(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 2024-10-03 View latest technical analysis
10 day averaged volume of Shopify Inc is 5672770
| Date | Daily Closing Price | Open | High | Low | Volume |
| 03 Thu Oct 2024 | 78.14 | 78.50 | 79.32 | 77.69 | 0.815 times |
| 02 Wed Oct 2024 | 79.10 | 78.51 | 79.31 | 77.93 | 0.548 times |
| 01 Tue Oct 2024 | 78.45 | 80.00 | 80.24 | 77.77 | 0.997 times |
| 30 Mon Sep 2024 | 80.14 | 79.07 | 80.36 | 78.50 | 0.787 times |
| 27 Fri Sep 2024 | 79.21 | 80.82 | 81.15 | 79.19 | 0.7 times |
| 26 Thu Sep 2024 | 80.75 | 80.44 | 81.09 | 78.77 | 1.01 times |
| 25 Wed Sep 2024 | 79.26 | 80.13 | 80.91 | 79.01 | 0.885 times |
| 24 Tue Sep 2024 | 80.33 | 80.77 | 81.07 | 78.78 | 0.952 times |
| 23 Mon Sep 2024 | 80.11 | 79.00 | 80.80 | 78.85 | 1.392 times |
| 20 Fri Sep 2024 | 78.72 | 78.61 | 79.52 | 77.31 | 0.989 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 80.2 as stoploss in an intra day sell trade for a target of 75.74. However, stock will show a bullish move above 80.2.
Share price targets for Shopify Inc (SHOP)
| Target Type | Value |
| Downside Target | 48.56 |
| Downside Target | 58.04 |
| Downside Target | 65.86 |
| Downside Target | 70.04 |
| Downside Target | 71.47 |
| Downside Target | 73.22 |
| Downside Target | 76.83 |
| Upside Target | 78.77 |
| Upside Target | 79.52 |
| Upside Target | 80.24 |
| Upside Target | 80.36 |
| Upside Target | 81.15 |
Intraday share price targets for Shopify Inc (SHOP)
| Target Type | Value |
| Downside Intraday Target | 77.1 |
| Downside Intraday Target | 76.06 |
| Upside Intraday Target | 79.77 |
| Upside Intraday Target | 81.4 |
| Upside Intraday Target | 78.73 |
Weekly technical analysis of Shopify Inc (SHOP)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 03 Thu Oct 2024 | 78.14 | 79.07 | 80.36 | 77.69 | 0.637 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 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 |
| 03 Thu Oct 2024 | 78.14 | 80.00 | 80.24 | 77.69 | 0.115 times |
| 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 |
Scroll below to view daily charts
Price has moved down 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 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 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 SELL signal for Shopify Inc in short term but the sell signal is initial and weak.
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 green color and prices are above the green 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 negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 79.48 and Shopify Inc (SHOP) stock is trading below this level. This means that stock is falling with high volumes. 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 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 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 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 SELL signal for Shopify Inc in short term but the sell signal is initial and weak.
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 green color and prices are above the green 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 negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 79.48 and Shopify Inc (SHOP) stock is trading below this level. This means that stock is falling with high volumes. 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 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.