Shopify Stock Technical Analysis
| SHOP Stock | CAD 149.55 3.85 2.64% |
As of the 22nd of March, Shopify has the Risk Adjusted Performance of (0.03), variance of 10.51, and Coefficient Of Variation of (2,698). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Shopify, as well as the relationship between them.
Shopify Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Shopify, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ShopifyShopify |
Shopify technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Shopify Technical Analysis
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Shopify volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Shopify Trend Analysis
Use this graph to draw trend lines for Shopify. You can use it to identify possible trend reversals for Shopify as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Shopify price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Shopify Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Shopify applied against its price change over selected period. The best fit line has a slop of 0.16 , which may suggest that Shopify market price will keep on failing further. It has 122 observation points and a regression sum of squares at 925.47, which is the sum of squared deviations for the predicted Shopify price change compared to its average price change.About Shopify Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Shopify on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Shopify based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Shopify price pattern first instead of the macroeconomic environment surrounding Shopify. By analyzing Shopify's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Shopify's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Shopify specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2022 | 2023 | 2024 | 2025 (projected) | Days Sales Outstanding | 57.68 | 59.71 | 10.36 | 9.84 | PTB Ratio | 5.33 | 11.01 | 11.87 | 15.36 |
Shopify March 22, 2025 Technical Indicators
Most technical analysis of Shopify help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Shopify from various momentum indicators to cycle indicators. When you analyze Shopify charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.03) | |||
| Market Risk Adjusted Performance | (0.05) | |||
| Mean Deviation | 2.43 | |||
| Coefficient Of Variation | (2,698) | |||
| Standard Deviation | 3.24 | |||
| Variance | 10.51 | |||
| Information Ratio | (0.02) | |||
| Jensen Alpha | 0.0202 | |||
| Total Risk Alpha | 0.1342 | |||
| Treynor Ratio | (0.06) | |||
| Maximum Drawdown | 16.52 | |||
| Value At Risk | (6.00) | |||
| Potential Upside | 4.29 | |||
| Skewness | 0.1544 | |||
| Kurtosis | 0.9031 |
Shopify March 22, 2025 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Shopify stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 319,522 | ||
| Daily Balance Of Power | 0.53 | ||
| Rate Of Daily Change | 1.03 | ||
| Day Median Price | 146.17 | ||
| Day Typical Price | 147.30 | ||
| Price Action Indicator | 5.31 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shopify. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Shopify Stock, please use our How to Invest in Shopify guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.