(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 2024-11-07 View latest technical analysis
10 day averaged volume of Shopify Inc is 4422000
| Date | Daily Closing Price | Open | High | Low | Volume |
| 07 Thu Nov 2024 | 85.55 | 82.16 | 85.84 | 82.10 | 1.498 times |
| 06 Wed Nov 2024 | 81.92 | 81.55 | 82.12 | 80.13 | 1.169 times |
| 05 Tue Nov 2024 | 79.57 | 78.55 | 80.04 | 78.23 | 1.052 times |
| 04 Mon Nov 2024 | 78.44 | 78.71 | 79.06 | 77.70 | 0.811 times |
| 01 Fri Nov 2024 | 78.99 | 79.05 | 79.89 | 77.94 | 1.4 times |
| 31 Thu Oct 2024 | 78.21 | 79.75 | 80.39 | 77.12 | 1.049 times |
| 30 Wed Oct 2024 | 80.01 | 80.03 | 80.52 | 79.28 | 0.839 times |
| 29 Tue Oct 2024 | 80.39 | 79.39 | 80.80 | 79.21 | 1.16 times |
| 28 Mon Oct 2024 | 79.87 | 79.61 | 80.18 | 79.32 | 0.753 times |
| 25 Fri Oct 2024 | 79.05 | 80.10 | 80.97 | 78.78 | 0.867 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 85.2, for a target of 82.9 or 81.04
Share price targets for Shopify Inc (SHOP)
| Target Type | Value |
| Downside Target | 48.56 |
| Downside Target | 58.04 |
| Downside Target | 65.86 |
| Downside Target | 70.04 |
| Downside Target | 76.83 |
| Downside Target | 81.15 |
| Downside Target | 83.26 |
| Downside Target | 84.20 |
| Downside Target | 84.37 |
| Upside Target | 85.84 |
Intraday share price targets for Shopify Inc (SHOP)
| Target Type | Value |
| Downside Intraday Target | 80.22 |
| Downside Intraday Target | 74.89 |
| Upside Intraday Target | 88.36 |
| Upside Intraday Target | 91.17 |
| Downside Intraday Target | 83.03 |
Weekly technical analysis of Shopify Inc (SHOP)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 07 Thu Nov 2024 | 85.55 | 78.71 | 85.84 | 77.70 | 0.871 times |
| 01 Fri Nov 2024 | 78.99 | 79.61 | 80.80 | 77.12 | 1.013 times |
| 25 Fri Oct 2024 | 79.05 | 82.03 | 83.26 | 78.78 | 1.007 times |
| 18 Fri Oct 2024 | 82.68 | 83.84 | 84.37 | 80.34 | 0.953 times |
| 11 Fri Oct 2024 | 83.24 | 81.85 | 84.20 | 80.30 | 0.925 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 |
| 07 Thu Nov 2024 | 85.55 | 79.05 | 85.84 | 77.70 | 0.245 times |
| 31 Thu Oct 2024 | 78.21 | 80.00 | 84.37 | 77.12 | 0.92 times |
| 30 Mon Sep 2024 | 80.14 | 73.15 | 81.15 | 65.86 | 0.475 times |
| 30 Fri Aug 2024 | 74.07 | 61.60 | 76.83 | 48.56 | 1.4 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Shopify Inc ( (SHOP) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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
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 80.48 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Shopify Inc ( (SHOP) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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
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 80.48 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.