Bullish vs. Bearish (8 opinions)
Social Sentiment 0.21
SHOP Forecast and Technical Stock Analysis
Buy candidate since 2019-07-31 Gain 12.85%
Shopify Inc gained 2.18% in the last trading day ( Friday, 16th Aug 2019 ), rising from $351.07 to $358.74 During the day the stock fluctuated 2.73% from a day low at $351.46 to a day high of $361.07. The price has risen in 6 of the last 10 days and is up by 7.99% over the past 2 weeks. Volume fell in the last day by -0.27 million shares and in total, 1.30 million shares bought and sold for approximately $467.57 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the SHOP stock price was $372.36 and low was $310.36.
- 90 day high was $372.36 and low was $262.17.
- 52 week high for Shopify Inc - $372.36 and low - $117.64.
Shopify Inc lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 26.93% during the next 3 months and, with 90% probability hold a price between $420.00 and $481.15 at the end of this period.
Only positive signals in the chart today. Shopify Inc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $360.89. On a fall, the stock will find some support from the long-term average at approximately $330.59. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Thursday August 15, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 65 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Shopify Inc finds support from accumulated volume at $341.39.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $9.61 between high and low, or 2.73%. For the last week, the stock has had a daily average volatility of 3.82%.
Our recommended stop-loss: $340.97 (-4.95%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
3.82 %Average volatility
Very Low Low Medium High Very High
|SHOP $358.74 ($7.67 2.18%)|
SHOP is up $7.67 today, but where's it headed in 2019?
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!