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SHOPIFY INCSHOPIFY INCSHOPIFY INC

SHOPIFY INC

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SHOP/N trade ideas

Trading Analysis for Shopify**Current Price:** $95.12 **Direction:** **LONG** **LONG Targets:** - **T1 = $98.53** - **T2 = $102.63** **Stop Levels:** - **S1 = $91.57** - **S2 = $88.57** --- **Wisdom of Professional Traders:** This analysis synthesizes insights from thousands of professional traders and market experts, leveraging collective intelligence to identify high-probability trade setups. The wisdom of crowds principle suggests that aggregated market perspectives from experienced professionals often outperform individual forecasts, reducing cognitive biases and highlighting consensus opportunities in Shopify. **Key Insights:** Shopify remains a pivotal leader in the e-commerce sector, benefiting from ongoing consumer preference for online shopping. Its robust payment systems and seamless integrations enable merchants to capture larger transaction values, increasing customer retention and loyalty. Recent expansions into mobile commerce further solidify its position as an innovator in the tech-driven retail landscape. The growth in secure credit-card transactions aligns perfectly with Shopify’s business model, underpinning its growth trajectory. Additionally, Shopify benefits from increasing demand for direct-to-consumer channels, providing it with an unparalleled advantage over traditional retail solutions. **Recent Performance:** Shopify’s market price has exhibited stability in recent weeks, consolidating around key support levels. The steady inflow of transactions suggests consistent demand for its platform, which is critical for maintaining growth momentum. While broader technology stocks have seen volatility, Shopify’s alignment with scalable e-commerce trends has positioned it as a relative outperformer in the sector. Recent pricing indicates resilience to external macroeconomic pressures, further emphasizing traders’ confidence in the stock’s upside potential. **Expert Analysis:** Analysts remain bullish regarding Shopify’s long-term outlook, citing strong fundamentals and sustained revenue growth. The company’s ability to adapt and align with emerging trends like AI-driven shopping experiences and direct-to-consumer ecosystems offers significant upside. Technical analysis highlights critical support levels holding firm, while the current chart patterns suggest potential breakout opportunities toward higher price targets. Experts also note Shopify’s impressive merchant retention rates and continuous investment in innovative tools as differentiators within the e-commerce space. **News Impact:** While there were no major recent headlines directly impacting Shopify, the ongoing rise in e-commerce adoption plays a key role in maintaining the company’s growth prospects. Broader economic trends, including digital-first retail strategies and advancements in online payment infrastructure, provide a positive backdrop for Shopify’s performance. Additionally, global shifts in consumer behavior toward mobile commerce and subscription-based shopping platforms continue to drive upside for the company’s market valuation. --- **Trading Recommendation:** Shopify presents a compelling long-term growth opportunity fueled by its industry-leading role in e-commerce innovation. With strong underlying fundamentals and solid technical setups, the stock is positioned for upside momentum. Traders should monitor the outlined stop levels to mitigate potential downside risk while targeting gains toward the specified price targets. Overall, SHOP offers a favorable risk-reward profile for investors looking to capitalize on the ongoing shift to digital commerce. ```
NASDAQ:SHOPLong
by CrowdWisdomTrading
ABC Correction?I can count a 5 wave impulse (subjective) and could see a potential ABC correction down to the $16 - $23 level. As someone who makes plenty of purchases from small retailers on the SHOP infrastructure, I'm ultimately long on this stock. I hope this stock doesn't see a year or more of sliding price action. That level could easily be hit, then recover much sooner than this chart predicts. TLDR; I'm charting a potential reversal level, not the time frame.
NASDAQ:SHOP
by b6d1016fdeb149be865b678a8ac935
Shopify: Crazy Chart, Big LevelHave you ever seen a level as outstanding as this one? Yes, but this one's great too. But will we ever get there though? Maybe with some tariffs action we do. Outstanding level = strong level We do have breakdown PA at the top (SFP) but the lack of structure in the downmove (2022) makes this less relevant as the lack of structure meant that price could easily come back up and not completely destroy the chart resulting in a downtrend. This is clearly not an obvious uptrend, but I think the $23.63 level is that strong (because it stands out that much) that it makes up for it. But only if price keeps falling down to it like it's doing now: this way you don't get structure in the downmove (like in 2022), thus no resistance above the level after price would have hit it, increasing the chance of price holding and thereafter pushing up away from the level (likely in big fashion given the way price behaved before + this lack of structure).
NASDAQ:SHOP
by EyyJasper
1
Shopify - Reasons to add to my portfolio Nothing better than a bear market if you wanna make life changing profit. I have been following Shopify since May 2021. Clarified where I will begin to buy. 40CAD and 23CAD were 2 of them. Went long at 40 and will add at 23 if it keeps dropping. 40 was 2019 support 23 is 2018 resistance My target is between 100-150 I am a long term investor and has alot of patience. Therefore, short time moves dont interest me. In time, I created my own ETF by adding stocks which came to my point of interest and very happy with it. Some are in profit some are not for now. My focus is total profit and will always be. None of my comments are investment advise and are for my personal journal.
TSX:SHOPLong
by ladedimone
1
Way oversold, not too late to enter! TSX:SHOP is looking excellent for further upside. As inflation continues to drop, expectations for rising rates will also continue to drop. This is bullish for high growth stocks like SHOP. We are now above a key level (200 Day SMA), which often is the beginning of a technical bull market. Although I started my position a month ago, this stock is still tremendously oversold on the longer term charts and still has a lot of long-term potential for growth. I believe it's one of the most unfairly treated stocks this year by far on the TSX. The risk/reward looks favourable over the coming weeks and months, and the downside risk is now much lower than when inflation was continuing to climb every month.
TSX:SHOPLong
by Jabby