How far can the SHOP Rocket FLY?follow trends because once they start to break on the downside, those gaps will start to close quickly. Price targets are marked Longer term chart, but something says it won't be long before we see some movement. good luck -nLongby nicktussing77Published 221
$SHOP: Nice break of 80Shopify seems poised for more upside following this break of 80. We'll be watching to see if we get more follow throughLongby Fox_TechnicalsPublished 0
SHOP at the 200 SMA on weekly - resistanceI love SHOP. It's really fun to trade. Right now at the 200 weekly SMA and let's see if we get over. Longby LiathetraderPublished 2
Bullish on $SHOPNYSE:SHOP Shopify Inc. ( NYSE:SHOP ) is currently experiencing a bullish momentum in the market, with its recent breakthrough of the $68 resistance level. This surge in price action has captured the attention of investors and analysts, as the stock is now targeting the next major price point at $89 (Will be taking partial profit at this level) and ultimately aiming for $150 price point. The upward trend in Shopify's stock performance can be attributed to several factors, including the company's strong market presence and innovative approach to e-commerce solutions. As the digital landscape continues to evolve, Shopify has consistently demonstrated its ability to adapt and capitalize on emerging trends, making it an attractive option for investors seeking growth opportunities. The recent financial results have showcased Shopify's robust revenue growth and strong market positioning. These factors have contributed to the bullish sentiment surrounding the stock, as investors anticipate further growth and potential price appreciation in the near future. Longby EgideSimbaPublished 666
SHOP long term profit ?SHOP long term profit ? Cup & Handle pattern + Above the average line 150. Only an idea and not a recommendation for trading!Longby dovale1972Published 6
SHOPIFY More downside to come. Where to buy?Shopify (SHOP) has been trading within a Channel Up pattern since the October 13 2022 market bottom. It recently made a Higher High but not at the top of the pattern and started to pull-back, losing most of its strength and momentum as the 1D RSI dropped to 45.50 (neutral). The price is still above the 1D MA50 (blue trend-line), which keeps it bullish but in our opinion it won't be for long as it has started to resemble the pull-back after the December 02 2022 High. That was on the Channel Up first bullish leg and it eventually pulled-back to the 0.5 Fibonacci retracement level, before the price rebounded again and almost reached the -0.382 Fib extension for a technical Higher High. Observe how similar the 1D RSI sequences are between the two. As a result, we expect currently a downside as low as 60.50 (Fib 0.5) at least to test the 1D MA200 and then we will buy and target $94.00 (below the -0.382 Fib, projected +56% rise, which is 20% lower than the previous rise (+76.18%), similar to the difference the Feb 03 2023 High High had from its Dec 02 2022 High). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Shortby TradingShotPublished 118
SHOP - pull back to gap fill zoneSHOP is little over extended, Expecting a pull back to the gap zone . Shortby just4tradinUpdated 1
BUY ShopifyShopify is approaching strong support levels expecting a bounce of 50-100% from those levels. I will personally buy some calls when it hits that particular area. Position yourself accordingly, If have questions just message me.Longby TJDEUpdated 666
Shopify Merchants Drive Record-High $9.3 Billion in Black FridayShopify Inc. (NYSE: SHOP), a provider of essential internet infrastructure for commerce, announced today that Shopify merchants reached a record $9.3 billion in sales* over Black Friday Cyber Monday (BFCM) weekend - a 24% increase from last year. From early Friday in New Zealand to late Monday in California, more than 61 million consumers globally purchased from brands powered by Shopify. Shopping peaked when collective sales reached $4.2 million per minute at 12:01 p.m. EST on Black Friday. BFCM highlights from Shopify merchants 1. Peak sales per minute: $4.2 million at 12:01 PM EST on Nov. 24. 2. 61 million consumers globally purchased from Shopify-powered brands. 3. Hottest product categories: apparel and accessories, health and beauty, and home and garden. 4. Average cart price: $108.12 ($107.53 on a constant currency basis). 5. Top selling countries: U.S., U.K., Australia, Canada, and Germany. 6. Top selling cities: Los Angeles, New York, and London. 7. Cross-border orders represented 15% of all global orders. 8. 56,000+ tonnes of carbon removal funded by Shopify to counteract shipping emissions. Technical Analysist Price Momentum SHOP is trading near the top of its 52-week range and above its 200-day simple moving average. What does this mean? Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.Longby DEXWireNewsPublished 1
Shopify Record Breaking $4.1 billion Black Friday SalesShopify - NYSE:SHOP Shopify is having a great year and it appears it just got better, they announced a record-breaking Black Friday, with global sales from its merchants totaling $4.1 billion. Surpassing the previous year's figures, sales saw a substantial 22% increase, peaking at an impressive $4.2 million per minute on November 24, 2023. After 5 positive quarterly earnings in a row and with the annual earnings release in Feb 2024 around the corner, now could be a time to capitalize on this upcoming likely positive Annual Earnings Report release in Feb 2024 (released between 14th – 21st Feb). The Chart There is a clear long term diagonal support level under price and potential break out above key resistance level of $70.00. We are above the 200 day smooth moving average and it is sloping upwards. Entry into the trade should to your desired risk tolerance. Some examples of how you could enter - Entry here allowing for potential loss of 15% (the stop) - Entry at the $70.00 resistance line level (keeping stop at $62.00) - Entry off a the 200 day SMA when ever that occurs and place a stop under the diagonal resistance line (which will like be a similar 15% potential loss). The Risk: Reward is decent at 6, however I would take a significant portion off the table at $91.00 (the 0.618 fib level) or I would at lease raise my stop at this juncture, as it will likely be some form of resistance simply because of the price support/resistance you will see to the left historically and also because it lines up nicely with the 0.618 fib extension. You could also exit the trade entirely at $91.00 and plan a re-entry when we see what happens next. Its only a 22% play here versus a 15% loss, not great. So you need to weigh up what your comfortable with. There is also an argument to hold the position until the annual earnings release in Feb 2024, in this case the position size is key and should be smaller, with capital set aside to average in if we re-visit the 200 or diagonal resistance. There is a trade here and a structure to play off, its up to you how you do it. Carefully select your position size if your making a longer term play, regardless position size should be small with a potential 15% loss. Another alternative is to cut the stop loss to 5%, however I would only do this after a significant pull back of some sort. An interesting year for Shopify, it appears the US consumer is stronger than market commentators might think. As always stay nimble PUKA by PukaChartsPublished 5
SHOP - Party Time?Cup and Handle in Motion for NYSE:SHOP Watch out for the neckline at $71.43. If a breakout is, then a CnH target is at around $119. in the smaller picture, we can see a recent breakout from a minor downtrend channel with a target of $84.31 (closing the daily gap that occurred in February 2022). The best entry position is at $62.41 to close the small gap after earning jump. Let's go SHOPping!Longby dhimaswpprPublished 115
Shop to flag through .886Shop has been on an absolute tear and is looking to be creating a small flag on the 4 hour that has an upside past the .886 fib. Do remember we are 1/3 of the way to all-time-highs and have a long way to go to even 1/2 of that. Was shop overvalued at 175$, sure, but what about todays prices? The market is very irrational this year stay safe.Longby Apollo_21milPublished 1
Shopify Stock Is Soaring Again What Could Be The FactorThe bull market is back, and so is pandemic favorite Shopify (NYSE: SHOP). After posting robust growth and showing strong operating leverage in the third quarter, the e-commerce platform gained more than 30% in the last five trading days and is closing in on a market cap of $80 billion. Shopify is still down by 63% from the all-time high it set in 2021, which could indicate there is still more room to run here. Shopify's Q3 earnings were strong across the board. As the software backbone for many online sellers, Shopify grows along with the overall e-commerce sector. It makes money through its core software subscriptions, by processing payments, and by selling add-on services to its merchant customers. In the quarter, Shopify's revenue grew 25% year over year to $1.7 billion. Factor out last year's revenue from its logistics and delivery services business -- which the company divested itself of earlier this year -- and the growth rate was an even more impressive 30%. Shopify sold the delivery services business to Flexport in a pivot to refocus solely on the digital world, providing software services to online merchants. This is already showing up in the company's profit margins. In the quarter, Shopify's gross margin was 52.6% compared to 48.5% in 2022. Gains Shopify generated $122 million in operating income in Q3, up from an operating loss of $346 million in the prior-year period. Technical Analysist Price Momentum SHOP is trading near the top of its 52-week range and above its 200-day simple moving average. What does this mean? Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.Longby DEXWireNewsPublished 113
Shopify: Boom 💥"Boom!" There is no better way to describe the bullish dynamics of SHOP stock. The stock has now confirmed the low of the turquoise wave X with a 33% attack to the upside. The upward wave to the north must now continue to the upside to overcome resistance at $67.60. The high of the turquoise wave Y and thus of the superior wave (B) in green is not expected until around $90.Longby MarketIntelPublished 1
Shopify - Keylevels - WeeklyThese are my keylevels for Shopify on Weekly. Nothing to say about it, just a sequence of 2 Lower Highs.by sfc95Published 2
SHOP - AVWAPs are a cheat codeTodays move brings NYSE:SHOP above its 50, 100, and 200 moving averages. Note how perfectly price action moved in between volume weighted average price anchored to the May gap up, July high, and August low. A pullback to put in support at 53.94 (the 0.382 of the most recent retrace) would make me comfortable with further continuation. This would line up with the VWAP anchored to the October low.by Ben_1148x2Published 0
Shopify Stock (NYSE: SHOP) Why The Surge TodayThird-quarter revenue of $1.7 billion was marginally higher than analysts' estimates and represented an increase of 25% over the year-ago quarter. The top-line beat affirms the momentum Shopify has been building in recent quarters, which has 70% year to date. More businesses are signing up for subscriptions and driving steady growth in the company's merchant solutions business. But the stock is also responding to Shopify's improving profitability on the bottom line. Operating income came in at 7% of revenue, or $122 million, reversing last year's operating loss of $346 million. The company's decision to sell its logistics operation to free up resources and lower expenses is clearly paying off, and shareholders are being rewarded. Management expects the momentum to continue with the holiday shopping season coming up. For the fourth quarter, revenue is expected to be in the low-to-mid-twenties year over year excluding the impact of sales in the logistics business from the fourth quarter of 2022. Moreover, free cash flow margin relative to revenue was a healthy 16% in the third quarter, and management expects it to remain in the high-teens range in Q4. Here's an opportunity to watch For a stock trading at a high price-to-sales ratio of 12, Shopify hit all the right notes in its latest update. The company should continue to see healthy margins and growing free cash flow over the long term, which could push the stock to new highs. As we enter 2024, investors will want to watch Shopify's payments business following its Buy With Prime integration with Amazon. This should benefit Shopify merchants and lead to higher checkout conversion, which could boost the company's revenue.Longby DEXWireNewsPublished 2
shop after long time going down we hope to see shop going around 55% with option to lose 4.5% and ratio of 4.4 RSI with low ratio with face up with 4 time wining the earning we hope that shop going to sky rocketin the earning will make the call to get in to the trade let see what shop will say Longby aviad12377Published 114
Why I'm Going Long on ShopifyOn the weekly timeframe for NYSE:SHOP , I noticed four things immediately: - A candle close above the bullish flag forming, indicator bullish momentum. - NYSE:SHOP recently created swing highs at $53.70 and then broke it and bounced perfectly off of it showing that $53.70 is a KEY level. - When price bounced off of $53.70, it was also at the 5 SMA, adding more confluence to my trade - Lastly, I saw a divergence on the volume indicator, which is always a good sign of confluence for my trades. Given these four reasons, I am bullish on NYSE:SHOP as of now. Stop Loss / Take Profits Stop loss: The stop loss of this trade is set at $55.42, which is the most recent low. Take Profits: All of these take profits are set at levels that I felt were phycological levels. My plan would be to scale out half of my position at TP1, 1/2 of the remaining position at TP2, and fully out at TP3 If TP3 is hit, this will be a 1:1.44 R:R trade. Let me know what you think of this trade!Longby fluxchartUpdated 33252
SHOP Short IdeaIdea of a swing position short on this asset after a beautiful bull trap on a reversal configuration. We had a big dump of the asset then a correctif period that seams to be over soon for me and this bull trap can definitly be the perfect short signal. As target I try to be as conservative as I can but if this pattern is correct then we can see a huge drop of the price in the following months. Great Trade !Shortby ArnoSGUpdated 1
SHOP | Informative | Day trade planNYSE:SHOP Price Action & Candlestick Analysis: The price seems to be in a short-term downtrend, as it's mostly moving below the moving averages. The long blue bar shows a strong bullish movement in one of the 15-minute intervals, but it seems the momentum could not be maintained, as the price started declining shortly after. Moving Averages: There are two moving averages, one short-term (potentially 50-period) and one long-term (potentially 200-period). The stock price is currently below both, which is generally a bearish signal. The moving averages appear to be converging slightly towards the end, potentially indicating a change in trend in the future if they crossover. Volume: There's a significant spike in volume during the bullish move. This suggests that there was strong buying interest during that time. Following the bullish spike, the volume seems to taper off, which can be an indication of a decrease in trading interest or momentum. Support and Resistance Levels: The "Bullish Line" is set at 53.48, which might act as a resistance level in the short term. If the price breaks above this with significant volume, it could lead to further bullish movement. The "Bearish Line" is marked at 52.49. This might serve as a short-term support level. A breach below this line could indicate further downward movement. Target prices are set at various levels, with the nearest being Target Price 1 at 52.06, then 51.37, and the lowest being 50.69. These could serve as potential support levels or price targets for a bearish move. On the upside, if there's a change in trend, the target prices are 54.57 and 55.28. RSI (Relative Strength Index): The RSI seems to be hovering around the mid-level, currently at 42.70, indicating neither overbought nor oversold conditions. The movement of the RSI is generally flat, suggesting no strong momentum in either direction at the moment. Overall Sentiment: The overall sentiment from this chart seems to be slightly bearish, considering the price is below both moving averages and is closer to the bearish line. However, the RSI is near the middle, and the moving averages are converging, so there could be potential for a change in trend. It would be crucial to watch for breakouts above resistance or breakdowns below support, coupled with volume, for a clearer direction.by shksprUpdated 2
Shopify November - DecemberChristmas shopping is coming, and Shopify stands in the middle to take advantage of the upcoming shopping spree season. November - December Longby KBM_Updated 111
Bullish on Shop. Hello all, As you can see here on the 15-minute chart we are in a channel. I drew these lines and supply zones on the hourly chart. I am looking for a bullish breakout and retest of resistance with a high volume bounce off with good volume on the Hiekin Ashi candlestick chart. I am looking long because the market seems to go where the liquidity is. Thank you for reading my analysis.Longby OptionsMasteryPublished 1