tiprankstipranks
Shopify (TSE:SHOP)
TSX:SHOP
Holding TSE:SHOP?
Track your performance easily

Shopify (SHOP) Technical Analysis

2,014 Followers

Summary of all the Indicators

Overall Consensus
Buy
14Bullish
2Neutral
6Bearish
Technical Analysis Consensus
Sell
2Bullish
2Neutral
6Bearish
Moving Average Consensus
Strong Buy
12Bullish
0Neutral
0Bearish
Shopify’s (SHOP) Moving Averages Convergence Divergence (MACD) indicator is 2.99, suggesting Shopify is a Sell.
Shopify’s (SHOP) 20-Day exponential moving average is 113.61, while Shopify’s (SHOP) share price is C$152.26, making it a Buy.
Shopify’s (SHOP) 50-Day exponential moving average is 108.40, while Shopify’s (SHOP) share price is C$152.26, making it a Buy.

Shopify (SHOP) Pivot Points

Nov 22, 2024, 02:41 PM
Name
S3
S2
S1
Pivot Points
R1
R2
R3
Classic
116.53
117.54
119.39
120.40
122.25
123.26
125.11
Fibonacci
117.54
118.63
119.30
120.40
121.49
122.16
123.26
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

Nov 22, 2024, 02:41 PM
Period
Simple
Exponential
MA5
117.93Buy
119.33Buy
MA10
114.12Buy
116.16Buy
MA20
113.11Buy
113.61Buy
MA50
107.56Buy
108.40Buy
MA100
99.29Buy
103.24Buy
MA200
98.62Buy
101.57Buy
Shopify’s (SHOP) 10-Day exponential moving average is 116.16, while Shopify’s (SHOP) share price is C$152.26, making it a Buy.
Shopify’s (SHOP) 100-Day exponential moving average is 103.24, while Shopify’s (SHOP) share price is C$152.26, making it a Buy.
Shopify’s (SHOP) stock price is C$152.26 and Shopify’s (SHOP) 50-day simple moving average is 107.56, creating a Buy signal.
Shopify’s (SHOP) stock price is C$152.26 and Shopify’s (SHOP) 100-day simple moving average is 99.29, creating a Buy signal.
Shopify’s (SHOP) stock price is C$152.26 and Shopify’s (SHOP) 200-day simple moving average is 98.62, creating a Buy signal.

Shopify (SHOP) Technical Indicators

Nov 22, 2024, 02:41 PM
Name
Value
Implied Action
RSI (14)
75.44
Sell
STOCH (9,6)
94.41
Sell
STOCHRSI (14)
94.41
Sell
MACD (12,26)
2.99
Sell
ADX (14)
27.91
Neutral
Williams %R
-13.94
Sell
CCI (14)
313.32
Sell
ATR (14)
3.23
-
Ultimate Oscillator
69.82
Neutral
ROC
11.15
Buy
Shopify’s (SHOP) Relative Strength Index (RSI) is 75.44, creating a Sell signal.
Shopify’s (SHOP) Trend Strength Indicator (ADX) is 27.91, creating a Neutral signal.
Shopify’s (SHOP) Commodity Channel Index (CCI) is 313.32, creating a Sell signal.
Shopify’s (SHOP) Price Rate of Change (ROC) is 11.15, creating a Buy signal.

FAQ

Is SHOP a Buy, Hold, or Sell?
Based on SHOP’s technical indicators, SHOP is a Buy.
    What is SHOP’s RSI (14)?
    SHOP’s RSI (14) is 75.44, which suggests SHOP is a Sell.
      What is SHOP’s MACD?
      SHOP’s MACD is 2.99, which suggests SHOP is a Sell.
        What is SHOP’s 5-day moving average?
        SHOP’s 5-day moving average is 117.93, which suggests SHOP is a Buy.
          What is SHOP’s 20-day moving average?
          SHOP 20-day moving average is 113.11, which suggests SHOP is a Buy.
            What is SHOP’s 50-day moving average?
            SHOP’s 50-day moving average is 107.56, which suggests SHOP is a Buy.
              What is SHOP’s 200-day moving average?
              SHOP’s 200-day moving average is 98.62, which suggests SHOP is a Buy.
                What is SHOP’s Williams % R (14)?
                SHOP’s Williams % R (14) is -13.94, which suggests SHOP is a Sell.
                  What is SHOP’s CCI (14)?
                  SHOP’s CCI (14) is 313.32, which suggests SHOP is a Sell.
                    What am I Missing?
                    Make informed decisions based on Top Analysts' activity
                    Know what industry insiders are buying
                    Get actionable alerts from top Wall Street Analysts
                    Find out before anyone else which stock is going to shoot up
                    Get powerful stock screeners & detailed portfolio analysis