(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 2024-03-27 View latest technical analysis
10 day averaged volume of Shopify Inc is 6695700
Date | Daily Closing Price | Open | High | Low | Volume |
27 Wed Mar 2024 | 78.62 | 79.35 | 79.38 | 77.46 | 0.657 times |
26 Tue Mar 2024 | 78.53 | 79.04 | 79.75 | 77.75 | 0.663 times |
25 Mon Mar 2024 | 78.42 | 78.10 | 79.56 | 77.74 | 0.686 times |
22 Fri Mar 2024 | 78.72 | 78.89 | 80.37 | 78.38 | 0.681 times |
21 Thu Mar 2024 | 79.59 | 81.66 | 83.39 | 79.56 | 1.694 times |
20 Wed Mar 2024 | 81.33 | 77.53 | 81.62 | 77.29 | 1.015 times |
19 Tue Mar 2024 | 77.53 | 76.73 | 78.53 | 75.30 | 0.857 times |
18 Mon Mar 2024 | 77.52 | 78.00 | 78.00 | 76.26 | 0.813 times |
15 Fri Mar 2024 | 77.15 | 78.23 | 79.07 | 76.76 | 0.869 times |
14 Thu Mar 2024 | 78.42 | 78.53 | 79.80 | 77.36 | 1.082 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 79.1 as stoploss in an intra day sell trade for a target of 77.18. However, stock will show a bullish move above 79.1.
Share price targets for Shopify Inc (SHOP)
Target Type | Value |
Downside Target | 47.16 |
Downside Target | 70.04 |
Downside Target | 72.64 |
Downside Target | 77.46 |
Upside Target | 79.58 |
Upside Target | 79.75 |
Upside Target | 79.80 |
Upside Target | 79.99 |
Upside Target | 83.39 |
Upside Target | 83.58 |
Upside Target | 91.57 |
Intraday share price targets for Shopify Inc (SHOP)
Target Type | Value |
Downside Intraday Target | 77.47 |
Downside Intraday Target | 76.32 |
Upside Intraday Target | 79.76 |
Upside Intraday Target | 80.9 |
Downside Intraday Target | 78.61 |
Weekly technical analysis of Shopify Inc (SHOP)
Date | Weekly Closing Price | Open | High | Low | Volume |
27 Wed Mar 2024 | 78.62 | 78.10 | 79.75 | 77.46 | 0.397 times |
22 Fri Mar 2024 | 78.72 | 78.00 | 83.39 | 75.30 | 0.971 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 |
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 Wed Mar 2024 | 78.62 | 77.11 | 83.39 | 72.64 | 0.487 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 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 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 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 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 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 red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a SELL signal for Shopify Inc in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 78.72 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 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 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 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 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 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 red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a SELL signal for Shopify Inc in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 78.72 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.