(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 2025-01-15 View latest technical analysis
10 day averaged volume of Shopify Inc is 5683105
| Date | Daily Closing Price | Open | High | Low | Volume |
| 15 Wed Jan 2025 | 104.24 | 104.49 | 104.83 | 102.83 | 1.097 times |
| 14 Tue Jan 2025 | 101.61 | 103.11 | 103.36 | 100.75 | 0.897 times |
| 13 Mon Jan 2025 | 101.76 | 101.00 | 102.14 | 99.05 | 1.422 times |
| 10 Fri Jan 2025 | 103.71 | 103.94 | 104.50 | 99.79 | 1.579 times |
| 08 Wed Jan 2025 | 107.64 | 106.48 | 108.03 | 105.02 | 0.912 times |
| 08 Wed Jan 2025 | 107.64 | 106.48 | 108.03 | 105.02 | 0.912 times |
| 07 Tue Jan 2025 | 106.78 | 114.90 | 115.37 | 106.08 | 1.083 times |
| 06 Mon Jan 2025 | 114.24 | 112.24 | 114.29 | 111.50 | 1.245 times |
| 03 Fri Jan 2025 | 109.25 | 108.87 | 109.69 | 107.54 | 0.519 times |
| 02 Thu Jan 2025 | 107.53 | 107.50 | 108.32 | 104.91 | 0.78 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 104.1 as stoploss in an intra day buy trade for a target of 108.01. However, stock will show a bearish move below 104.1.
Share price targets for Shopify Inc (SHOP)
| Target Type | Value |
| Downside Target | 65.86 |
| Downside Target | 77.12 |
| Downside Target | 81.15 |
| Downside Target | 84.37 |
| Downside Target | 99.05 |
| Upside Target | 104.50 |
| Upside Target | 108.03 |
| Upside Target | 109.69 |
| Upside Target | 110.62 |
| Upside Target | 115.37 |
| Upside Target | 115.62 |
| Upside Target | 120.10 |
Intraday share price targets for Shopify Inc (SHOP)
| Target Type | Value |
| Downside Intraday Target | 100.58 |
| Downside Intraday Target | 96.93 |
| Upside Intraday Target | 106.36 |
| Upside Intraday Target | 108.49 |
| Downside Intraday Target | 102.71 |
Weekly technical analysis of Shopify Inc (SHOP)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 15 Wed Jan 2025 | 104.24 | 101.00 | 104.83 | 99.05 | 1.371 times |
| 10 Fri Jan 2025 | 103.71 | 106.48 | 108.03 | 99.79 | 0.769 times |
| 08 Wed Jan 2025 | 107.64 | 112.24 | 115.37 | 105.02 | 1.22 times |
| 03 Fri Jan 2025 | 109.25 | 105.07 | 109.69 | 104.54 | 1.307 times |
| 27 Fri Dec 2024 | 108.18 | 108.53 | 110.62 | 106.52 | 0.298 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 |
| 15 Wed Jan 2025 | 104.24 | 107.50 | 115.37 | 99.05 | 0.689 times |
| 31 Tue Dec 2024 | 106.33 | 118.59 | 120.10 | 104.50 | 0.376 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 |
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 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 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 losing 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 buy signal for Shopify Inc in short term but BUY signal is weak.
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 106.14 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 negative.
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 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 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 losing 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 buy signal for Shopify Inc in short term but BUY signal is weak.
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 106.14 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.