(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 2024-09-10 View latest technical analysis
10 day averaged volume of Shopify Inc is 4496110
| Date | Daily Closing Price | Open | High | Low | Volume |
| 10 Tue Sep 2024 | 68.17 | 68.79 | 68.90 | 66.95 | 1.008 times |
| 09 Mon Sep 2024 | 68.13 | 68.48 | 69.49 | 67.14 | 0.956 times |
| 06 Fri Sep 2024 | 67.01 | 70.38 | 70.56 | 65.86 | 1.641 times |
| 05 Thu Sep 2024 | 70.11 | 70.00 | 70.93 | 69.31 | 0.733 times |
| 04 Wed Sep 2024 | 70.22 | 70.86 | 71.75 | 69.62 | 1.026 times |
| 03 Tue Sep 2024 | 71.26 | 73.15 | 73.22 | 70.82 | 1.284 times |
| 30 Fri Aug 2024 | 74.07 | 73.55 | 74.33 | 73.12 | 0.672 times |
| 30 Fri Aug 2024 | 74.07 | 73.55 | 74.33 | 73.12 | 0.672 times |
| 29 Thu Aug 2024 | 73.27 | 72.90 | 74.34 | 72.87 | 0.805 times |
| 28 Wed Aug 2024 | 72.53 | 74.23 | 74.37 | 71.76 | 1.235 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 70.1, but if it comes above 70.1, then a intra day buy could be more profitable.
If you take a sell trade below 70.1, then use 70.1 as stoploss and 66.8 as target. However if you take a buy trade in stock , then use 70.1 as stoploss and 72.8 as target.
Share price targets for Shopify Inc (SHOP)
| Target Type | Value |
| Downside Target | 48.56 |
| Downside Target | 56.31 |
| Downside Target | 58.04 |
| Downside Target | 65.86 |
| Upside Target | 71.76 |
| Upside Target | 73.22 |
| Upside Target | 73.92 |
| Upside Target | 74.33 |
| 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 | 66.92 |
| Downside Intraday Target | 65.66 |
| Upside Intraday Target | 69.46 |
| Upside Intraday Target | 70.74 |
| Upside Intraday Target | 68.2 |
Weekly technical analysis of Shopify Inc (SHOP)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 10 Tue Sep 2024 | 68.17 | 68.48 | 69.49 | 66.95 | 0.419 times |
| 06 Fri Sep 2024 | 67.01 | 73.15 | 73.22 | 65.86 | 6.976 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 |
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 |
| 10 Tue Sep 2024 | 68.17 | 73.15 | 73.22 | 65.86 | 0.122 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 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 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 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Shopify Inc stock for short term is SELL. Signal strength is Strong 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up
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
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 70.46 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 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 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 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Shopify Inc stock for short term is SELL. Signal strength is Strong 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up
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
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 70.46 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.