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: 04 Oct 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 79.81 and Closed at: 82.43, which is 5.2% of previous session's close. It moved within a range of 79.50 and 82.64
The session was a Bullish session with an average volume of 7746200, which is 40.29% 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.
- There is some positive change in the long term trend, but its too soon to jump onto conclusions.
Support for tomorrow is 80.97 and resistance for tomorrow is 84.11
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 80.41, 78.38 resistance for tomorrow's hourly charts is 83.55, 84.66
10 Day SMA for Shopify Inc (SHOP) is 79.79 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 76.51 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 71.95 and the stock is trading above these levels. This is a good sign for its mid to long term trend
100 Day SMA is 67.51 and the stock is trading above these levels. This is a good sign for its long term trend
200 Day SMA Shopify Inc is 71.61 and stock is trading above these levels. This is a good sign for its long term trend
20 DMA of Shopify Inc is at 76.51 and 200 DMA is at 71.61, while 50 DMA and 100 DMA are at 71.95 and 67.51 respectively
Shopify Inc (SHOP) moving average of 20 SMA is at 76.51 and 20 EMA is at 77.26
| Date | Closing Price | 20 SMA | 20 EMA |
| 04 Fri Oct | 82.43 | 76.51 | 77.26 |
| 03 Thu Oct | 78.14 | 75.79 | 76.72 |
| 02 Wed Oct | 79.10 | 75.24 | 76.57 |
| 01 Tue Oct | 78.45 | 74.79 | 76.3 |
| 30 Mon Sep | 80.14 | 74.38 | 76.07 |
| 27 Fri Sep | 79.21 | 73.93 | 75.64 |
Shopify Inc (SHOP) moving average of 50 SMA is at 71.95 and 50 EMA is at 73.32
| Date | Closing Price | 50 SMA | 50 EMA |
| 04 Fri Oct | 82.43 | 71.95 | 73.32 |
| 03 Thu Oct | 78.14 | 71.5 | 72.95 |
| 02 Wed Oct | 79.10 | 71.13 | 72.74 |
| 01 Tue Oct | 78.45 | 70.74 | 72.48 |
| 30 Mon Sep | 80.14 | 70.35 | 72.24 |
| 27 Fri Sep | 79.21 | 70.01 | 71.92 |
Shopify Inc (SHOP) moving average of 100 SMA is at 67.51 and 100 EMA is at 70.88
| Date | Closing Price | 100 SMA | 100 EMA |
| 04 Fri Oct | 82.43 | 67.51 | 70.88 |
| 03 Thu Oct | 78.14 | 67.27 | 70.65 |
| 02 Wed Oct | 79.10 | 67.07 | 70.5 |
| 01 Tue Oct | 78.45 | 66.86 | 70.33 |
| 30 Mon Sep | 80.14 | 66.66 | 70.17 |
| 27 Fri Sep | 79.21 | 66.45 | 69.97 |
Shopify Inc (SHOP) moving average of 200 SMA is at 71.61 and 200 EMA is at 69.16
| Date | Closing Price | 200 SMA | 200 EMA |
| 04 Fri Oct | 82.43 | 71.61 | 69.16 |
| 03 Thu Oct | 78.14 | 71.58 | 69.03 |
| 02 Wed Oct | 79.10 | 71.59 | 68.94 |
| 01 Tue Oct | 78.45 | 71.59 | 68.84 |
| 30 Mon Sep | 80.14 | 71.58 | 68.74 |
| 27 Fri Sep | 79.21 | 71.57 | 68.62 |
Shopify Inc has performed better than Ooma Inc in short term. Holding Shopify Inc could be a better choice for now!
Shopify Inc has performed better than Dell Technologies in short term. Holding Shopify Inc could be a better choice for now!
Shopify Inc has performed better than Viavi Solutions in short term. Holding Shopify Inc could be a better choice for now!
Shopify Inc has performed better than Ss C in short term. Holding Shopify Inc could be a better choice for now!
Sify Technologies has performed better than Shopify Inc in short term. You could have earned much better returns by investing in Sify Technologies, about 407.58% more returns!
Shopify Inc has performed better than Marvell Technology in short term. Holding Shopify Inc could be a better choice for now!
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Shopify Inc has performed better than Nlight Inc in short term. Holding Shopify Inc could be a better choice for now!
Shopify Inc has performed better than Groupon Inc in short term. Holding Shopify Inc could be a better choice for now!
Shopify Inc has performed better than Gigamedia in short term. Holding Shopify Inc could be a better choice for now!
Shopify Inc has performed better than Amdocs 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!
Chinanet Online has performed better than Shopify Inc in short term. You could have earned much better returns by investing in Chinanet Online, about 425.68% more returns!
Shopify Inc has performed better than Cargurus Inc in short term. Holding Shopify Inc could be a better choice for now!
Shopify Inc has performed better than Blackline Inc in short term. Holding Shopify Inc could be a better choice for now!
Agm Group has performed better than Shopify Inc in short term. You could have earned much better returns by investing in Agm Group, about 31.81% more returns!
Audioeye Inc has performed better than Shopify Inc in short term. You could have earned much better returns by investing in Audioeye Inc, about 0.28% more returns!
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 stronger in this stock.
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 and the buying is gaining 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 79.99 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
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