(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 2024-12-27 View latest technical analysis
10 day averaged volume of Shopify Inc is 5695772
| Date | Daily Closing Price | Open | High | Low | Volume |
| 27 Fri Dec 2024 | 108.18 | 109.44 | 109.80 | 106.52 | 0.696 times |
| 26 Thu Dec 2024 | 109.96 | 109.78 | 110.62 | 108.89 | 0.357 times |
| 24 Tue Dec 2024 | 110.18 | 109.63 | 110.36 | 108.51 | 0.324 times |
| 23 Mon Dec 2024 | 109.25 | 108.53 | 110.08 | 107.47 | 0.65 times |
| 20 Fri Dec 2024 | 108.95 | 105.30 | 109.96 | 104.50 | 1.138 times |
| 19 Thu Dec 2024 | 107.07 | 111.30 | 111.44 | 105.71 | 1.844 times |
| 18 Wed Dec 2024 | 109.70 | 118.81 | 120.10 | 109.51 | 1.519 times |
| 17 Tue Dec 2024 | 119.49 | 115.14 | 119.85 | 115.04 | 1.409 times |
| 16 Mon Dec 2024 | 115.94 | 115.72 | 117.00 | 114.69 | 0.899 times |
| 13 Fri Dec 2024 | 114.63 | 115.52 | 116.50 | 113.44 | 0.806 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 107.4 as stoploss in an intra day buy trade for a target of 111.37. However, stock will show a bearish move below 107.4.
Share price targets for Shopify Inc (SHOP)
| Target Type | Value |
| Downside Target | 48.56 |
| Downside Target | 65.86 |
| Downside Target | 76.83 |
| Downside Target | 81.15 |
| Downside Target | 84.37 |
| Downside Target | 104.50 |
| Upside Target | 112.68 |
| Upside Target | 113.90 |
| Upside Target | 115.62 |
| Upside Target | 118.94 |
| Upside Target | 120.10 |
Intraday share price targets for Shopify Inc (SHOP)
| Target Type | Value |
| Downside Intraday Target | 106.26 |
| Downside Intraday Target | 104.34 |
| Upside Intraday Target | 110.36 |
| Upside Intraday Target | 112.54 |
| Upside Intraday Target | 108.44 |
Weekly technical analysis of Shopify Inc (SHOP)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 27 Fri Dec 2024 | 108.18 | 108.53 | 110.62 | 106.52 | 0.298 times |
| 20 Fri Dec 2024 | 108.95 | 115.72 | 120.10 | 104.50 | 1.378 times |
| 13 Fri Dec 2024 | 114.63 | 118.59 | 118.94 | 112.68 | 3.507 times |
| 26 Tue Nov 2024 | 112.08 | 109.70 | 113.90 | 109.08 | 0.442 times |
| 26 Tue Nov 2024 | 112.08 | 109.30 | 113.90 | 108.63 | 0.442 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 |
| 27 Fri Dec 2024 | 108.18 | 118.59 | 120.10 | 104.50 | 0.342 times |
| 26 Tue Nov 2024 | 112.08 | 79.05 | 115.62 | 77.70 | 2.146 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 |
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 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 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 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 and the buying is gaining 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 111.42 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 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 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 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 and the buying is gaining 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 111.42 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.