SHOP NEWS why is Shopify Inc. price falling or rising

SHOP NEWS reasons for why stock price of Shopify Inc. is falling or rising

SHOP Shopify Inc is falling or rising technical reasons

Technical analysis forecast for Shopify Inc Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Shopify Inc SHOP at this time. Stock is falling and might fall more.

It appears as if Shopify Inc SHOP gave a large move recently.

Stock of Shopify Inc (SHOP) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Shopify Inc is bearish for shortterm, and stock might move down till 69.5 or till 66. Use a stoploss of 72.44 and if the stock hits stoploss, then it can shoot up till 75.37

SHOP Shopify Inc is falling or rising NEWS fundamental reasons

Only 4% rely on online platforms for clothes: How Indians shop apparel Discounts and ease of return are key drivers for online purchases. - NEWS as on 2024-04-23 business-standard.com

More announcements and NEWS

SHOP Shopify Inc. current price & indicator signals

Moving Averages for Shopify Inc.

  • 5Day Average: 71.74
  • 12Day Average: 70.51
  • 20Day Average: 72.47
  • 50Day Average: 75.16
  • 100Day Average: 77.24
  • 150Day Average: 71.4
  • 200Day Average: 68.5

SHOP Indicators & signals

Indicator MACD (12,26,9)

71.56, 73.08, -1.71
Indicator MACD is in negative zone

Indicator ADX (14)

7.84, 18.65, 21.83
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 43
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SHOP Shopify Inc. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Fri Apr 2024 71.33 70.74 to 71.83 1.11% 0.55 times
25 Thu Apr 2024 70.55 69.57 to 71.36 -2.37% 0.8 times
24 Wed Apr 2024 72.26 71.65 to 74.72 -2.36% 0.72 times
23 Tue Apr 2024 74.01 71.22 to 74.59 4.9% 1.13 times
22 Mon Apr 2024 70.55 69.32 to 71.27 1.26% 0.7 times
19 Fri Apr 2024 69.67 68.79 to 71.63 0.23% 1.32 times
18 Thu Apr 2024 69.51 68.15 to 70.95 0.14% 0.88 times
17 Wed Apr 2024 69.41 68.97 to 71.00 1.03% 1 times
16 Tue Apr 2024 68.70 68.02 to 69.34 0.19% 1.1 times
15 Mon Apr 2024 68.57 68.39 to 70.41 -2.04% 1.04 times
12 Fri Apr 2024 70.00 69.19 to 71.19 -2.19% 1.31 times
11 Thu Apr 2024 71.57 70.49 to 72.27 -0.57% 1.39 times

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