(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 6482220
| Date | Daily Closing Price | Open | High | Low | Volume |
| 31 Fri Jan 2025 | 116.80 | 119.61 | 122.00 | 116.54 | 1.197 times |
| 30 Thu Jan 2025 | 119.18 | 116.59 | 119.83 | 115.80 | 0.97 times |
| 29 Wed Jan 2025 | 116.59 | 116.70 | 118.40 | 114.77 | 1.43 times |
| 28 Tue Jan 2025 | 117.45 | 109.00 | 117.94 | 109.00 | 2.154 times |
| 27 Mon Jan 2025 | 107.38 | 104.45 | 108.39 | 102.52 | 0.823 times |
| 24 Fri Jan 2025 | 107.68 | 106.45 | 109.39 | 106.16 | 0.918 times |
| 23 Thu Jan 2025 | 106.10 | 106.06 | 106.48 | 105.04 | 0.672 times |
| 22 Wed Jan 2025 | 106.37 | 107.34 | 107.79 | 105.75 | 0.529 times |
| 21 Tue Jan 2025 | 106.28 | 104.14 | 106.83 | 103.80 | 0.782 times |
| 17 Fri Jan 2025 | 103.35 | 105.50 | 105.80 | 103.04 | 0.861 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 113.5, but if it comes below 113.5, then a intra day sell could be more profitable.
If you take a sell trade below 113.5, then use 113.5 as stoploss and 108.08 as target. However if you take a buy trade in stock , then use 113.5 as stoploss and 120 as target.
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 |
| Downside Target | 102.52 |
| Downside Target | 105.80 |
| Downside Target | 108.03 |
| Downside Target | 109.39 |
| Downside Target | 115.62 |
| Upside Target | 120.10 |
| Upside Target | 122.00 |
Intraday share price targets for Shopify Inc (SHOP)
| Target Type | Value |
| Downside Intraday Target | 105.55 |
| Downside Intraday Target | 94.29 |
| Upside Intraday Target | 125.03 |
| Upside Intraday Target | 133.25 |
| Downside Intraday Target | 113.77 |
Weekly technical analysis of Shopify Inc (SHOP)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 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 |
| 10 Fri Jan 2025 | 103.71 | 106.48 | 108.03 | 99.79 | 0.769 times |
Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Shopify Inc (SHOP)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 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 |
| 31 Thu Oct 2024 | 78.21 | 80.00 | 84.37 | 77.12 | 0.92 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 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 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 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
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 112.42 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 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 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 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
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 112.42 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.