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Shopify (SHOP)
NYSE:SHOP

Shopify (SHOP) Technical Analysis

17,536 Followers

Technical Sentiment

Overall Consensus
Sell
5Bullish
5Neutral
12Bearish
Technical Analysis Consensus
Sell
2Bullish
5Neutral
3Bearish
Moving Average Consensus
Strong Sell
3Bullish
0Neutral
9Bearish
Shopify’s (SHOP) Moving Averages Convergence Divergence (MACD) indicator is -3.71, suggesting Shopify is a Sell.
Shopify’s (SHOP) 20-Day exponential moving average is 61.69, while Shopify’s (SHOP) share price is $58.54, making it a Sell.
Shopify’s (SHOP) 50-Day exponential moving average is 67.24, while Shopify’s (SHOP) share price is $58.54, making it a Sell.

Shopify (SHOP) Pivot Points

May 31, 2024, 01:00 AM
Name
S3
S2
S1
Pivot Points
R1
R2
R3
Classic
55.02
55.66
56.93
57.57
58.84
59.48
60.75
Fibonacci
55.66
56.39
56.84
57.57
58.30
58.75
59.48
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 31, 2024, 01:00 AM
Period
Simple
Exponential
MA5
57.97Buy
58.08Buy
MA10
58.09Buy
58.93Sell
MA20
62.66Sell
61.69Sell
MA50
69.50Sell
67.24Sell
MA100
74.45Sell
70.03Sell
MA200
68.33Sell
67.45Sell
Shopify’s (SHOP) 10-Day exponential moving average is 58.93, while Shopify’s (SHOP) share price is $58.54, making it a Sell.
Shopify’s (SHOP) 100-Day exponential moving average is 70.03, while Shopify’s (SHOP) share price is $58.54, making it a Sell.
Shopify’s (SHOP) stock price is $58.54 and Shopify’s (SHOP) 50-day simple moving average is 69.50, creating a Sell signal.
Shopify’s (SHOP) stock price is $58.54 and Shopify’s (SHOP) 100-day simple moving average is 74.45, creating a Sell signal.
Shopify’s (SHOP) stock price is $58.54 and Shopify’s (SHOP) 200-day simple moving average is 68.33, creating a Sell signal.

Shopify (SHOP) Technical Indicators

May 31, 2024, 01:00 AM
Name
Value
Implied Action
RSI (14)
36.56
Neutral
STOCH (9,6)
35.19
Neutral
STOCHRSI (14)
17.21
Buy
MACD (12,26)
-3.71
Sell
ADX (14)
31.44
Neutral
Williams %R
-72.50
Buy
CCI (14)
-54.37
Neutral
ATR (14)
2.45
-
Ultimate Oscillator
44.06
Neutral
ROC
-6.95
Sell
Shopify’s (SHOP) Relative Strength Index (RSI) is 36.56, creating a Neutral signal.
Shopify’s (SHOP) Trend Strength Indicator (ADX) is 31.44, creating a Neutral signal.
Shopify’s (SHOP) Commodity Channel Index (CCI) is -54.37, creating a Neutral signal.
Shopify’s (SHOP) Price Rate of Change (ROC) is -6.95, 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 36.56, which suggests SHOP is a Neutral.
      What is SHOP’s MACD?
      SHOP’s MACD is -3.71, which suggests SHOP is a Sell.
        What is SHOP’s 5-day moving average?
        SHOP’s 5-day moving average is 57.97, which suggests SHOP is a Buy.
          What is SHOP’s 20-day moving average?
          SHOP 20-day moving average is 62.66, which suggests SHOP is a Sell.
            What is SHOP’s 50-day moving average?
            SHOP’s 50-day moving average is 69.50, which suggests SHOP is a Sell.
              What is SHOP’s 200-day moving average?
              SHOP’s 200-day moving average is 68.33, which suggests SHOP is a Sell.
                What is SHOP’s Williams % R (14)?
                SHOP’s Williams % R (14) is -72.50, which suggests SHOP is a Buy.
                  What is SHOP’s CCI (14)?
                  SHOP’s CCI (14) is -54.37, which suggests SHOP is a Neutral.
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