Shopify (TSE:SHOP)
TSX:SHOP
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Shopify (SHOP) Technical Analysis

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Summary of all the Indicators

Overall Consensus
Strong Buy
16Bullish
5Neutral
1Bearish
Technical Analysis Consensus
Buy
4Bullish
5Neutral
1Bearish
Moving Average Consensus
Strong Buy
12Bullish
0Neutral
0Bearish
Shopify’s (SHOP) Moving Averages Convergence Divergence (MACD) indicator is 0.76, suggesting Shopify is a Buy.
Shopify’s (SHOP) 20-Day exponential moving average is 95.99, while Shopify’s (SHOP) share price is C$99.98, making it a Buy.
Shopify’s (SHOP) 50-Day exponential moving average is 93.73, while Shopify’s (SHOP) share price is C$99.98, making it a Buy.

Shopify (SHOP) Pivot Points

Sep 19, 2024, 06:34 PM
Name
S3
S2
S1
Pivot Points
R1
R2
R3
Classic
91.99
93.33
95.08
96.42
98.17
99.51
101.26
Fibonacci
93.33
94.51
95.24
96.42
97.60
98.33
99.51
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, 06:34 PM
Period
Simple
Exponential
MA5
95.50Buy
96.42Buy
MA10
95.44Buy
96.22Buy
MA20
98.33Buy
95.99Buy
MA50
92.24Buy
93.73Buy
MA100
90.11Buy
92.72Buy
MA200
97.12Buy
93.30Buy
Shopify’s (SHOP) 10-Day exponential moving average is 96.22, while Shopify’s (SHOP) share price is C$99.98, making it a Buy.
Shopify’s (SHOP) 100-Day exponential moving average is 92.72, while Shopify’s (SHOP) share price is C$99.98, making it a Buy.
Shopify’s (SHOP) stock price is C$99.98 and Shopify’s (SHOP) 50-day simple moving average is 92.24, creating a Buy signal.
Shopify’s (SHOP) stock price is C$99.98 and Shopify’s (SHOP) 100-day simple moving average is 90.11, creating a Buy signal.
Shopify’s (SHOP) stock price is C$99.98 and Shopify’s (SHOP) 200-day simple moving average is 97.12, creating a Buy signal.

Shopify (SHOP) Technical Indicators

Sep 19, 2024, 06:34 PM
Name
Value
Implied Action
RSI (14)
56.11
Neutral
STOCH (9,6)
75.85
Neutral
STOCHRSI (14)
56.60
Neutral
MACD (12,26)
0.76
Buy
ADX (14)
19.10
Buy
Williams %R
-36.29
Buy
CCI (14)
3.53
Neutral
ATR (14)
3.28
-
Ultimate Oscillator
54.33
Neutral
ROC
-4.33
Sell
Shopify’s (SHOP) Relative Strength Index (RSI) is 56.11, creating a Neutral signal.
Shopify’s (SHOP) Trend Strength Indicator (ADX) is 19.10, creating a Buy signal.
Shopify’s (SHOP) Commodity Channel Index (CCI) is 3.53, creating a Neutral signal.
Shopify’s (SHOP) Price Rate of Change (ROC) is -4.33, 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 56.11, which suggests SHOP is a Neutral.
      What is SHOP’s MACD?
      SHOP’s MACD is 0.76, which suggests SHOP is a Buy.
        What is SHOP’s 5-day moving average?
        SHOP’s 5-day moving average is 95.50, which suggests SHOP is a Buy.
          What is SHOP’s 20-day moving average?
          SHOP 20-day moving average is 98.33, which suggests SHOP is a Buy.
            What is SHOP’s 50-day moving average?
            SHOP’s 50-day moving average is 92.24, which suggests SHOP is a Buy.
              What is SHOP’s 200-day moving average?
              SHOP’s 200-day moving average is 97.12, which suggests SHOP is a Buy.
                What is SHOP’s Williams % R (14)?
                SHOP’s Williams % R (14) is -36.29, which suggests SHOP is a Buy.
                  What is SHOP’s CCI (14)?
                  SHOP’s CCI (14) is 3.53, which suggests SHOP is a Neutral.
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