SHOPIFY

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	SHOP
ISIN:	CA82509L1076

SHOPIFY - Daily - Technical analysis published on 10/16/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

44%

17%

39%

My opinion

Bullish above 75.72 USD

My targets

85.57 USD (+4.45%)

90.72 USD (+10.73%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SHOPIFY as long as the price remains well above 75.72 USD. The buyers' bullish objective is set at 85.57 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 90.72 USD. If there is any crossing, the next objective would be the resistance located at 131.49 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Qaisali123. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The SHOPIFY rating is 81.93 USD. The price is lower by -2.09% since the last closing with the lowest point at 80.46 USD and the highest point at 83.77 USD. The deviation from the price is +1.83% for the low point and -2.20% for the high point.

80.46

83.77

81.93

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of SHOPIFY in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Black evening star

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	56.97	70.37	73.58	81.93	90.72	131.49	147.40
Change (%)	-30.47%	-14.11%	-10.19%	-	+10.73%	+60.49%	+79.91%
Change	-24.96	-11.56	-8.35	-	+8.79	+49.56	+65.47
Level	Minor	Major	Major	-	Major	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	77.03	78.74	80.34	82.05	83.65	85.36	86.96
Camarilla	81.02	81.32	81.63	81.93	82.23	82.54	82.84
Woodie	76.97	78.71	80.28	82.02	83.59	85.33	86.90
Fibonacci	78.74	80.01	80.79	82.05	83.32	84.10	85.36

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	77.06	78.68	80.96	82.58	84.86	86.48	88.76
Camarilla	82.17	82.53	82.88	83.24	83.60	83.96	84.31
Woodie	77.39	78.85	81.29	82.75	85.19	86.65	89.09
Fibonacci	78.68	80.17	81.09	82.58	84.07	84.99	86.48

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	54.99	60.43	70.28	75.72	85.57	91.01	100.86
Camarilla	75.94	77.34	78.74	80.14	81.54	82.94	84.35
Woodie	57.21	61.53	72.50	76.82	87.79	92.11	103.08
Fibonacci	60.43	66.27	69.88	75.72	81.56	85.17	91.01

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	59.35
MACD (12,26,9):	2.5600
Directional Movement:	8.18
AROON (14):	50.00
DEMA (21):	83.47
Parabolic SAR (0,02-0,02-0,2):	79.68
Elder Ray (13):	0.81
Super Trend (3,10):	76.97
Zig ZAG (10):	81.93
VORTEX (21):	1.1100
Stochastique (14,3,5):	79.47
TEMA (21):	83.80
Williams %R (14):	-36.53
Chande Momentum Oscillator (20):	2.72
Repulse (5,40,3):	-0.4700
ROCnROLL:	1
TRIX (15,9):	0.5000
Courbe Coppock:	9.56

MA7:	82.63
MA20:	80.45
MA50:	74.97
MA100:	68.82
MAexp7:	82.33
MAexp20:	80.00
MAexp50:	75.54
MAexp100:	72.25
Price / MA7:	-0.85%
Price / MA20:	+1.84%
Price / MA50:	+9.28%
Price / MA100:	+19.05%
Price / MAexp7:	-0.49%
Price / MAexp20:	+2.41%
Price / MAexp50:	+8.46%
Price / MAexp100:	+13.40%

Quotes : - 15 min delayed data - NYSE Stocks

News

Don't forget to follow the news on SHOPIFY. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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