(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 2024-03-28 View latest technical analysis
10 day averaged volume of Shopify Inc is 6038140
Date | Daily Closing Price | Open | High | Low | Volume |
28 Thu Mar 2024 | 77.17 | 78.80 | 79.20 | 77.00 | 0.706 times |
27 Wed Mar 2024 | 78.62 | 79.35 | 79.38 | 77.46 | 0.729 times |
26 Tue Mar 2024 | 78.53 | 79.04 | 79.75 | 77.75 | 0.736 times |
25 Mon Mar 2024 | 78.42 | 78.10 | 79.56 | 77.74 | 0.761 times |
22 Fri Mar 2024 | 78.72 | 78.89 | 80.37 | 78.38 | 0.755 times |
21 Thu Mar 2024 | 79.59 | 81.66 | 83.39 | 79.56 | 1.879 times |
20 Wed Mar 2024 | 81.33 | 77.53 | 81.62 | 77.29 | 1.125 times |
19 Tue Mar 2024 | 77.53 | 76.73 | 78.53 | 75.30 | 0.95 times |
18 Mon Mar 2024 | 77.52 | 78.00 | 78.00 | 76.26 | 0.901 times |
15 Fri Mar 2024 | 77.15 | 78.23 | 79.07 | 76.76 | 0.964 times |
My analysis of stock is bearish for shortterm, and stock might move down till 75.3 or till 73.1. Use a stoploss of 77.22 and if the stock hits stoploss, then it can shoot up till 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 | 77.00 |
Upside Target | 78.66 |
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 | 76.2 |
Downside Intraday Target | 75.22 |
Upside Intraday Target | 78.95 |
Upside Intraday Target | 80.72 |
Upside Intraday Target | 77.97 |
Weekly technical analysis of Shopify Inc (SHOP)
Date | Weekly Closing Price | Open | High | Low | Volume |
28 Thu Mar 2024 | 77.17 | 78.10 | 79.75 | 77.00 | 0.522 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 |
28 Thu Mar 2024 | 77.17 | 77.11 | 83.39 | 72.64 | 0.503 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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.
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 coming down
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 but selling is losing 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 78.65 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 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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.
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 coming down
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 but selling is losing 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 78.65 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.