(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 2024-12-31 View latest technical analysis
10 day averaged volume of Shopify Inc is 5434076
| Date | Daily Closing Price | Open | High | Low | Volume |
| 31 Tue Dec 2024 | 106.33 | 106.75 | 107.31 | 105.46 | 0.681 times |
| 30 Mon Dec 2024 | 106.69 | 105.07 | 107.19 | 104.54 | 0.738 times |
| 27 Fri Dec 2024 | 108.18 | 109.44 | 109.80 | 106.52 | 0.73 times |
| 26 Thu Dec 2024 | 109.96 | 109.78 | 110.62 | 108.89 | 0.374 times |
| 24 Tue Dec 2024 | 110.18 | 109.63 | 110.36 | 108.51 | 0.34 times |
| 23 Mon Dec 2024 | 109.25 | 108.53 | 110.08 | 107.47 | 0.681 times |
| 20 Fri Dec 2024 | 108.95 | 105.30 | 109.96 | 104.50 | 1.193 times |
| 19 Thu Dec 2024 | 107.07 | 111.30 | 111.44 | 105.71 | 1.933 times |
| 18 Wed Dec 2024 | 109.70 | 118.81 | 120.10 | 109.51 | 1.592 times |
| 17 Tue Dec 2024 | 119.49 | 115.14 | 119.85 | 115.04 | 1.477 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 107.7, but if it comes above 107.7, then a intra day buy could be more profitable.
If you take a sell trade below 107.7, then use 107.7 as stoploss and 103.2 as target. However if you take a buy trade in stock , then use 107.7 as stoploss and 111.5 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 | 104.50 |
| Upside Target | 110.62 |
| Upside Target | 112.68 |
| Upside Target | 113.90 |
| Upside Target | 115.62 |
| Upside Target | 118.94 |
| Upside Target | 120.10 |
Intraday share price targets for Shopify Inc (SHOP)
| Target Type | Value |
| Downside Intraday Target | 104.81 |
| Downside Intraday Target | 103.29 |
| Upside Intraday Target | 107.58 |
| Upside Intraday Target | 108.83 |
| Downside Intraday Target | 106.06 |
Weekly technical analysis of Shopify Inc (SHOP)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 31 Tue Dec 2024 | 106.33 | 105.07 | 107.31 | 104.54 | 0.668 times |
| 27 Fri Dec 2024 | 108.18 | 108.53 | 110.62 | 106.52 | 0.298 times |
| 20 Fri Dec 2024 | 108.95 | 115.72 | 120.10 | 104.50 | 1.378 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 |
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 |
| 31 Tue Dec 2024 | 106.33 | 118.59 | 120.10 | 104.50 | 0.376 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 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 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 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 SELL. 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a buy signal for Shopify Inc in short term but BUY signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining 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 109.99 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 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 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 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 SELL. 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a buy signal for Shopify Inc in short term but BUY signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining 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 109.99 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.