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 of Shopify Inc Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Shopify Inc SHOP at this time. Stock is rising and might rise more.

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

Stock of Shopify Inc (SHOP) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Shopify Inc is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Shopify Inc stays above 124.8, but if it comes below 124.8, then a intra day sell could be more profitable.
If you take a sell trade below 124.8, then use 124.8 as stoploss and 117.61 as target. However if you take a buy trade in Shopify Inc, then use 124.8 as stoploss and 133.5 as target.

SHOP Shopify Inc is falling or rising NEWS fundamental reasons

More announcements and NEWS

SHOP Shopify Inc. current price & indicator signals

Moving Averages for Shopify Inc.

  • 5Day Average: 124
  • 12Day Average: 120.61
  • 20Day Average: 115.92
  • 50Day Average: 111.83
  • 100Day Average: 99.42
  • 150Day Average: 88.85
  • 200Day Average: 82.55

SHOP Indicators & signals

Indicator MACD (12,26,9)

120.68, 115.92, 3.67
Indicator MACD is in positive zone

Indicator ADX (14)

27.27, 29.17, 16.67
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 62
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
14 Fri Feb 2025 128.35 123.88 to 128.57 0.55% 0.74 times
13 Thu Feb 2025 127.65 120.10 to 128.00 5.94% 0.95 times
12 Wed Feb 2025 120.49 116.70 to 122.49 -2.51% 1.16 times
11 Tue Feb 2025 123.59 114.70 to 125.95 3.08% 3.03 times
10 Mon Feb 2025 119.90 119.14 to 123.41 2.12% 1.14 times
07 Fri Feb 2025 117.41 116.52 to 119.66 -0.99% 0.51 times
06 Thu Feb 2025 118.58 116.87 to 122.81 -2.59% 0.63 times
05 Wed Feb 2025 121.73 118.55 to 121.91 2.12% 0.53 times
04 Tue Feb 2025 119.20 116.13 to 120.48 4.2% 0.64 times
03 Mon Feb 2025 114.39 110.55 to 115.79 -2.06% 0.75 times
31 Fri Jan 2025 116.80 116.54 to 122.00 -2% 0.67 times
30 Thu Jan 2025 119.18 115.80 to 119.83 2.22% 0.55 times

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SHOP NEWS why is Shopify Inc. price falling or rising

 

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