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(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.

10 day averaged volume of Shopify Inc is 7477930

Date Daily Closing Price Open High Low Volume
18 Mon Mar 2024 77.52 78.00 78.00 76.26 0.728 times
15 Fri Mar 2024 77.15 78.23 79.07 76.76 0.779 times
14 Thu Mar 2024 78.42 78.53 79.80 77.36 0.969 times
13 Wed Mar 2024 78.68 76.19 79.40 76.10 1.468 times
12 Tue Mar 2024 76.36 75.95 76.69 74.58 0.758 times
11 Mon Mar 2024 74.97 75.60 76.29 74.44 0.694 times
08 Fri Mar 2024 76.16 76.08 79.58 76.08 1.397 times
07 Thu Mar 2024 75.33 74.26 75.96 73.20 1.015 times
06 Wed Mar 2024 74.01 74.18 74.85 72.92 0.77 times
05 Tue Mar 2024 73.47 74.80 74.93 72.64 1.162 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 77.7 as stoploss in an intra day sell trade for a target of 76.3. However, stock will show a bullish move above 77.7.

Share price targets for Shopify Inc (SHOP)

Target Type Value
Downside Target 47.16
Downside Target 70.04
Downside Target 72.64
Upside Target 78.00
Upside Target 78.66
Upside Target 79.58
Upside Target 79.80
Upside Target 79.99
Upside Target 80.58
Upside Target 83.58
Upside Target 91.57

Intraday share price targets for Shopify Inc (SHOP)

Target Type Value
Downside Intraday Target 76.52
Downside Intraday Target 75.52
Upside Intraday Target 78.26
Upside Intraday Target 79
Downside Intraday Target 77.26

Weekly technical analysis of Shopify Inc (SHOP)

Date Weekly Closing Price Open High Low Volume
18 Mon Mar 2024 77.52 78.00 78.00 76.26 0.156 times
15 Fri Mar 2024 77.15 75.60 79.80 74.44 0.875 times
08 Fri Mar 2024 76.16 76.47 79.58 72.64 1.105 times
01 Fri Mar 2024 76.59 76.31 78.66 74.73 0.85 times
23 Fri Feb 2024 76.24 79.95 80.58 73.85 0.406 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
18 Mon Mar 2024 77.52 77.11 79.80 72.64 0.33 times
29 Thu Feb 2024 76.37 79.37 91.57 73.85 1.291 times
31 Wed Jan 2024 80.07 76.44 83.58 70.62 1.059 times
29 Fri Dec 2023 77.90 72.50 79.99 70.04 0.684 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 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 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 Weak and stock is losing momentum.

MACD generated a BUY signal for Shopify Inc in short term but the buy signal is initial and weak.

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 red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Shopify Inc in short term but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 76.3 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 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 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 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 Weak and stock is losing momentum.

MACD generated a BUY signal for Shopify Inc in short term but the buy signal is initial and weak.

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 red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Shopify Inc in short term but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 76.3 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Daily charts

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Daily chart
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