$SHOP Short to range downsideNYSE:SHOP Short to range downside. Going with immediate downside pressure here although in a range. Good RR
SHOPD trade ideas
Investment Opportunity SHOPWe can see a reaction of the price on the market shift and on the Supply which initiated this market shift, after that we can see a distribution of orders with double break of structure.
We can expect the price to reach 56$ and continue downside.
SHOP 🐂 Bullish Potential Outlook 🐂Holding SHOP 80C 3/28 @1.95 since 3/14, I'll update this with how it goes
I feel like the chart is straight forward, also my first chart in a long time
Will also do Higher time frame analysis and post it
Timeframes Used: The 15/30 min, 4hr, 5 Day
Above is the 30 minute time frame in which you can see the Bull flag aswelll as the rounding base forming
SHOP LEVELS
0.618 Extension: $85.58 (+11%) // 220%|$430
0.236 Retracement: $96.50 (+25%) // 753%%|$1,468
1 Extension: $93.58 (+21%) // 604%|$1,179
-0.236 Retracement: $96.50 (+25%) // 753%%|$1,468
At $100 (+30%) // 932%|$1,818
1.272 Extension: $99.28 (+29%) // 895%|$1,746
1.382 Extension: $101.58 (+29%) // 1013%|$1,975
-0.618 Retracement: $104.50(+35%) // 1163%|$2,267
1.618 Extension: $106.52 (+38%) // 1,266%|$2,469
-1.272 Retracement: $118.20(+29%) // 895%|$1,746
1.618 fib Retracement: $125.44 (+63%) // 2,237%|$4,361
Just some fun levels lmao, I'll be happy w any profit obvi this is all speculation,
PnL based off of optionstrat.com ]Option Strat
Technical Indicators
- Stochastic Oscillator left the overbought zone on March 14, 2024
- Entered Uptrend as Momentum indicator ascends above 0 level on Mar 13, 2024
- MACD Histogram turned positive on March 13, 2024
idk its funny if it works tho lol, Buy time or shares
SHOP hitting cluster support soon? 🔭I could see a short term dip to SMA-trend support levels below.. nice cluster support there.
After that bulls should take control and take it to my targets at 90-118 🎯
last chart from me today, boost and follow for more ❤️🔥 see you soon hopefully
SHOP charted for 19MarI mainly like SHOP to the upside but I do have downside targets marked. As always, tomorrow's open will tell us what we need to know for direction.
$SHOP Bullflagging in an UptrendNYSE:SHOP looks pretty good here. It seems to be bull flagging (teal channel) in a solid uptrend both on a shorter term (green channel) and longer term (purple channel) view. Looks like a solid buy here for a continuation higher.
Target 1: 88 (resistance of red downtrend channel from ATH)
Target 2: 105 (resistance of green uptrend channel from Nov. low)
Target 3: 128 (horizontal resistance)
SHOP immediately long!Thank you as always for watching my video. I hope you learned something educational!
SHOP - Back to bullish after correction - BullishNYSE:SHOP
-Positive trend and following trendlines
-Exceptions on Octobers (different low trendline)
-Just did a correction and filled a vector
-Already hit the 50EMA in the daily timeframe, and very close to hitting the 800EMA in the hourly timeframe
-A huge gap ~85.5 to be filled, and possible higher targets
-Stop loss slightly lower than ~70 (as it means it broke the strong support)
The fun part with this trade is low risk (only ~4% loss with possibly ~18% profit)
*Not Financial Advice*
SHOP - Do you believe in Cup & Handles? SHOP made a beautiful good ol’ Cup & Handle pattern and breaking out of it .
I’ve a sizable position already from the lows.
It’s already 2x from the bottom and has potential for 2x more from here.
If market conditions favors the growth names , we can see 2x soon.
70 level acting as support here.
45 would been optimal entry but if you are going long here , have a tight stop around 70.
Target #1 - 98
Target #2 - 120
Target #3 - 150; Won’t be an easy target, can shakeout here.
SHOP 3d Chart, 2024 Q1-Q2Looking at SHOP, retesting it's previous resistance area. If this market continues on the current upswing, I am expecting this to make up for lost time. Great accumulation from April '22 bottom, looks prime to go off. Let's see.
Jade Lizard Trade for 4/5 ExpirationNYSE:SHOP Jade Lizard Trade
+1 $83 call 4/5
-1 $82 call 4/5
-{current share price $76.24}-
-1 $70 put 4/5
~$230 credit.
OUTCOMES :
1) If, @ expiration, share price is > $83, then PROFIT = ~$130, (buy to close credit spread).
2) If, @ expiration, share price is between $70 - $82, then MAX PROFIT = ~$230.
3) If, @ expiration, share price is < $70, then assigned to buy 100 shares. Sell calls until assigned.
Shopify Analysis: Riding the Bullish WaveAlright, let's break down Shopify's stock journey in a way that's easy to understand. Imagine Shopify's stock as a surfer riding waves in the market ocean.
First off, we have the "wholesale zone" where Shopify typically trades during the week. Think of this as the calm waters where the surfer starts paddling, ranging from $42 to $52. It's like the surfer getting ready for the big wave.
Now, let's talk about support and resistance. These are like safety nets and hurdles for our surfer. Right now, Shopify has a solid support area between $71 and $78. This is like a sturdy surfboard helping our surfer stay afloat.
On the flip side, we have resistance, which is like big waves that our surfer needs to overcome. Currently, Shopify is facing some resistance between $159 and $175. But hey, every wave conquered means more thrill and potential for our surfer!
Basically Shopify is looking pretty optimistic for investors, especially if it stays above $53 and $80. It's like our surfer catching some awesome waves and riding high in the market ocean! Now.... ROCKKKK OOUUUTTTT
shop turbulence fixed ?? :)Analysts at Citi raised their price target on Shopify to $96, up from its previous level of $87
Shopify Price Target Raised to US$100 at CIBC
Barclays analyst Trevor Young maintains Shopify Equal-Weight and raises the price target from $53 to $70.
Wells Fargo Adjusts Price Target on Shopify to $90 From $70, Maintains Overweight Rating
Oppenheimer Raises Shopify's Price Target to $90 From $80, Maintains Outperform Rating
Deutsche Bank Raises Shopify's Price Target to $95 From $85, Maintains Buy Rating
This is for potential buy back:
Wells Fargo analyst Andrew Bauch reaffirmed his overweight rating on the e-commerce services stock while lifting the price target from $80 to $90 per share. In a note to clients, Bauch said that a robust holiday shopping season was already baked into Shopify's stock price. In order to go higher from here, he's looking for product updates and long-lasting profit margin improvements.
Management has been focusing on profitability, a strategy that has been paying off. In Q3, Shopify delivered its fourth consecutive quarter of positive free cash flow and has generated a profit in two of the past three quarters.
Shopify’s fourth-quarter 2023 results are expected to have benefited from investments in developing the best solutions for modern e-commerce. These are expected to have helped it expand its merchant base.
I expect shop to test the sell off at these levels.
target 120-138 after earnings 2-3 months into next quarter.
SHOP solid growth and strength into earningsOn the 4H chart SHOP has been trending up since last fall when it fell through the high volume
area and then rebounded crossing through it and rebounding. Earnings have been solid beats
for over a year. Volume is persistent and steady while the relative strength rising from a bounce
down to the 50 level to begin this month. This is a solid earnings play but also could be
a long term investment but not until there is another dip or minor correction to set up for
a low risk entry. Last earnings gave SHOP about $10-12 in a quick price pop. I am looking
for something in the range of $6-8 higher as a conservative target
Shopify Q4 revenue tops Street estimatesShopify ( NYSE:SHOP ), the Canadian e-commerce giant, recently reported its fourth-quarter earnings, causing a stir in the market. While the company surpassed expectations in terms of earnings and revenue, its guidance for the upcoming quarter fell short, triggering a significant dip in its stock price. Let's delve deeper into what these results mean for investors and Shopify's future trajectory.
Strong Q4 Performance:
Shopify's ( NYSE:SHOP ) fourth-quarter results showcased impressive performance, with earnings per share reaching 34 cents adjusted, surpassing analysts' expectations by 3 cents. Revenue also exceeded forecasts, totaling $2.14 billion, fueled by a remarkable increase in gross merchandise volume (GMV) to $75.1 billion, a 23% rise from the previous year. This robust performance was primarily attributed to the surge in products sold on its platform, highlighting Shopify's continued relevance and dominance in the e-commerce landscape.
Guidance Woes:
Despite the stellar fourth-quarter results, investors were disheartened by Shopify's ( NYSE:SHOP ) conservative guidance for the first quarter. The company's projection of a "low-twenties percentage rate" revenue growth, coupled with a free cash flow margin expected to be in the high single digits, fell short of market expectations. Notably, Shopify's forecasted adjusted operating income of $178 million starkly contrasts with consensus estimates of $382 million, painting a picture of cautious optimism amidst market uncertainties.
Market Response:
The market response to Shopify's ( NYSE:SHOP ) guidance was swift and unforgiving. The company's shares tumbled approximately 10% in early trading following the earnings release, reflecting investor concerns over the gap between projected and anticipated performance metrics. Analysts from Wedbush emphasized Shopify's subdued outlook, highlighting the disparity between projected operating income and consensus estimates. This sentiment was echoed by the broader market, with many investors adopting a wait-and-see approach amidst lingering uncertainty.
Future Prospects:
Despite the short-term market turbulence, Shopify ( NYSE:SHOP ) remains well-positioned to capitalize on the burgeoning e-commerce landscape. The company's relentless focus on innovation and expanding its product offerings underscores its long-term growth potential. Additionally, Shopify's strategic divestiture of its logistics business signifies a commitment to streamlining operations and maximizing shareholder value. As the global economy continues to recover from the impacts of the pandemic, Shopify's ( NYSE:SHOP ) resilient business model and unwavering commitment to customer-centricity are poised to drive sustainable growth in the years to come.
Conclusion:
Shopify's fourth-quarter earnings report elicited mixed reactions from investors, with strong performance overshadowed by conservative guidance for the upcoming quarter. While short-term market fluctuations may unsettle some stakeholders, Shopify's robust fundamentals and strategic initiatives signal a promising future ahead. As the e-commerce landscape evolves, Shopify ( NYSE:SHOP ) remains a stalwart player, poised to capitalize on emerging opportunities and deliver long-term value to shareholders.
Shopify going higherShopify is driven by optimism this week and we are seeing price push higher and higher within the 20SMA area. There is also optimism in the US indices so to me all lights look green.... My target is at 95.00
Navigating the Melody of Shopify: A Symphony of Bullish ProspectAs e-commerce continues to shape the retail landscape, Shopify (NYSE: NYSE:SHOP ) emerges as a key player, catching the attention of investors with a crescendo of positive indicators and cautious notes. Let's delve into the harmonious symphony that surrounds Shopify's recent performance.
1. A Harmonious Prelude: Bullish Analyst Report
The stage is set with Wells Fargo analyst Andrew Bauch reaffirming an overweight rating on Shopify, echoing confidence in the company's growth potential. Bauch's upward revision of the price target from $80 to $90 per share suggests a bullish outlook, inviting investors to join the melody of optimism.
2. Crescendo of Holiday Cheer: Stellar Performance in Shopping Season
The sound of success resonates as Shopify's stock experiences a 67% surge in the last three months, fueled by a robust holiday shopping season. The company's impressive $9.3 billion in Black Friday/Cyber Monday sales strikes a chord, providing a strong prelude to what investors hope will be a resounding fourth-quarter report.
3. Anticipation Builds: Overture to the Earnings Report
The anticipation crescendos as investors eagerly await Shopify's fourth-quarter report scheduled for February 13. The positive momentum from the holiday season sets the stage for potential revelations about the company's financial health and growth trajectory. The earnings report promises to be a defining movement in the Shopify symphony.
4. Technical Dynamics: A Rising Trend Channel
The technical score unveils a rising trend channel in the medium to long term, a melody of positive investor sentiment and confidence. However, the cautionary notes underscore the importance of monitoring the support level at $79.52, introducing a nuanced counterpoint to the upbeat tune.
Conclusion:
As the symphony of Shopify plays on, investors find themselves at a crossroads, balancing the uplifting melodies of positive indicators with the sobering cautionary notes. The upcoming earnings report is poised to be a pivotal movement, shaping the narrative of Shopify's journey. In this complex composition, finding harmony involves staying attuned to both the highs and lows, navigating the melody with a discerning ear, and appreciating the nuanced dynamics that contribute to the overall performance of this e-commerce virtuoso.
Shopify Short Position - ideaThis is my idea on shorting Shopify.
By looking back at Shopify chart, every Gap present in the chart created by slippage etc.. has always been closed.
The "pattern" follows that one that i use for Forex as well, it first targeted a gap created on the 16th Feb 2022, closed it, and is now aiming for the nearest one (which is the only still open).
The idea behind the trade is shorting 2 days before the Revenues report happen, I've seen that price cyclically drop and raises on revenue reports regardless of the positive or negative surprise, this might be influenced by Revenues + Buy backs of the company itself.
The next Revenue report will happen on the 14th of February 2024.
Shopify Key Area - 200 SMA ResistanceI don't want it to be true sooo hoping I'm wrong here... Shopify looks to be entering a short term bearish area.
Still long Shopify overall, think there's nowhere but up for them in the longer term. They've introduced new features for storeowners allowing for capital lending and more so acting like a bank as well as overall improvements to store owners and continued good support. I still believe they are the front runner out of any other shop ecommerce site.
Shop price is currently right below the 200 SMA. Needs to break this level soon, price has already gone through the 50 and 100 sma so we could see a continuation.
chaikin oscillator has divergence from price movement, didn't make a newer high
stochastic oscillator showing overbought
DMI shows weak trend strength, but +DI of 29 is still bullish
ADL diverted from price movement
PVT volume was in line with price movement
CCI, OBV, ROC, and CMF all divergent from recent price movement as well make me think a possible weakening trend strength in the short term.
