SHOPIFY - Daily - Technical analysis published on 06/27/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 265.10 USD
My targets
304.21 USD (+2.94%)
328.01 USD (+10.99%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on SHOPIFY. As long as you are above the support located at 265.10 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 304.21 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 328.01 USD as an objective. If the support 265.10 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SHOPIFY price is 295.53 USD. On the day, this instrument gained +2.25% and was between 289.50 USD and 297.89 USD. This implies that the price is at +2.08% from its lowest and at -0.79% from its highest.289.50
297.89
295.53
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SHOPIFY:
Technical
Technical analysis of this Daily chart of SHOPIFY indicates that the overall trend is bullish. 75% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 4 are bullish, 7 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bullish harami
Type : Bullish
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 173.68 | 208.23 | 265.10 | 295.53 | 304.21 | 328.01 |
| Change (%) | -41.23% | -29.54% | -10.30% | - | +2.94% | +10.99% |
| Change | -121.85 | -87.30 | -30.43 | - | +8.68 | +32.48 |
| Level | Major | Intermediate | Major | - | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 268.14 | 274.92 | 281.97 | 288.75 | 295.80 | 302.58 | 309.63 |
| Camarilla | 285.23 | 286.49 | 287.76 | 289.03 | 290.30 | 291.57 | 292.83 |
| Woodie | 268.29 | 274.99 | 282.11 | 288.82 | 295.95 | 302.65 | 309.77 |
| Fibonacci | 274.92 | 280.20 | 283.46 | 288.75 | 294.03 | 297.29 | 302.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 269.98 | 286.19 | 306.52 | 322.73 | 343.06 | 359.27 | 379.60 |
| Camarilla | 316.80 | 320.15 | 323.50 | 326.85 | 330.20 | 333.55 | 336.90 |
| Woodie | 272.04 | 287.22 | 308.58 | 323.76 | 345.12 | 360.30 | 381.66 |
| Fibonacci | 286.19 | 300.15 | 308.77 | 322.73 | 336.69 | 345.31 | 359.27 |
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): | 51.69 | |
| MACD (12,26,9): | 8.6600 | |
| Directional Movement: | -0.77 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 312.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 335.55 | |
| Elder Ray (13): | -8.47 | |
| Super Trend (3,10): | 328.56 | |
| Zig ZAG (10): | 295.91 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 13.79 | |
| TEMA (21): | 307.12 | |
| Williams %R (14): | -77.62 | |
| Chande Momentum Oscillator (20): | -12.40 | |
| Repulse (5,40,3): | -3.8700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.6700 | |
| Courbe Coppock: | 9.49 |
| MA7: | 308.97 | |
| MA20: | 300.91 | |
| MA50: | 272.44 | |
| MA100: | 233.21 | |
| MAexp7: | 301.44 | |
| MAexp20: | 298.29 | |
| MAexp50: | 274.32 | |
| MAexp100: | 243.11 | |
| Price / MA7: | -4.35% | |
| Price / MA20: | -1.79% | |
| Price / MA50: | +8.48% | |
| Price / MA100: | +26.72% | |
| Price / MAexp7: | -1.96% | |
| Price / MAexp20: | -0.93% | |
| Price / MAexp50: | +7.73% | |
| Price / MAexp100: | +21.56% |
News
The last news published on SHOPIFY at the time of the generation of this analysis was as follows:
- Nearly 1,000 Large Shopify Merchants Favor Nosto’s Personalization Platform
- ParcelPal Begins Integration on Shopify Platform for Cannabis Delivery
- Shopify Announces Fourth-Quarter and Full Year 2018 Financial Results
- Shogun to Join Shopify Plus Technology Partner Program, Providing Drag-and-Drop Landing Page Builder to Enterprise Merchants
- NexTech Launches Ecommerce AR Solution for Shopify, Magento & WordPress -- CFN Media
This member declared not having a position on this financial instrument or a related financial instrument.
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