(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 7806040
| Date | Daily Closing Price | Open | High | Low | Volume |
| 01 Wed May 2024 | 70.40 | 70.21 | 72.08 | 68.88 | 0.953 times |
| 30 Tue Apr 2024 | 70.20 | 72.40 | 74.48 | 70.18 | 1.056 times |
| 29 Mon Apr 2024 | 72.48 | 73.81 | 74.04 | 71.38 | 1.295 times |
| 26 Fri Apr 2024 | 71.33 | 71.32 | 71.83 | 70.74 | 0.591 times |
| 25 Thu Apr 2024 | 70.55 | 70.43 | 71.36 | 69.57 | 0.867 times |
| 24 Wed Apr 2024 | 72.26 | 74.40 | 74.72 | 71.65 | 0.78 times |
| 23 Tue Apr 2024 | 74.01 | 71.28 | 74.59 | 71.22 | 1.219 times |
| 22 Mon Apr 2024 | 70.55 | 70.05 | 71.27 | 69.32 | 0.757 times |
| 19 Fri Apr 2024 | 69.67 | 71.00 | 71.63 | 68.79 | 1.419 times |
| 18 Thu Apr 2024 | 69.51 | 69.33 | 70.95 | 68.15 | 0.943 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 69.4 as stoploss in an intra day buy trade for a target of 71.53. However, stock will show a bearish move below 69.4.
Share price targets for Shopify Inc (SHOP)
| Target Type | Value |
| Downside Target | 68.02 |
| Upside Target | 73.85 |
| Upside Target | 74.48 |
| Upside Target | 74.72 |
| Upside Target | 75.46 |
| 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 | 68.03 |
| Downside Intraday Target | 65.65 |
| Upside Intraday Target | 73.63 |
| Upside Intraday Target | 76.85 |
| Upside Intraday Target | 71.25 |
Weekly technical analysis of Shopify Inc (SHOP)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 01 Wed May 2024 | 70.40 | 73.81 | 74.48 | 68.88 | 0.784 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 |
| 05 Fri Apr 2024 | 75.28 | 77.35 | 79.29 | 73.69 | 2.163 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 |
| 01 Wed May 2024 | 70.40 | 70.21 | 72.08 | 68.88 | 0.042 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Shopify Inc ( (SHOP) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 SELL. Signal strength is Weak 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 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 red color and prices are below the red cloud Prices appear to be moving up
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 and selling is picking up 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 71.13 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Shopify Inc ( (SHOP) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 SELL. Signal strength is Weak 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 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 red color and prices are below the red cloud Prices appear to be moving up
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 and selling is picking up 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 71.13 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 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.