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Shopify (SHOP)
NYSE:SHOP

Shopify (SHOP) Technical Analysis

17,334 Followers

Technical Sentiment

Overall Consensus
Sell
6Bullish
3Neutral
13Bearish
Technical Analysis Consensus
Buy
5Bullish
3Neutral
2Bearish
Moving Average Consensus
Strong Sell
1Bullish
0Neutral
11Bearish
Shopify’s (SHOP) Moving Averages Convergence Divergence (MACD) indicator is -4.10, suggesting Shopify is a Buy.
Shopify’s (SHOP) 20-Day exponential moving average is 65.47, while Shopify’s (SHOP) share price is $58.53, making it a Sell.
Shopify’s (SHOP) 50-Day exponential moving average is 70.23, while Shopify’s (SHOP) share price is $58.53, making it a Sell.

Shopify (SHOP) Pivot Points

May 19, 2024, 01:23 AM
Name
S3
S2
S1
Pivot Points
R1
R2
R3
Classic
56.19
56.98
57.40
58.19
58.61
59.40
59.82
Fibonacci
56.98
57.45
57.73
58.19
58.66
58.94
59.40
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

May 19, 2024, 01:23 AM
Period
Simple
Exponential
MA5
58.38Buy
59.23Sell
MA10
63.05Sell
61.89Sell
MA20
67.43Sell
65.47Sell
MA50
72.17Sell
70.23Sell
MA100
75.72Sell
71.81Sell
MA200
68.29Sell
68.20Sell
Shopify’s (SHOP) 10-Day exponential moving average is 61.89, while Shopify’s (SHOP) share price is $58.53, making it a Sell.
Shopify’s (SHOP) 100-Day exponential moving average is 71.81, while Shopify’s (SHOP) share price is $58.53, making it a Sell.
Shopify’s (SHOP) stock price is $58.53 and Shopify’s (SHOP) 50-day simple moving average is 72.17, creating a Sell signal.
Shopify’s (SHOP) stock price is $58.53 and Shopify’s (SHOP) 100-day simple moving average is 75.72, creating a Sell signal.
Shopify’s (SHOP) stock price is $58.53 and Shopify’s (SHOP) 200-day simple moving average is 68.29, creating a Sell signal.

Shopify (SHOP) Technical Indicators

May 19, 2024, 01:23 AM
Name
Value
Implied Action
RSI (14)
31.20
Neutral
STOCH (9,6)
6.94
Buy
STOCHRSI (14)
6.94
Buy
MACD (12,26)
-4.10
Buy
ADX (14)
26.92
Neutral
Williams %R
-92.30
Buy
CCI (14)
-100.33
Buy
ATR (14)
2.97
-
Ultimate Oscillator
36.57
Neutral
ROC
-19.25
Sell
Shopify’s (SHOP) Relative Strength Index (RSI) is 31.20, creating a Neutral signal.
Shopify’s (SHOP) Trend Strength Indicator (ADX) is 26.92, creating a Neutral signal.
Shopify’s (SHOP) Commodity Channel Index (CCI) is -100.33, creating a Buy signal.
Shopify’s (SHOP) Price Rate of Change (ROC) is -19.25, creating a Sell signal.

FAQ

Is SHOP a Buy, Hold, or Sell?
Based on SHOP’s technical indicators, SHOP is a Sell.
    What is SHOP’s RSI (14)?
    SHOP’s RSI (14) is 31.20, which suggests SHOP is a Neutral.
      What is SHOP’s MACD?
      SHOP’s MACD is -4.10, which suggests SHOP is a Buy.
        What is SHOP’s 5-day moving average?
        SHOP’s 5-day moving average is 58.38, which suggests SHOP is a Buy.
          What is SHOP’s 20-day moving average?
          SHOP 20-day moving average is 67.43, which suggests SHOP is a Sell.
            What is SHOP’s 50-day moving average?
            SHOP’s 50-day moving average is 72.17, which suggests SHOP is a Sell.
              What is SHOP’s 200-day moving average?
              SHOP’s 200-day moving average is 68.29, which suggests SHOP is a Sell.
                What is SHOP’s Williams % R (14)?
                SHOP’s Williams % R (14) is -92.30, which suggests SHOP is a Buy.
                  What is SHOP’s CCI (14)?
                  SHOP’s CCI (14) is -100.33, which suggests SHOP is a Buy.
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