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Shopify (TSE:SHOP)
TSX:SHOP

Shopify (SHOP) Technical Analysis

1,809 Followers

Summary of all the Indicators

Overall Consensus
Sell
4Bullish
5Neutral
13Bearish
Technical Analysis Consensus
Neutral
3Bullish
5Neutral
2Bearish
Moving Average Consensus
Strong Sell
1Bullish
0Neutral
11Bearish
Shopify’s (SHOP) Moving Averages Convergence Divergence (MACD) indicator is 0.71, suggesting Shopify is a Buy.
Shopify’s (SHOP) 20-Day exponential moving average is 89.36, while Shopify’s (SHOP) share price is C$87.82, making it a Sell.
Shopify’s (SHOP) 50-Day exponential moving average is 89.69, while Shopify’s (SHOP) share price is C$87.82, making it a Sell.

Shopify (SHOP) Pivot Points

Jul 21, 2024, 06:44 PM
Name
S3
S2
S1
Pivot Points
R1
R2
R3
Classic
86.48
87.36
88.22
89.10
89.96
90.84
91.70
Fibonacci
87.36
88.02
88.44
89.10
89.76
90.18
90.84
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

Jul 21, 2024, 06:44 PM
Period
Simple
Exponential
MA5
89.79Sell
89.51Sell
MA10
90.51Sell
89.86Sell
MA20
89.96Sell
89.36Sell
MA50
86.90Buy
89.69Sell
MA100
94.30Sell
91.96Sell
MA200
94.17Sell
90.51Sell
Shopify’s (SHOP) 10-Day exponential moving average is 89.86, while Shopify’s (SHOP) share price is C$87.82, making it a Sell.
Shopify’s (SHOP) 100-Day exponential moving average is 91.96, while Shopify’s (SHOP) share price is C$87.82, making it a Sell.
Shopify’s (SHOP) stock price is C$87.82 and Shopify’s (SHOP) 50-day simple moving average is 86.90, creating a Buy signal.
Shopify’s (SHOP) stock price is C$87.82 and Shopify’s (SHOP) 100-day simple moving average is 94.30, creating a Sell signal.
Shopify’s (SHOP) stock price is C$87.82 and Shopify’s (SHOP) 200-day simple moving average is 94.17, creating a Sell signal.

Shopify (SHOP) Technical Indicators

Jul 21, 2024, 06:44 PM
Name
Value
Implied Action
RSI (14)
47.90
Neutral
STOCH (9,6)
20.06
Neutral
STOCHRSI (14)
38.84
Neutral
MACD (12,26)
0.71
Buy
ADX (14)
19.98
Buy
Williams %R
-69.22
Buy
CCI (14)
-52.87
Neutral
ATR (14)
2.21
-
Ultimate Oscillator
49.11
Neutral
ROC
-0.63
Sell
Shopify’s (SHOP) Relative Strength Index (RSI) is 47.90, creating a Neutral signal.
Shopify’s (SHOP) Trend Strength Indicator (ADX) is 19.98, creating a Buy signal.
Shopify’s (SHOP) Commodity Channel Index (CCI) is -52.87, creating a Neutral signal.
Shopify’s (SHOP) Price Rate of Change (ROC) is -0.63, 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 47.90, which suggests SHOP is a Neutral.
      What is SHOP’s MACD?
      SHOP’s MACD is 0.71, which suggests SHOP is a Buy.
        What is SHOP’s 5-day moving average?
        SHOP’s 5-day moving average is 89.79, which suggests SHOP is a Sell.
          What is SHOP’s 20-day moving average?
          SHOP 20-day moving average is 89.96, which suggests SHOP is a Sell.
            What is SHOP’s 50-day moving average?
            SHOP’s 50-day moving average is 86.90, which suggests SHOP is a Buy.
              What is SHOP’s 200-day moving average?
              SHOP’s 200-day moving average is 94.17, which suggests SHOP is a Sell.
                What is SHOP’s Williams % R (14)?
                SHOP’s Williams % R (14) is -69.22, which suggests SHOP is a Buy.
                  What is SHOP’s CCI (14)?
                  SHOP’s CCI (14) is -52.87, which suggests SHOP is a Neutral.
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