Shopify Inc (SHOP) Technical (Analysis) Reports Shopify Inc ["Technical Analysis"] Reports -USA Stock Exchange MunafaSutra.com
Complete & easy to understand technical analysis of Shopify Inc (SHOP)
Technical Analysis Report for USA stock SHOP Shopify Inc. Dated: 21 Nov 2024 Updated Daily. Stock trades under Technology Deals in Computer Software Prepackaged Software in USA stock exchange
If you are looking for Tomorrow's Movement Predictions for USA stock SHOP Shopify Inc then click here. or read Experts views on Shopify Inc or Forecast & share price targets of Shopify Inc
Shopify Inc Opened at 103.74 and Closed at: 106.48, which is 2.39% of previous session's close. It moved within a range of 103.26 and 108.21
The session was a Bullish session with an average volume of 10624600, which is 28.16% of previous session's volumes.
- The stock has shown an up move, and its short term trend is also positive and in an uptrend.
- The stock has shown an up move, and its mid term trend is also positive and in an uptrend.
- The stock has shown an up move, and its long term trend is also positive and in an uptrend.
A Golden cross was found 9 days back on short term averages
Support for tomorrow is 104.87 and resistance for tomorrow is 109.82
These support and resistance points are valid for the first 5-15 minutes charts
Above are simple pivot point calculations. For a list of much stronger support and resistance levels click here. These are way more stronger support and resistance levels, and mark trend reversals and are Support & Resistance levels recommended by experts.
Support for tomorrow's hourly charts is 103.76, 101.03 resistance for tomorrow's hourly charts is 108.71, 110.93
10 Day SMA for Shopify Inc (SHOP) is 103.96 and stock is trading above these levels. This is a good sign for its short term trend
20 Day SMA for Shopify Inc (SHOP) is 92.08 and the stock is trading above these levels. This is a good sign for its mid term trend
50 Day SMA for Shopify Inc (SHOP) is 84.82 and the stock is trading above these levels. This is a good sign for its mid to long term trend
100 Day SMA is 76.05 and the stock is trading above these levels. This is a good sign for its long term trend
200 Day SMA Shopify Inc is 72.85 and stock is trading above these levels. This is a good sign for its long term trend
20 DMA of Shopify Inc is at 92.08 and 200 DMA is at 72.85, while 50 DMA and 100 DMA are at 84.82 and 76.05 respectively
Shopify Inc (SHOP) moving average of 20 SMA is at 92.08 and 20 EMA is at 95.94
| Date | Closing Price | 20 SMA | 20 EMA |
| 21 Thu Nov | 106.48 | 92.08 | 95.94 |
| 20 Wed Nov | 103.94 | 90.75 | 94.83 |
| 19 Tue Nov | 104.59 | 89.53 | 93.87 |
| 18 Mon Nov | 105.88 | 88.38 | 92.74 |
| 15 Fri Nov | 108.49 | 87.22 | 91.36 |
| 14 Thu Nov | 109.08 | 85.93 | 89.56 |
Shopify Inc (SHOP) moving average of 50 SMA is at 84.82 and 50 EMA is at 86.76
| Date | Closing Price | 50 SMA | 50 EMA |
| 21 Thu Nov | 106.48 | 84.82 | 86.76 |
| 20 Wed Nov | 103.94 | 84.12 | 85.96 |
| 19 Tue Nov | 104.59 | 83.47 | 85.23 |
| 18 Mon Nov | 105.88 | 82.74 | 84.44 |
| 15 Fri Nov | 108.49 | 81.98 | 83.57 |
| 14 Thu Nov | 109.08 | 81.18 | 82.55 |
Shopify Inc (SHOP) moving average of 100 SMA is at 76.05 and 100 EMA is at 80.12
| Date | Closing Price | 100 SMA | 100 EMA |
| 21 Thu Nov | 106.48 | 76.05 | 80.12 |
| 20 Wed Nov | 103.94 | 75.67 | 79.59 |
| 19 Tue Nov | 104.59 | 75.29 | 79.1 |
| 18 Mon Nov | 105.88 | 74.91 | 78.59 |
| 15 Fri Nov | 108.49 | 74.52 | 78.04 |
| 14 Thu Nov | 109.08 | 74.08 | 77.42 |
Shopify Inc (SHOP) moving average of 200 SMA is at 72.85 and 200 EMA is at 74.67
| Date | Closing Price | 200 SMA | 200 EMA |
| 21 Thu Nov | 106.48 | 72.85 | 74.67 |
| 20 Wed Nov | 103.94 | 72.74 | 74.35 |
| 19 Tue Nov | 104.59 | 72.62 | 74.05 |
| 18 Mon Nov | 105.88 | 72.49 | 73.74 |
| 15 Fri Nov | 108.49 | 72.4 | 73.42 |
| 14 Thu Nov | 109.08 | 72.31 | 73.07 |
Shopify Inc has performed better than Xperi Corporation in short term. Holding Shopify Inc could be a better choice for now!
Shopify Inc has performed better than Pure Storage in short term. Holding Shopify Inc could be a better choice for now!
Shopify Inc has performed better than Cts Corporation in short term. Holding Shopify Inc could be a better choice for now!
Shopify Inc has performed better than 21vianet Group in short term. Holding Shopify Inc could be a better choice for now!
Shopify Inc has performed better than Veritone Inc in short term. Holding Shopify Inc could be a better choice for now!
Shopify Inc has performed better than Stratasys in short term. Holding Shopify Inc could be a better choice for now!
Shopify Inc has performed better than Photronics Inc in short term. Holding Shopify Inc could be a better choice for now!
Shopify Inc has performed better than Pegasystems Inc in short term. Holding Shopify Inc could be a better choice for now!
Shopify Inc has performed better than Macom Technology in short term. Holding Shopify Inc could be a better choice for now!
Microstrategy Incorporated has performed better than Shopify Inc in short term. You could have earned much better returns by investing in Microstrategy Incorporated, about 34.83% more returns!
Shopify Inc has performed better than Mind C in short term. Holding Shopify Inc could be a better choice for now!
Shopify Inc has performed better than Kimball Electronics in short term. Holding Shopify Inc could be a better choice for now!
Shopify Inc has performed better than Five9 Inc in short term. Holding Shopify Inc could be a better choice for now!
Shopify Inc has performed better than Everquote Inc in short term. Holding Shopify Inc could be a better choice for now!
Shopify Inc has performed better than Domo Inc in short term. Holding Shopify Inc could be a better choice for now!
Shopify Inc has performed better than Digital Ally in short term. Holding Shopify Inc could be a better choice for now!
Shopify Inc has performed better than Cyberark Software in short term. Holding Shopify Inc could be a better choice for now!
Shopify Inc has performed better than Cross Country in short term. Holding Shopify Inc could be a better choice for now!
Shopify Inc Technical analysis of indicators
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.
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 and the buy signal is strong.
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. Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are above the green 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 BUY signal in short term but buying is losing momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 105.74 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Tomorrow's Predictions
You should also read Tomorrow's Movement Predictions for USA stock SHOP Shopify Inc These predictions are based on various factors, are easy to understand, and upto 75% accurate!
And SHOP Experts View which covers a lot of information including buying and selling signals
SHOP future forecast & share price targets
You can also take a look at the Charts and indicator analysis here Announcements & NEWS by Shopify Inc or View Candle Stick Charts here
Quick Charts: Renko Point & Figure Just IntraDay All Indicators Weekly Monthly All in One Eagle View MACD & ADX
Videos related to: Shopify Inc (SHOP) Technical (Analysis) Reports Shopify Inc ["Technical Analysis"] Reports -USA Stock Exchange MunafaSutra.com
Hindi Video Correct Way Of Technical Analysis How To Find Entry Exit Points On Charts
Hindi Video Most Important Stock Market Video. No Success Without This Formula
- USA Screeners
- USA Daily Screener
- USA Weekly Screener
- USA Monthly Screener
- Support & Resistance
- USA Shares Near Support
- USA Shares Near Resistance