Shopify (SHOP)
NYSE:SHOP
Holding SHOP?
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Shopify (SHOP) Technical Analysis

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Technical Sentiment

Overall Consensus
Strong Buy
15Bullish
4Neutral
3Bearish
Technical Analysis Consensus
Neutral
3Bullish
4Neutral
3Bearish
Moving Average Consensus
Strong Buy
12Bullish
0Neutral
0Bearish
Shopify’s (SHOP) Moving Averages Convergence Divergence (MACD) indicator is 0.92, suggesting Shopify is a Buy.
Shopify’s (SHOP) 20-Day exponential moving average is 70.91, while Shopify’s (SHOP) share price is $74.45, making it a Buy.
Shopify’s (SHOP) 50-Day exponential moving average is 68.83, while Shopify’s (SHOP) share price is $74.45, making it a Buy.

Shopify (SHOP) Pivot Points

Sep 19, 2024, 01:33 PM
Name
S3
S2
S1
Pivot Points
R1
R2
R3
Classic
69.98
70.87
71.66
72.55
73.34
74.23
75.02
Fibonacci
70.87
71.51
71.91
72.55
73.19
73.59
74.23
Pivot points are a technical analysis tool used by traders to identify potential support and resistance levels in financial markets. Pivot points are calculated based on the previous day's high, low, and close prices, and are used to help traders identify levels at which the price may reverse or continue to trend.

Shopify (SHOP) Moving Averages

Sep 19, 2024, 01:33 PM
Period
Simple
Exponential
MA5
71.41Buy
71.88Buy
MA10
70.38Buy
71.41Buy
MA20
72.49Buy
70.91Buy
MA50
67.37Buy
68.83Buy
MA100
65.77Buy
67.93Buy
MA200
71.43Buy
68.52Buy
Shopify’s (SHOP) 10-Day exponential moving average is 71.41, while Shopify’s (SHOP) share price is $74.45, making it a Buy.
Shopify’s (SHOP) 100-Day exponential moving average is 67.93, while Shopify’s (SHOP) share price is $74.45, making it a Buy.
Shopify’s (SHOP) stock price is $74.45 and Shopify’s (SHOP) 50-day simple moving average is 67.37, creating a Buy signal.
Shopify’s (SHOP) stock price is $74.45 and Shopify’s (SHOP) 100-day simple moving average is 65.77, creating a Buy signal.
Shopify’s (SHOP) stock price is $74.45 and Shopify’s (SHOP) 200-day simple moving average is 71.43, creating a Buy signal.

Shopify (SHOP) Technical Indicators

Sep 19, 2024, 01:33 PM
Name
Value
Implied Action
RSI (14)
58.64
Neutral
STOCH (9,6)
83.25
Sell
STOCHRSI (14)
65.15
Neutral
MACD (12,26)
0.92
Buy
ADX (14)
16.92
Buy
Williams %R
-14.32
Sell
CCI (14)
13.73
Neutral
ATR (14)
2.54
-
Ultimate Oscillator
58.25
Neutral
ROC
-1.83
Sell
Shopify’s (SHOP) Relative Strength Index (RSI) is 58.64, creating a Neutral signal.
Shopify’s (SHOP) Trend Strength Indicator (ADX) is 16.92, creating a Buy signal.
Shopify’s (SHOP) Commodity Channel Index (CCI) is 13.73, creating a Neutral signal.
Shopify’s (SHOP) Price Rate of Change (ROC) is -1.83, creating a Sell signal.

FAQ

Is SHOP a Buy, Hold, or Sell?
Based on SHOP’s technical indicators, SHOP is a Strong Buy.
    What is SHOP’s RSI (14)?
    SHOP’s RSI (14) is 58.64, which suggests SHOP is a Neutral.
      What is SHOP’s MACD?
      SHOP’s MACD is 0.92, which suggests SHOP is a Buy.
        What is SHOP’s 5-day moving average?
        SHOP’s 5-day moving average is 71.41, which suggests SHOP is a Buy.
          What is SHOP’s 20-day moving average?
          SHOP 20-day moving average is 72.49, which suggests SHOP is a Buy.
            What is SHOP’s 50-day moving average?
            SHOP’s 50-day moving average is 67.37, which suggests SHOP is a Buy.
              What is SHOP’s 200-day moving average?
              SHOP’s 200-day moving average is 71.43, which suggests SHOP is a Buy.
                What is SHOP’s Williams % R (14)?
                SHOP’s Williams % R (14) is -14.32, which suggests SHOP is a Sell.
                  What is SHOP’s CCI (14)?
                  SHOP’s CCI (14) is 13.73, which suggests SHOP is a Neutral.
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