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Shopify (SHOP)
NYSE:SHOP

Shopify (SHOP) Technical Analysis

17,567 Followers

Technical Sentiment

Overall Consensus
Sell
6Bullish
6Neutral
10Bearish
Technical Analysis Consensus
Neutral
2Bullish
6Neutral
2Bearish
Moving Average Consensus
Sell
4Bullish
0Neutral
8Bearish
Shopify’s (SHOP) Moving Averages Convergence Divergence (MACD) indicator is -3.26, suggesting Shopify is a Sell.
Shopify’s (SHOP) 20-Day exponential moving average is 61.18, while Shopify’s (SHOP) share price is $59.15, making it a Sell.
Shopify’s (SHOP) 50-Day exponential moving average is 66.59, while Shopify’s (SHOP) share price is $59.15, making it a Sell.

Shopify (SHOP) Pivot Points

Jun 01, 2024, 06:34 PM
Name
S3
S2
S1
Pivot Points
R1
R2
R3
Classic
57.17
57.54
58.04
58.41
58.91
59.28
59.78
Fibonacci
57.54
57.87
58.08
58.41
58.74
58.95
59.28
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

Jun 01, 2024, 06:34 PM
Period
Simple
Exponential
MA5
58.24Buy
58.54Buy
MA10
58.20Buy
58.91Buy
MA20
61.42Sell
61.18Sell
MA50
68.68Sell
66.59Sell
MA100
74.11Sell
69.60Sell
MA200
68.36Sell
67.25Sell
Shopify’s (SHOP) 10-Day exponential moving average is 58.91, while Shopify’s (SHOP) share price is $59.15, making it a Buy.
Shopify’s (SHOP) 100-Day exponential moving average is 69.60, while Shopify’s (SHOP) share price is $59.15, making it a Sell.
Shopify’s (SHOP) stock price is $59.15 and Shopify’s (SHOP) 50-day simple moving average is 68.68, creating a Sell signal.
Shopify’s (SHOP) stock price is $59.15 and Shopify’s (SHOP) 100-day simple moving average is 74.11, creating a Sell signal.
Shopify’s (SHOP) stock price is $59.15 and Shopify’s (SHOP) 200-day simple moving average is 68.36, creating a Sell signal.

Shopify (SHOP) Technical Indicators

Jun 01, 2024, 06:34 PM
Name
Value
Implied Action
RSI (14)
39.24
Neutral
STOCH (9,6)
62.54
Neutral
STOCHRSI (14)
45.64
Neutral
MACD (12,26)
-3.26
Sell
ADX (14)
31.72
Neutral
Williams %R
-25.26
Buy
CCI (14)
-39.45
Neutral
ATR (14)
2.28
-
Ultimate Oscillator
55.67
Neutral
ROC
0.36
Buy
Shopify’s (SHOP) Relative Strength Index (RSI) is 39.24, creating a Neutral signal.
Shopify’s (SHOP) Trend Strength Indicator (ADX) is 31.72, creating a Neutral signal.
Shopify’s (SHOP) Commodity Channel Index (CCI) is -39.45, creating a Neutral signal.
Shopify’s (SHOP) Price Rate of Change (ROC) is 0.36, creating a Buy 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 39.24, which suggests SHOP is a Neutral.
      What is SHOP’s MACD?
      SHOP’s MACD is -3.26, which suggests SHOP is a Sell.
        What is SHOP’s 5-day moving average?
        SHOP’s 5-day moving average is 58.24, which suggests SHOP is a Buy.
          What is SHOP’s 20-day moving average?
          SHOP 20-day moving average is 61.42, which suggests SHOP is a Sell.
            What is SHOP’s 50-day moving average?
            SHOP’s 50-day moving average is 68.68, which suggests SHOP is a Sell.
              What is SHOP’s 200-day moving average?
              SHOP’s 200-day moving average is 68.36, which suggests SHOP is a Sell.
                What is SHOP’s Williams % R (14)?
                SHOP’s Williams % R (14) is -25.26, which suggests SHOP is a Buy.
                  What is SHOP’s CCI (14)?
                  SHOP’s CCI (14) is -39.45, which suggests SHOP is a Neutral.
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