 74.07 | 73.55 | 74.33 | 73.12 | 0.628 times |
| 30 Fri Aug 2024 | 74.07 | 73.55 | 74.33 | 73.12 | 0.628 times |
| 29 Thu Aug 2024 | 73.27 | 72.90 | 74.34 | 72.87 | 0.753 times |
| 28 Wed Aug 2024 | 72.53 | 74.23 | 74.37 | 71.76 | 1.155 times |
| 27 Tue Aug 2024 | 74.53 | 74.47 | 74.87 | 72.86 | 0.914 times |
| 26 Mon Aug 2024 | 74.95 | 76.11 | 76.83 | 74.92 | 0.842 times |
| 23 Fri Aug 2024 | 76.14 | 75.00 | 76.44 | 74.69 | 1.12 times |
| 22 Thu Aug 2024 | 74.30 | 76.04 | 76.30 | 74.23 | 0.993 times |
| 21 Wed Aug 2024 | 76.14 | 75.00 | 76.20 | 74.87 | 1.199 times |
My analysis of stock is bearish for shortterm, and stock might move down till 69.5 or till 65.8. Use a stoploss of 72.61 and if the stock hits stoploss, then it can shoot up till 75.73
Share price targets for Shopify Inc (SHOP)
| Target Type | Value |
| Downside Target | 48.56 |
| Downside Target | 56.31 |
| Downside Target | 58.04 |
| Downside Target | 68.05 |
| Downside Target | 70.04 |
| Upside Target | 73.92 |
| Upside Target | 74.33 |
| Upside Target | 75.36 |
| Upside Target | 76.44 |
| Upside Target | 76.83 |
| Upside Target | 77.83 |
Intraday share price targets for Shopify Inc (SHOP)
| Target Type | Value |
| Downside Intraday Target | 70.31 |
| Downside Intraday Target | 69.37 |
| Upside Intraday Target | 72.71 |
| Upside Intraday Target | 74.17 |
| Upside Intraday Target | 71.77 |
Weekly technical analysis of Shopify Inc (SHOP)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 03 Tue Sep 2024 | 71.26 | 73.15 | 73.22 | 70.82 | 1.912 times |
| 30 Fri Aug 2024 | 74.07 | 73.55 | 74.33 | 73.12 | 0.146 times |
| 30 Fri Aug 2024 | 74.07 | 76.11 | 76.83 | 71.76 | 0.674 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 |
Price has moved down 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 |
| 03 Tue Sep 2024 | 71.26 | 73.15 | 73.22 | 70.82 | 0.024 times |
| 30 Fri Aug 2024 | 74.07 | 61.60 | 76.83 | 48.56 | 1.4 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 |
Scroll below to view daily charts
Price has moved down 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 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 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 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 SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Shopify Inc in short term but the sell signal is initial and weak.
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 getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below 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 74.12 and Shopify Inc (SHOP) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
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 has given negative 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 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 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 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 SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Shopify Inc in short term but the sell signal is initial and weak.
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 getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below 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 74.12 and Shopify Inc (SHOP) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
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 has given negative 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.