Get started
Shopify Inc.Shopify Inc.Shopify Inc.

Shopify Inc.

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Options Bonds

SHOP trade ideas

$SHOP Technical Indicators for Short-Term Trading Strategies $BA @everyone MACD Divergence Stock price and moving average convergence divergence (MACD) indicator are showing a bearish divergence i.e price is making new highs while RSI is making new lows. This is generally a reversal signal. Horizontal Resistance Daily price is touching a horizontal resistance level. Price can hit the resistance level and start going down, which would be a bearish signal. It can also break out of it to form a breakout, which would be bullish. Yearly High Close Price is close to the yearly highs. Inside Day When today's high and low are both within the yesterday candle's high and low. Potential Breakout Price is close to breaking out from a resistance level. For Chart Like Mine Link In Bio
NYSE:SHOPLong
by ImmaculateTony
$SHOP call 👀📈I've used a few tools and indicators to predict Shopify share price over the next couple weeks Not investment advice I believe SHOP is massively undervalued, with some exciting projects coming soon. We saw an ATH @ around $172 in Nov 2021, and since then the price has dropped around by over 4x less, to about $40. This is around $15 above the ATL. However, £SHOP is also vulnerable to external factors, and as we saw in the news, Russia has apparently attacked Poland, which could be massive news for the market - a lot of investors will get spooked and sell shares. Shopify relies on online purchases, so there is both an advantage and a disadvantage for them. Another factor I've spotted which I believe is great for the long term potential of $SHOP is the growth in ecommerce sales and the number of people starting ecommerce businesses. The recent downward economy has forced a lot of businesses to go online, growing the customer base and number of businesses that operate online. As we already know, ecommerce is booming already, but Statista predicts that global ecommerce sales will rise massively to over $8.1TRILLION! In 2021, this figure was just over $5.1trillion.
NYSE:SHOPLong
by nshah13
8
SHOP Inverse H&S Pattern and TargetInverse H&S pattern developed here. The price might shoot up another 48% from here to 72.85 level. The same pattern can be observed on several other stocks. Of course if price falls below 35.50, this idea will be invalidated. However, looking at the structure of the overall market, it seems likely that the price will keep rising higher in the coming days at least and this target can be achieved easily. A clear break out can also be seen from the neck level.
NYSE:SHOPLong
by angela_altair
SHOP Long as inverse H&S pattern and market structure in favorInverse H&S pattern developed here. The price might shoot up another 48% from here to 72.85 level. The same pattern can be observed on several other stocks. Of course if price falls below 35.50, this idea will be invalidated. However, looking at the structure of the overall market, it seems likely that the price will keep rising higher in the coming days at least and this target can be achieved easily. A clear break out can also be seen from the neck level.
NYSE:SHOPLong
by nawab36085
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
SHOP - Ready to trend soon?SHOP had been building a rounding base for the past 9 months with 2 (failed) attempts to break it's neckline @ 45.30. The stock finally had a Golden Cross a few days ago on 18 Jan, further solidifying that it is bottoming out. Even after golden cross has occurred, some stocks can continue to remain volatile within a range for another 2 or even 3 months. Hence a better time to enter long is to wait for a break above a significant neckline (in this case 45.30). The aggressive trader would enter as the stock starts to break above the neckline (entry 1) although there is a chance this could be yet another false break (but with diminishing odds as the moving averages are now aligning to the upside). A more conservative trader could wait for further upside momentum by waiting for the 1st pullback above the neckline, and then enter only when the stock starts to break above the last pivot high (entry 2). Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:SHOPLong
by Juliac
ShopSuper exciting chart here. Personally I love these setups! This has a monster channel, almost lookin like an inverse head and shoulders within this choppy range. We had 2 daily wicks to 45.30. We had some daily candles that close at 41.77 and 43.25. This gives a big range of chop so scalping an entry could be a little less clear. Ultimately piping above that 45.30 would be the safest entry upon a rip up we could play the push and then look for a pull back backtest of this range. If I was going to try to scalp the entry anticipating a breakout of this range, I think finding support for a day or 2 on top of 41.30 could be a play, as well as a potential pull back and hold of 40-39.60 as a dip pull back level This could have room to test 51.50 in coming month as long as markets contiue on the bullish path we are paving
NYSE:SHOPLong
by Erictaylor
3
SHOP - Reversal Time by Inverted Head and Shoulders?NYSE:SHOP has been down 87% from its highest peak at $ 176.29 per share to $ 22.63 in a year (lowest price at $ 22.63 was hit on W1 Oct 2022. In Weekly chart, Shopify seems going to form an Inverted Head and Shoulders with estimated neckline at $ 44.50. Even though it is still uncertain whether it will form that pattern or not. But, if we take a look at another Indicator, say Stochastic: The shape of the stochastic curving pretty good with a potential Golden Cross above the value of 50 (which i consider one of the best opportunity for swing entry if you have a correction followed by Golden Cross of Stochastic above 50). If this week confirm that the Stochastic %K is crossing up Stochastic %D, I believe that the price will continue breakout the neckline. Last Day candle was breaking out the EMA200 (4H Chart): If you do not wish to wait the confirmation in the weekly timeframe as I mentioned above, you can use the EMA200 (4H Chart) as your stop loss target. My preferred last support will be the Quarterly CPR with $34.35 - $34.59 range. Happy Trading! Disclaimer is always ON. Currently I do not have possession of NYSE:SHOP stock in my portfolio.
NYSE:SHOPLong
by dhimaswppr