(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 2024-11-14 View latest technical analysis
10 day averaged volume of Shopify Inc is 14289780
| Date | Daily Closing Price | Open | High | Low | Volume |
| 14 Thu Nov 2024 | 109.08 | 115.29 | 115.29 | 109.00 | 0.92 times |
| 13 Wed Nov 2024 | 115.09 | 107.50 | 115.62 | 106.18 | 1.445 times |
| 12 Tue Nov 2024 | 108.92 | 107.52 | 114.51 | 106.00 | 4.475 times |
| 11 Mon Nov 2024 | 89.99 | 88.95 | 92.16 | 88.71 | 1.401 times |
| 08 Fri Nov 2024 | 87.12 | 85.60 | 87.26 | 85.25 | 0.521 times |
| 07 Thu Nov 2024 | 85.55 | 82.16 | 85.84 | 82.10 | 0.464 times |
| 06 Wed Nov 2024 | 81.92 | 81.55 | 82.12 | 80.13 | 0.362 times |
| 05 Tue Nov 2024 | 79.57 | 78.55 | 80.04 | 78.23 | 0.326 times |
| 04 Mon Nov 2024 | 78.44 | 78.71 | 79.06 | 77.70 | 0.251 times |
| 01 Fri Nov 2024 | 78.99 | 79.05 | 79.89 | 77.94 | 0.433 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 110.1, for a target of 96.9 or 85.93
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 | 83.26 |
| Downside Target | 84.37 |
| Downside Target | 87.26 |
| Downside Target | 88.71 |
| Upside Target | 115.62 |
Intraday share price targets for Shopify Inc (SHOP)
| Target Type | Value |
| Downside Intraday Target | 93.32 |
| Downside Intraday Target | 77.56 |
| Upside Intraday Target | 120.23 |
| Upside Intraday Target | 131.38 |
| Downside Intraday Target | 104.47 |
Weekly technical analysis of Shopify Inc (SHOP)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 14 Thu Nov 2024 | 109.08 | 88.95 | 115.62 | 88.71 | 4.287 times |
| 08 Fri Nov 2024 | 87.12 | 78.71 | 87.26 | 77.70 | 1.194 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 |
Price has moved up 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 |
| 14 Thu Nov 2024 | 109.08 | 79.05 | 115.62 | 77.70 | 1.417 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 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 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 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 losing 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 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 but SELL signal is weak.
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 101.41 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 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 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 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 losing 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 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 but SELL signal is weak.
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 101.41 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.