(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 2024-11-18 View latest technical analysis
10 day averaged volume of Shopify Inc is 15598300
| Date | Daily Closing Price | Open | High | Low | Volume |
| 18 Mon Nov 2024 | 105.88 | 108.90 | 109.11 | 105.76 | 0.429 times |
| 15 Fri Nov 2024 | 108.49 | 107.10 | 108.79 | 105.25 | 0.69 times |
| 14 Thu Nov 2024 | 109.08 | 115.29 | 115.29 | 109.00 | 0.843 times |
| 13 Wed Nov 2024 | 115.09 | 107.50 | 115.62 | 106.18 | 1.323 times |
| 12 Tue Nov 2024 | 108.92 | 107.52 | 114.51 | 106.00 | 4.1 times |
| 11 Mon Nov 2024 | 89.99 | 88.95 | 92.16 | 88.71 | 1.283 times |
| 08 Fri Nov 2024 | 87.12 | 85.60 | 87.26 | 85.25 | 0.477 times |
| 07 Thu Nov 2024 | 85.55 | 82.16 | 85.84 | 82.10 | 0.425 times |
| 06 Wed Nov 2024 | 81.92 | 81.55 | 82.12 | 80.13 | 0.331 times |
| 05 Tue Nov 2024 | 79.57 | 78.55 | 80.04 | 78.23 | 0.298 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 101, but if it comes below 101, then a intra day sell could be more profitable.
If you take a sell trade below 101, then use 101 as stoploss and 88.38 as target. However if you take a buy trade in stock , then use 101 as stoploss and 116.1 as target.
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 | 80.80 |
| Downside Target | 83.26 |
| Downside Target | 87.26 |
| Downside Target | 88.71 |
| Downside Target | 105.76 |
| Upside Target | 109.11 |
| Upside Target | 115.62 |
Intraday share price targets for Shopify Inc (SHOP)
| Target Type | Value |
| Downside Intraday Target | 104.72 |
| Downside Intraday Target | 103.57 |
| Upside Intraday Target | 108.07 |
| Upside Intraday Target | 110.27 |
| Upside Intraday Target | 106.92 |
Weekly technical analysis of Shopify Inc (SHOP)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 18 Mon Nov 2024 | 105.88 | 108.90 | 109.11 | 105.76 | 0.052 times |
| 15 Fri Nov 2024 | 108.49 | 88.95 | 115.62 | 88.71 | 4.679 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 |
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 |
| 18 Mon Nov 2024 | 105.88 | 79.05 | 115.62 | 77.70 | 1.58 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, and volume has increased substantially. This means that the move can 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 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 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 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 negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 103.47 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 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 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 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 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 negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 103.47 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.