(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 2024-12-17 View latest technical analysis
10 day averaged volume of Shopify Inc is 6652696
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Tue Dec 2024 | 119.49 | 115.14 | 119.85 | 115.04 | 1.206 times |
| 16 Mon Dec 2024 | 115.94 | 115.72 | 117.00 | 114.69 | 0.77 times |
| 13 Fri Dec 2024 | 114.63 | 115.52 | 116.50 | 113.44 | 0.69 times |
| 12 Thu Dec 2024 | 115.31 | 116.22 | 118.32 | 115.17 | 0.902 times |
| 11 Wed Dec 2024 | 117.37 | 115.36 | 117.86 | 114.16 | 0.958 times |
| 10 Tue Dec 2024 | 113.45 | 114.78 | 116.65 | 112.68 | 0.77 times |
| 09 Mon Dec 2024 | 115.29 | 118.59 | 118.94 | 114.08 | 0.912 times |
| 26 Tue Nov 2024 | 112.08 | 109.70 | 113.90 | 109.08 | 1.207 times |
| 26 Tue Nov 2024 | 112.08 | 109.70 | 113.90 | 109.08 | 1.207 times |
| 25 Mon Nov 2024 | 111.00 | 109.30 | 112.45 | 108.63 | 1.523 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 116.7, but if it comes below 116.7, then a intra day sell could be more profitable.
If you take a sell trade below 116.7, then use 116.7 as stoploss and 110.3 as target. However if you take a buy trade in stock , then use 116.7 as stoploss and 124.3 as target.
Share price targets for Shopify Inc (SHOP)
| Target Type | Value |
| Downside Target | 48.56 |
| Downside Target | 65.86 |
| Downside Target | 76.83 |
| Downside Target | 81.15 |
| Downside Target | 84.37 |
| Downside Target | 102.58 |
| Downside Target | 108.63 |
| Downside Target | 112.68 |
| Downside Target | 113.90 |
| Downside Target | 114.69 |
| Downside Target | 115.62 |
| Downside Target | 118.94 |
| Upside Target | 119.85 |
Intraday share price targets for Shopify Inc (SHOP)
| Target Type | Value |
| Downside Intraday Target | 116.17 |
| Downside Intraday Target | 112.85 |
| Upside Intraday Target | 121.33 |
| Upside Intraday Target | 123.17 |
| Downside Intraday Target | 118.01 |
Weekly technical analysis of Shopify Inc (SHOP)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Tue Dec 2024 | 119.49 | 115.72 | 119.85 | 114.69 | 0.467 times |
| 13 Fri Dec 2024 | 114.63 | 118.59 | 118.94 | 112.68 | 3.507 times |
| 26 Tue Nov 2024 | 112.08 | 109.70 | 113.90 | 109.08 | 0.442 times |
| 26 Tue Nov 2024 | 112.08 | 109.30 | 113.90 | 108.63 | 0.442 times |
| 22 Fri Nov 2024 | 106.96 | 108.90 | 109.11 | 102.58 | 0.319 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 |
| 17 Tue Dec 2024 | 119.49 | 118.59 | 119.85 | 112.68 | 0.18 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 |
| 30 Mon Sep 2024 | 80.14 | 73.15 | 81.15 | 65.86 | 0.475 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Shopify Inc ( (SHOP) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 buy signal for Shopify Inc in short term and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining 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 114.44 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Shopify Inc ( (SHOP) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 buy signal for Shopify Inc in short term and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining 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 114.44 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.