(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 2025-02-05 View latest technical analysis
10 day averaged volume of Shopify Inc is 7227730
| Date | Daily Closing Price | Open | High | Low | Volume |
| 05 Wed Feb 2025 | 121.73 | 119.27 | 121.91 | 118.55 | 0.838 times |
| 04 Tue Feb 2025 | 119.20 | 116.30 | 120.48 | 116.13 | 1.019 times |
| 03 Mon Feb 2025 | 114.39 | 111.87 | 115.79 | 110.55 | 1.186 times |
| 31 Fri Jan 2025 | 116.80 | 119.61 | 122.00 | 116.54 | 1.073 times |
| 30 Thu Jan 2025 | 119.18 | 116.59 | 119.83 | 115.80 | 0.87 times |
| 29 Wed Jan 2025 | 116.59 | 116.70 | 118.40 | 114.77 | 1.282 times |
| 28 Tue Jan 2025 | 117.45 | 109.00 | 117.94 | 109.00 | 1.932 times |
| 27 Mon Jan 2025 | 107.38 | 104.45 | 108.39 | 102.52 | 0.738 times |
| 24 Fri Jan 2025 | 107.68 | 106.45 | 109.39 | 106.16 | 0.823 times |
| 23 Thu Jan 2025 | 106.10 | 106.06 | 106.48 | 105.04 | 0.603 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 123.9, for a target of 116 or 109.42
Share price targets for Shopify Inc (SHOP)
| Target Type | Value |
| Downside Target | 77.12 |
| Downside Target | 84.37 |
| Downside Target | 99.05 |
| Downside Target | 102.52 |
| Downside Target | 109.39 |
| Downside Target | 110.55 |
| Downside Target | 115.62 |
| Downside Target | 120.10 |
| Upside Target | 121.91 |
| Upside Target | 122.00 |
Intraday share price targets for Shopify Inc (SHOP)
| Target Type | Value |
| Downside Intraday Target | 114.22 |
| Downside Intraday Target | 106.7 |
| Upside Intraday Target | 125.58 |
| Upside Intraday Target | 129.42 |
| Downside Intraday Target | 118.06 |
Weekly technical analysis of Shopify Inc (SHOP)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 05 Wed Feb 2025 | 121.73 | 111.87 | 121.91 | 110.55 | 0.516 times |
| 31 Fri Jan 2025 | 116.80 | 104.45 | 122.00 | 102.52 | 2.266 times |
| 24 Fri Jan 2025 | 107.68 | 104.14 | 109.39 | 103.80 | 3.368 times |
| 17 Fri Jan 2025 | 103.35 | 105.50 | 105.80 | 103.04 | 0.192 times |
| 17 Fri Jan 2025 | 103.35 | 101.00 | 105.80 | 99.05 | 2.056 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 |
| 05 Wed Feb 2025 | 121.73 | 111.87 | 121.91 | 110.55 | 0.162 times |
| 31 Fri Jan 2025 | 116.80 | 107.50 | 122.00 | 99.05 | 1.578 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 |
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 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 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 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 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 115.44 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 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 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 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 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 115.44 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.