Technical Analysis for SHOP - Shopify Inc.

Grade Last Price % Change Price Change
C 70.520 1.26% 0.880
SHOP closed down 3.43 percent on Tuesday, September 26, 2023, on approximately normal volume. The stock fell below its 200 day moving average, damaging its long-term outlook by crossing under that critical trendline. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Flat Down Down

Date Alert Name Type % Chg
Fell Below 200 DMA Bearish 1.26%
180 Bearish Setup Bearish Swing Setup 1.26%
Multiple of Ten Bearish Other 1.26%
Outside Day Range Expansion 1.26%
Wide Bands Range Expansion 1.26%
Oversold Stochastic Weakness 1.26%
New Downtrend Bearish -2.20%
NR7 Range Contraction -2.20%
Oversold Stochastic Weakness -2.20%
Gapped Up Strength -1.47%

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Alert Time
Possible NR7 about 1 hour ago
Bearish 180 Entry about 5 hours ago
Fell Below Previous Day's Low about 5 hours ago
200 DMA Resistance about 5 hours ago
Rose Above 200 DMA about 6 hours ago

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Shopify Inc. Description

Shopify Inc. (Shopify) provides a cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. The Company offers subscription solutions and merchant solutions. The Company's software is used by merchants to run their business across all of their sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts and marketplaces. The Shopify platform provides merchants with a single view of their business and customers across all of their sales channels and enables them to manage products and inventory, process orders and payments, ship orders, build customer relationships and leverage analytics and reporting all from one integrated back office. The Shopify platform includes a mobile-optimized checkout system, which is designed to enable merchants' consumers to buy products over mobile Websites. Its merchants are able to offer their customers the ability to check out by using Apple Pay.


Sector: Technology
Industry: Software - Application
Keywords: Retail Marketing Software Mobile Media Ships Integrated Analytics E Commerce Inventory Marketplace Market Economics) Online Shopping Retail Locations Social Media Commerce Platform Places

Is SHOP a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength


Indicator Value
52 Week High 93.83
52 Week Low 33.0
Average Volume 3,396,360
200-Day Moving Average 70.472
50-Day Moving Average 81.114
20-Day Moving Average 82.284
10-Day Moving Average 77.676
Average True Range 2.929
RSI (14) 29.58
ADX 27.25
+DI 14.841
-DI 40.197
Chandelier Exit (Long, 3 ATRs) 82.804
Chandelier Exit (Short, 3 ATRs) 78.246
Upper Bollinger Bands 95.651
Lower Bollinger Band 68.916
Percent B (%b) 0.03
BandWidth 32.492
MACD Line -2.438
MACD Signal Line -0.603
MACD Histogram -1.8357
Fundamentals Value
Market Cap 7.66 Billion
Num Shares 110 Million
EPS 1.62
Price-to-Earnings (P/E) Ratio 43.01
Price-to-Sales 51.09
Price-to-Book 20.38
PEG Ratio 0.00
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 74.005
Resistance 3 (R3) 74.430 73.400 73.278
Resistance 2 (R2) 73.400 72.288 73.188 73.035
Resistance 1 (R1) 71.520 71.602 71.005 71.095 72.792
Pivot Point 70.490 70.490 70.233 70.278 70.490
Support 1 (S1) 68.610 69.378 68.095 68.185 66.488
Support 2 (S2) 67.580 68.692 67.368 66.245
Support 3 (S3) 65.700 67.580 66.003
Support 4 (S4) 65.275