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SHOPIFY
SHOPIFY
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: SHOP
ISIN: CA82509L1076

SHOPIFY - 1H - Technical analysis published on 09/27/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 1,466.23 USD
My targets
1,402.00 USD (-2.35%)
1,359.52 USD (-5.31%)
My analysis
SHOPIFY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1,466.23 USD. The next support located at 1,402.00 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1,359.52 USD. Below this support, sellers could then target 1,288.80 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.3

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The SHOPIFY rating is 1,435.80 USD. The price is lower by -0.57% since the last closing with the lowest point at 1,414.26 USD and the highest point at 1,443.99 USD. The deviation from the price is +1.52% for the low point and -0.57% for the high point.

1,414.26
1,443.99
1,435.80

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by SHOPIFY:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of SHOPIFY indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Near support of channel

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,288.80 1,402.00 1,432.61 1,435.80 1,466.23 1,485.65 1,511.37
Change (%) -10.24% -2.35% -0.22% - +2.12% +3.47% +5.26%
Change -147.00 -33.80 -3.19 - +30.43 +49.85 +75.57
Level Minor Minor Intermediate - Major Major Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,374.731,401.371,422.681,449.321,470.631,497.271,518.58
Camarilla1,430.811,435.211,439.611,444.001,448.401,452.791,457.19
Woodie1,372.081,400.041,420.031,447.991,467.981,495.941,515.93
Fibonacci1,401.371,419.681,431.001,449.321,467.631,478.951,497.27


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,317.921,359.521,401.761,443.361,485.601,527.201,569.44
Camarilla1,420.941,428.631,436.321,444.001,451.691,459.371,467.06
Woodie1,318.241,359.681,402.081,443.521,485.921,527.361,569.76
Fibonacci1,359.521,391.551,411.331,443.361,475.391,495.171,527.20


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,301.191,369.351,447.061,515.221,592.931,661.091,738.80
Camarilla1,484.671,498.041,511.411,524.781,538.151,551.521,564.89
Woodie1,305.981,371.741,451.851,517.611,597.721,663.481,743.59
Fibonacci1,369.351,425.071,459.491,515.221,570.941,605.361,661.09

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 45.16
MACD (12,26,9): -5.9700
Directional Movement: -7.99
AROON (14): -92.86
DEMA (21): 1,440.89
Parabolic SAR (0,02-0,02-0,2): 1,454.34
Elder Ray (13): -6.99
Super Trend (3,10): 1,472.09
Zig ZAG (10): 1,435.56
VORTEX (21): 0.8900
Stochastique (14,3,5): 27.01
TEMA (21): 1,435.87
Williams %R (14): -62.82
Chande Momentum Oscillator (20): -41.64
Repulse (5,40,3): 0.6100
ROCnROLL: 2
TRIX (15,9): -0.0200
Courbe Coppock: 4.49
MA7: 1,454.33
MA20: 1,488.57
MA50: 1,510.44
MA100: 1,413.21
MAexp7: 1,437.61
MAexp20: 1,445.86
MAexp50: 1,453.94
MAexp100: 1,468.43
Price / MA7: -1.27%
Price / MA20: -3.55%
Price / MA50: -4.94%
Price / MA100: +1.60%
Price / MAexp7: -0.13%
Price / MAexp20: -0.70%
Price / MAexp50: -1.25%
Price / MAexp100: -2.22%

Quotes : - 15 min delayed data - NYSE Stocks

News


The latest news and videos published on SHOPIFY at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia
Londinia AI

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