(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 2024-04-23 View latest technical analysis
10 day averaged volume of Shopify Inc is 8585270
Date | Daily Closing Price | Open | High | Low | Volume |
23 Tue Apr 2024 | 74.01 | 71.28 | 74.59 | 71.22 | 1.109 times |
22 Mon Apr 2024 | 70.55 | 70.05 | 71.27 | 69.32 | 0.688 times |
19 Fri Apr 2024 | 69.67 | 71.00 | 71.63 | 68.79 | 1.29 times |
18 Thu Apr 2024 | 69.51 | 69.33 | 70.95 | 68.15 | 0.857 times |
17 Wed Apr 2024 | 69.41 | 69.50 | 71.00 | 68.97 | 0.975 times |
16 Tue Apr 2024 | 68.70 | 68.47 | 69.34 | 68.02 | 1.077 times |
15 Mon Apr 2024 | 68.57 | 70.00 | 70.41 | 68.39 | 1.017 times |
12 Fri Apr 2024 | 70.00 | 70.89 | 71.19 | 69.19 | 1.286 times |
11 Thu Apr 2024 | 71.57 | 71.98 | 72.27 | 70.49 | 1.366 times |
10 Wed Apr 2024 | 71.98 | 72.80 | 73.12 | 71.59 | 0.934 times |
My analysis of stock is bullish for shortterm, and stock might move up till 77 or till 81.1. Use a stoploss of 73.48 and if this stock hits its stoploss, then it can fall down till 70
Share price targets for Shopify Inc (SHOP)
Target Type | Value |
Downside Target | 68.02 |
Upside Target | 75.46 |
Upside Target | 77.00 |
Upside Target | 79.29 |
Upside Target | 79.75 |
Upside Target | 79.99 |
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 | 70.69 |
Downside Intraday Target | 67.37 |
Upside Intraday Target | 75.96 |
Upside Intraday Target | 77.91 |
Downside Intraday Target | 72.64 |
Weekly technical analysis of Shopify Inc (SHOP)
Date | Weekly Closing Price | Open | High | Low | Volume |
23 Tue Apr 2024 | 74.01 | 70.05 | 74.59 | 69.32 | 0.344 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 |
05 Fri Apr 2024 | 75.28 | 77.35 | 79.29 | 73.69 | 2.163 times |
28 Thu Mar 2024 | 77.17 | 78.10 | 79.75 | 77.00 | 0.522 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 |
23 Tue Apr 2024 | 74.01 | 77.35 | 79.29 | 68.02 | 1.049 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 |
31 Wed Jan 2024 | 80.07 | 76.44 | 83.58 | 70.62 | 1.059 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 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 term time period is neutral. A longer time frame might give a better analysis.
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 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 Weak and stock is losing 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 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 weakening, and bulls are picking up momentum!
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 positive zone. This is a BUY 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 70.43 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 has given negative 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 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 term time period is neutral. A longer time frame might give a better analysis.
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 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 Weak and stock is losing 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 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 weakening, and bulls are picking up momentum!
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 positive zone. This is a BUY 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 70.43 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 has given negative 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.