(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 2024-09-30 View latest technical analysis
10 day averaged volume of Shopify Inc is 6289770
| Date | Daily Closing Price | Open | High | Low | Volume |
| 30 Mon Sep 2024 | 80.14 | 79.07 | 80.36 | 78.50 | 0.71 times |
| 27 Fri Sep 2024 | 79.21 | 80.82 | 81.15 | 79.19 | 0.632 times |
| 26 Thu Sep 2024 | 80.75 | 80.44 | 81.09 | 78.77 | 0.911 times |
| 25 Wed Sep 2024 | 79.26 | 80.13 | 80.91 | 79.01 | 0.798 times |
| 24 Tue Sep 2024 | 80.33 | 80.77 | 81.07 | 78.78 | 0.858 times |
| 23 Mon Sep 2024 | 80.11 | 79.00 | 80.80 | 78.85 | 1.255 times |
| 20 Fri Sep 2024 | 78.72 | 78.61 | 79.52 | 77.31 | 0.892 times |
| 19 Thu Sep 2024 | 78.68 | 77.40 | 79.31 | 76.64 | 1.568 times |
| 18 Wed Sep 2024 | 75.22 | 74.83 | 76.97 | 74.59 | 1.119 times |
| 17 Tue Sep 2024 | 74.45 | 75.50 | 75.76 | 73.66 | 1.3 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 79.1, but if it comes below 79.1, then a intra day sell could be more profitable.
If you take a sell trade below 79.1, then use 79.1 as stoploss and 74.53 as target. However if you take a buy trade in stock , then use 79.1 as stoploss and 84.7 as target.
Share price targets for Shopify Inc (SHOP)
| Target Type | Value |
| Downside Target | 48.56 |
| Downside Target | 56.31 |
| Downside Target | 58.04 |
| Downside Target | 65.86 |
| Downside Target | 70.04 |
| Downside Target | 71.47 |
| Downside Target | 73.22 |
| Downside Target | 76.83 |
| Downside Target | 78.50 |
| Downside Target | 78.77 |
| Downside Target | 79.52 |
| Upside Target | 80.36 |
| Upside Target | 81.15 |
Intraday share price targets for Shopify Inc (SHOP)
| Target Type | Value |
| Downside Intraday Target | 78.97 |
| Downside Intraday Target | 77.81 |
| Upside Intraday Target | 80.83 |
| Upside Intraday Target | 81.53 |
| Downside Intraday Target | 79.67 |
Weekly technical analysis of Shopify Inc (SHOP)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 30 Mon Sep 2024 | 80.14 | 79.07 | 80.36 | 78.50 | 0.159 times |
| 27 Fri Sep 2024 | 79.21 | 79.00 | 81.15 | 78.77 | 0.803 times |
| 20 Fri Sep 2024 | 78.72 | 72.10 | 79.52 | 71.47 | 1.258 times |
| 13 Fri Sep 2024 | 72.45 | 68.48 | 73.44 | 66.95 | 1.317 times |
| 06 Fri Sep 2024 | 67.01 | 73.15 | 73.22 | 65.86 | 6.976 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 |
| 30 Mon Sep 2024 | 80.14 | 73.15 | 81.15 | 65.86 | 0.475 times |
| 30 Fri Aug 2024 | 74.07 | 61.60 | 76.83 | 48.56 | 1.4 times |
| 31 Wed Jul 2024 | 61.20 | 65.96 | 70.04 | 58.04 | 0.882 times |
| 28 Fri Jun 2024 | 66.05 | 59.41 | 68.21 | 58.38 | 0.623 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 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 Strong 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 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 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 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 78.44 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 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 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 Strong 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 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 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 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 78.44 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.