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Shopify (TSE:SHOP)
TSX:SHOP

Shopify (SHOP) Technical Analysis

1,673 Followers

Summary of all the Indicators

Overall Consensus
Sell
6Bullish
1Neutral
15Bearish
Technical Analysis Consensus
Buy
6Bullish
1Neutral
3Bearish
Moving Average Consensus
Strong Sell
0Bullish
0Neutral
12Bearish
Shopify’s (SHOP) Moving Averages Convergence Divergence (MACD) indicator is -5.45, suggesting Shopify is a Buy.
Shopify’s (SHOP) 20-Day exponential moving average is 90.50, while Shopify’s (SHOP) share price is C$79.63, making it a Sell.
Shopify’s (SHOP) 50-Day exponential moving average is 96.41, while Shopify’s (SHOP) share price is C$79.63, making it a Sell.

Shopify (SHOP) Pivot Points

May 17, 2024, 10:52 PM
Name
S3
S2
S1
Pivot Points
R1
R2
R3
Classic
77.63
78.61
79.30
80.28
80.97
81.95
82.64
Fibonacci
78.61
79.25
79.65
80.28
80.92
81.32
81.95
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 17, 2024, 10:52 PM
Period
Simple
Exponential
MA5
79.76Sell
81.27Sell
MA10
88.36Sell
85.56Sell
MA20
93.05Sell
90.50Sell
MA50
98.78Sell
96.41Sell
MA100
102.76Sell
97.97Sell
MA200
92.83Sell
92.63Sell
Shopify’s (SHOP) 10-Day exponential moving average is 85.56, while Shopify’s (SHOP) share price is C$79.63, making it a Sell.
Shopify’s (SHOP) 100-Day exponential moving average is 97.97, while Shopify’s (SHOP) share price is C$79.63, making it a Sell.
Shopify’s (SHOP) stock price is C$79.63 and Shopify’s (SHOP) 50-day simple moving average is 98.78, creating a Sell signal.
Shopify’s (SHOP) stock price is C$79.63 and Shopify’s (SHOP) 100-day simple moving average is 102.76, creating a Sell signal.
Shopify’s (SHOP) stock price is C$79.63 and Shopify’s (SHOP) 200-day simple moving average is 92.83, creating a Sell signal.

Shopify (SHOP) Technical Indicators

May 17, 2024, 10:52 PM
Name
Value
Implied Action
RSI (14)
27.93
Buy
STOCH (9,6)
5.72
Buy
STOCHRSI (14)
5.72
Buy
MACD (12,26)
-5.45
Buy
ADX (14)
26.63
Neutral
Williams %R
-96.26
Buy
CCI (14)
-116.71
Buy
ATR (14)
4.04
-
Ultimate Oscillator
25.17
Sell
ROC
-19.23
Sell
Shopify’s (SHOP) Relative Strength Index (RSI) is 27.93, creating a Buy signal.
Shopify’s (SHOP) Trend Strength Indicator (ADX) is 26.63, creating a Neutral signal.
Shopify’s (SHOP) Commodity Channel Index (CCI) is -116.71, creating a Buy signal.
Shopify’s (SHOP) Price Rate of Change (ROC) is -19.23, 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 27.93, which suggests SHOP is a Buy.
      What is SHOP’s MACD?
      SHOP’s MACD is -5.45, which suggests SHOP is a Buy.
        What is SHOP’s 5-day moving average?
        SHOP’s 5-day moving average is 79.76, which suggests SHOP is a Sell.
          What is SHOP’s 20-day moving average?
          SHOP 20-day moving average is 93.05, which suggests SHOP is a Sell.
            What is SHOP’s 50-day moving average?
            SHOP’s 50-day moving average is 98.78, which suggests SHOP is a Sell.
              What is SHOP’s 200-day moving average?
              SHOP’s 200-day moving average is 92.83, which suggests SHOP is a Sell.
                What is SHOP’s Williams % R (14)?
                SHOP’s Williams % R (14) is -96.26, which suggests SHOP is a Buy.
                  What is SHOP’s CCI (14)?
                  SHOP’s CCI (14) is -116.71, which suggests SHOP is a Buy.
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