SHOPSHOP’s innovation outlook is neutral based on a current score of 23 out of 99, underperforming sector average. Over the past 4 quarters SHOP beat earnings estimates 4 times. For more analysis and articles visit our website .
SHOP
SHOP below trend line and 10/50 SMAShopify is looking pretty bearish to me. Notice, it is trading below its big up trend line, below its 10 SMA (orange line), below its 50 SMA (blue line), and looks to be heading for the 100 SMA (purple line) as well as the next major support area (dashed line).
I am going to stay neutral for the time being, but will keep a close eye on it. If SHOP can't bounce off the 100 SMA and/or that big support area, then I will enter a short position. After the huge run-up SHOP had, a big correction would not be surprising at all.
SHOP - Daily - Inside candlestick reversalIf you follow the stock market, and the big names in it, you will know that Shopify has been on a rampage. But, SHOP has recently pulled back into a zone that I think counts as solid support. In doing this it made an inside candlestick pattern yesterday.
Inside patterns are tricky ... they can be continuation or reversals. However, this particular inside candlestick is right at good support (what I think is good support anyways), and it had good volume. This tells me that this particular inside pattern is leaning to to the reversal side for SHOP. I will keep my eyes open and look for a close above the big candle. If it does that, I may enter long and ride it up to its all-time high.
SHOP - high confluence bounceJust a chart I found interesting. High confluence bounce.
- previous pivot high resistance level of $372.36.
- the 38.2% retracement of the swing from the bottom of the trend-channel.
- 20 period daily EMA
- center of the channel
How High Is High Enough??SHOP Has just been on a tear, my goodness. I had this move marked out when it was flagging, had my buy marked at 125. Got distracted elsewhere, missed the buy, and now have just been absolutely kicking myself over this. What a run. My best estimate for a target sits around 428. May buy a put option at that point if it does in fact reach it, but I obviously don't wanna be short for very long in this name. If you have been in, congrats on the move. May wanna consider realizing some gains in the next 20 bucks or so of price action. Happy hunting and GLTA!!
Alex Vieira Reduces SHOPIFY Stake Calling Rally $19 to $390Indeed! Real-time $19 to $390 everyone is rich
This Is Why Im Going To Short SHOP- 250 targetTo keep it simple, we have 5 waves done on SHOP. We can expect a first pullback to 276 USD, if that level breaks we have a target of 246 USD.
SHOP Earnings Tomorrow!With a previous 7.40% intraday surge, after the previous earnings announcement and an earnings bet of +0.13 Cent per share compared to the Wall Street consensus, we can expect SHOP to similarly behave this time around and are slightly bullish, as the company continues to grow and is on an overall uptrend. However we position ourselves neutral, as the company's stock is up by 129.69% (YTD) this year already. We expect the stock so bounce anywhere between from 293 to 342. The hype remains, growth prospects are there, but valuation is unreasonably rich at these levels.
SHOP Short SHOP - Shopify has become a little ridiculous. Pick your spots where it seems overly exuberant like yesterday. I purchased put options. Good luck.
Good 5% return buy on Shopify Shopify has shown a consistent upward trend above the 180 day EMA. RSI is oversold and has reached support. Wait for confirmation with higher highs and higher lows for a potential 5% return on Shopify this week.
SHOPIFY be carefulPrice seem a little to high for me and I expect a topping effect and possible pull back. Set your stops!
SHOP Trending Upwards, BROKE AND established SUPPORTThe trend should continue based on the technical analysis performed. Catalyst thus far are positive which drive the stock's price upwards. The next level of resistance is @ $326 .
Short SHOPFor the past year, SHOP has been nothing but sharp impulsive move up, followed by consolidation until recently where we had our first sharp move down. It looks as if bull run could be over. Other indicators looking bearish as well, RSI, etc.
SHOP - Mean Reversion in Short Order?Monthly looking parabolic. Check out the last two candles on the daily. Shooting star indicates possible trend reversal.
Alex Vieira Shopify Has More Upside Than Tesla Shares Gain 2000%Shopify share price tripled compared to Tesla confirming accurate technical analysis Strong Buy since IPO $20
short SHOP going into earningsCurrently Looking at July 19 Aug 19 call options.
IDEA: FED JUN 19th hold rates + China snubs Trump at G20 on 29th.
SHOP longTicker : SHOP
Entry : 140 to 147 ishh
Stop Loss : 116 Ishh for now
Profit Range : 200 +
Holding period : 4 to 6 Months or May be 12 Months
