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

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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 11.46, suggesting Shopify is a Sell.
Shopify’s (SHOP) 20-Day exponential moving average is 144.41, while Shopify’s (SHOP) share price is C$161.84, making it a Buy.
Shopify’s (SHOP) 50-Day exponential moving average is 127.88, while Shopify’s (SHOP) share price is C$161.84, making it a Buy.

Shopify (SHOP) Pivot Points

Jan 03, 2025, 12:04 AM
Name
S3
S2
S1
Pivot Points
R1
R2
R3
Classic
156.30
156.93
157.60
158.23
158.90
159.53
160.20
Fibonacci
156.93
157.43
157.73
158.23
158.73
159.03
159.53
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

Jan 03, 2025, 12:04 AM
Period
Simple
Exponential
MA5
158.17Buy
157.79Buy
MA10
152.90Buy
153.34Buy
MA20
142.37Buy
144.41Buy
MA50
123.23Buy
127.88Buy
MA100
108.18Buy
115.64Buy
MA200
101.55Buy
108.37Buy
Shopify’s (SHOP) 10-Day exponential moving average is 153.34, while Shopify’s (SHOP) share price is C$161.84, making it a Buy.
Shopify’s (SHOP) 100-Day exponential moving average is 115.64, while Shopify’s (SHOP) share price is C$161.84, making it a Buy.
Shopify’s (SHOP) stock price is C$161.84 and Shopify’s (SHOP) 50-day simple moving average is 123.23, creating a Buy signal.
Shopify’s (SHOP) stock price is C$161.84 and Shopify’s (SHOP) 100-day simple moving average is 108.18, creating a Buy signal.
Shopify’s (SHOP) stock price is C$161.84 and Shopify’s (SHOP) 200-day simple moving average is 101.55, creating a Buy signal.

Shopify (SHOP) Technical Indicators

Jan 03, 2025, 12:04 AM
Name
Value
Implied Action
RSI (14)
77.23
Sell
STOCH (9,6)
88.74
Sell
STOCHRSI (14)
91.74
Sell
MACD (12,26)
11.46
Sell
ADX (14)
52.27
Sell
Williams %R
-5.98
Sell
CCI (14)
80.76
Neutral
ATR (14)
5.23
-
Ultimate Oscillator
69.49
Neutral
ROC
29.09
Buy
Shopify’s (SHOP) Relative Strength Index (RSI) is 77.23, creating a Sell signal.
Shopify’s (SHOP) Trend Strength Indicator (ADX) is 52.27, creating a Sell signal.
Shopify’s (SHOP) Commodity Channel Index (CCI) is 80.76, creating a Neutral signal.
Shopify’s (SHOP) Price Rate of Change (ROC) is 29.09, 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 77.23, which suggests SHOP is a Sell.
      What is SHOP’s MACD?
      SHOP’s MACD is 11.46, which suggests SHOP is a Sell.
        What is SHOP’s 5-day moving average?
        SHOP’s 5-day moving average is 158.17, which suggests SHOP is a Buy.
          What is SHOP’s 20-day moving average?
          SHOP 20-day moving average is 142.37, which suggests SHOP is a Buy.
            What is SHOP’s 50-day moving average?
            SHOP’s 50-day moving average is 123.23, which suggests SHOP is a Buy.
              What is SHOP’s 200-day moving average?
              SHOP’s 200-day moving average is 101.55, which suggests SHOP is a Buy.
                What is SHOP’s Williams % R (14)?
                SHOP’s Williams % R (14) is -5.98, which suggests SHOP is a Sell.
                  What is SHOP’s CCI (14)?
                  SHOP’s CCI (14) is 80.76, which suggests SHOP is a Neutral.
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