(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 2024-04-12 View latest technical analysis
10 day averaged volume of Shopify Inc is 7369480
| Date | Daily Closing Price | Open | High | Low | Volume |
| 12 Fri Apr 2024 | 70.00 | 70.89 | 71.19 | 69.19 | 1.498 times |
| 11 Thu Apr 2024 | 71.57 | 71.98 | 72.27 | 70.49 | 1.591 times |
| 10 Wed Apr 2024 | 71.98 | 72.80 | 73.12 | 71.59 | 1.088 times |
| 09 Tue Apr 2024 | 74.92 | 74.36 | 75.08 | 73.50 | 0.592 times |
| 08 Mon Apr 2024 | 74.38 | 75.21 | 75.46 | 73.32 | 0.957 times |
| 05 Fri Apr 2024 | 75.28 | 74.60 | 75.99 | 73.69 | 0.894 times |
| 04 Thu Apr 2024 | 74.81 | 75.61 | 77.07 | 74.56 | 1.158 times |
| 03 Wed Apr 2024 | 75.64 | 78.28 | 79.29 | 75.13 | 1.34 times |
| 02 Tue Apr 2024 | 78.12 | 76.61 | 78.60 | 75.95 | 0.908 times |
| 01 Mon Apr 2024 | 78.19 | 77.35 | 78.63 | 76.28 | 0.894 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 70.3, for a target of 73.7 or 76.47
Share price targets for Shopify Inc (SHOP)
| Target Type | Value |
| Downside Target | 69.19 |
| Upside Target | 72.64 |
| Upside Target | 77.00 |
| Upside Target | 79.29 |
| Upside Target | 79.75 |
| Upside Target | 79.80 |
| 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 | 67.64 |
| Downside Intraday Target | 65.28 |
| Upside Intraday Target | 73.91 |
| Upside Intraday Target | 77.82 |
| Upside Intraday Target | 71.55 |
Weekly technical analysis of Shopify Inc (SHOP)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 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 |
| 22 Fri Mar 2024 | 78.72 | 78.00 | 83.39 | 75.30 | 0.971 times |
| 15 Fri Mar 2024 | 77.15 | 75.60 | 79.80 | 74.44 | 0.875 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 |
| 12 Fri Apr 2024 | 70.00 | 77.35 | 79.29 | 69.19 | 0.6 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 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 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 Strong and stock is gaining momentum.
MACD generated a SELL signal for Shopify Inc in short term and the sell signal is strong.
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 red color and prices are below the red cloud Prices appear to be coming down
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
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 74.06 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 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 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 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 Strong and stock is gaining momentum.
MACD generated a SELL signal for Shopify Inc in short term and the sell signal is strong.
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 red color and prices are below the red cloud Prices appear to be coming down
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
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 74.06 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.