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SHOPIFY INCSHOPIFY INCSHOPIFY INC

SHOPIFY INC

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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.
NYSE:SHOPLong
by DEXWireNews
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
NYSE:SHOP
by PukaCharts
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.
NYSE:SHOPLong
by DEXWireNews
1
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.
NYSE:SHOPLong
by DEXWireNews
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!
NYSE:SHOPLong
by fluxchart
3
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.
NYSE:SHOP
by shkspr
Shopify: Will Santa Come to Town?The fourth quarter has begun, and attention may soon turn to holiday spending and Black Friday. Today’s chart focuses on Shopify, a key player in the growing world of online commerce. The first pattern is the August low of $51.20. SHOP has flirted with this level for almost two weeks without closing below it. Is support in place? Second, the consolidation has occurred around the rising 200-day simple moving average. That may suggest a longer-term uptrend is underway. Third, the MACD histogram has been growing less negative. Traders may watch for a potential flip back to positive. Next is the short-term falling trendline along the highs of September 29 and October 6. A close above that resistance could potentially draw buyers from the sidelines. Finally, SHOP has had some potentially positive fundamental events like strong earnings and an integration with Amazon Prime on August 31. Instacart also added a new connection last month. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:SHOP
by TradeStation
1
$SHOP Ready to Move Higher?It is hard to believe but there is a lot to like about this NYSE:SHOP chart. What I like is that it has recently come back and touched the rising 40 Week MA (white). It Just bounced off the AVWAP from all time high (meaning that the aggregate of shareholders since that time are in the money). It is well above the 18-month AVWAP. And it is moving up through the short-term MAs. It is yet to cross the 21 EMA (blue). MACD has just crossed up. If / when the market turns positive, I will be looking for a long entry likely using the 40 Week MA as a stop area. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
NYSE:SHOPLong
by jaxdog
8