Shopify Inc. (SHOP) Technical Analysis

$94.02▲-0.51%

Market is closed - opens 7 PM, 09 May 2025

Insights

Shopify is currently not in a favorable trading position ( SELL ) according to technical analysis indicators.
Based on analysis of the Oscillators technical indicator, the current market trend for Shopify stock suggests that it is range bound and no decision can be made based on this information
Based on analysis of the Moving Averages technical indicator, Shopify stock is Range bound.
Based on analysis of the Pivot Points, the current market trend for Shopify stock suggests that it is a good time to sell or bad time to initiate a fresh position

Analysis Summary

Oscillators

Sell

Neutral

Buy

Moving Averages

Sell

Neutral

Buy

Pivots

Sell

Neutral

Buy

Oscillators

Name	Value	Action
Relative Strength Index	50.22	Neutral
Stochastic	67.87, 68.35	Neutral
Ultimate Oscillator	55.34	Neutral
Stochastic Relative Strength Index	59.76, 70.67	Neutral
Moving Average Convergence Divergence	0.66, -0.13	Neutral

Moving Averages

Simple Moving Average

Period (Days)	Value	Action
10	96.66	Buy
20	91.13	Sell
50	95.03	Sell

Exponential Moving Average

Period (Days)	Value	Action
10	94.8	Buy
20	93.68	Sell
50	96.47	Sell

Volume Weighted Moving Average

Period (Days)	Value	Action
10	95.43	Neutral
20	90.66	Neutral
50	92.36	Neutral

Double Exponential Moving Average

Period (Days)	Value	Action
10	96.3	Buy
20	94.14	Buy
50	90.24	Sell

Triple Exponential Moving Average

Period (Days)	Value	Action
10	95.95	Sell
20	97.17	Buy
50	89.74	Buy

Pivot

Pivot	Value
Resistance L3	98.36
Resistance L2	97.48
Resistance L1	95.99
Pivot Point	95.11
Support L1	93.62
Support L2	92.74
Support L3	91.25

*Disclaimer: The content present here is for informational purposes only, you should not construe any such information or other material as investment advisory.