(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.
10 day averaged volume of Shopify Inc is 7141920
Date | Daily Closing Price | Open | High | Low | Volume |
06 Mon May 2024 | 77.37 | 75.00 | 77.80 | 74.42 | 1.546 times |
03 Fri May 2024 | 74.46 | 73.78 | 74.88 | 73.06 | 1.029 times |
02 Thu May 2024 | 72.00 | 71.99 | 72.72 | 70.23 | 0.754 times |
01 Wed May 2024 | 70.40 | 70.21 | 72.08 | 68.88 | 1.041 times |
30 Tue Apr 2024 | 70.20 | 72.40 | 74.48 | 70.18 | 1.155 times |
29 Mon Apr 2024 | 72.48 | 73.81 | 74.04 | 71.38 | 1.415 times |
26 Fri Apr 2024 | 71.33 | 71.32 | 71.83 | 70.74 | 0.646 times |
25 Thu Apr 2024 | 70.55 | 70.43 | 71.36 | 69.57 | 0.948 times |
24 Wed Apr 2024 | 72.26 | 74.40 | 74.72 | 71.65 | 0.852 times |
23 Tue Apr 2024 | 74.01 | 71.28 | 74.59 | 71.22 | 1.333 times |
Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 76.4, for a target of 73.7 or 71.5
Share price targets for Shopify Inc (SHOP)
Target Type | Value |
Downside Target | 68.02 |
Downside Target | 74.72 |
Downside Target | 74.88 |
Downside Target | 75.46 |
Upside Target | 77.80 |
Upside Target | 79.29 |
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 | 75.26 |
Downside Intraday Target | 73.15 |
Upside Intraday Target | 78.64 |
Upside Intraday Target | 79.91 |
Downside Intraday Target | 76.53 |
Weekly technical analysis of Shopify Inc (SHOP)
Date | Weekly Closing Price | Open | High | Low | Volume |
06 Mon May 2024 | 77.37 | 75.00 | 77.80 | 74.42 | 0.287 times |
03 Fri May 2024 | 74.46 | 73.81 | 74.88 | 68.88 | 1.171 times |
26 Fri Apr 2024 | 71.33 | 70.05 | 74.72 | 69.32 | 0.734 times |
19 Fri Apr 2024 | 69.67 | 70.00 | 71.63 | 68.02 | 1.061 times |
12 Fri Apr 2024 | 70.00 | 75.21 | 75.46 | 69.19 | 1.103 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 |
06 Mon May 2024 | 77.37 | 70.21 | 77.80 | 68.88 | 0.177 times |
30 Tue Apr 2024 | 70.20 | 77.35 | 79.29 | 68.02 | 1.316 times |
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 |
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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Shopify Inc ( (SHOP) ) based on a short 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 but the buy signal is initial and weak.
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 red color and prices are in or above the red 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 SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Shopify Inc is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 72.83 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Shopify Inc ( (SHOP) ) based on a short 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 but the buy signal is initial and weak.
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 red color and prices are in or above the red 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 SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Shopify Inc is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 72.83 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.