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Last Price: 71.86 - Change: 0.72 - Change %: 1.0121
Industry: Software - ApplicationFollow @stockchartsai on Twitter
In the past 30 trading days, SHOP has been trading in a range between $73.79 and $46.40 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
SHOP is trading below resistance at $73.86, about 3% to the upside. There is support at $64.60 -10% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Shopify Inc (SHOP) entered a Green zone 25 days ago on the AI powered stock chart. Wall Street analysts have a recent rating of 3.708, which is a Buy. The current analyst target price is $66.14, which gives it a potential down side of -7.96 % from the recent price of 71.86. The stock is trading 5.02% (potential upside) below its 52 week high of $75.47 and 122.13 % (potential downside) above its 52 week low of $32.35 - based on the recent price.
Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.
|1 Cathie Wood Stock to Buy in December That Dominated Black Friday and Cyber Monday
Shopify increased gross merchandise value 24% year over year during the Black Friday to Cyber Monday weekend. New research suggests that brands have defaulted to promotions for much of Q4, not just for holiday weekends.
Source: The Motley Fool
Thu, 07 Dec 2023 06:00:00 -0500
|Shopify shares slide on Wedbush downgrade
Shopify Inc (TSX:SH., NYSE:SHOP) shares took a hit on Wednesday morning after Wedbush analysts lowered its rating to Underperform on the Canadian eCommerce stock.
Source: Proactive Investors
Wed, 06 Dec 2023 10:54:56 -0500
|Shopify Investor Day Draws Mixed Reviews From Analysts. Wedbush Downgrades SHOP.
Wedbush downgraded Shopify to neutral following the e-commerce firm's investor day. SHOP stock traded down as the investor day won mixed reviews from Wall Street analysts.
Source: Investors Business Daily
Wed, 06 Dec 2023 10:47:04 -0500
|Shopify (SHOP) Stock Falls Following Analyst Downgrade
Shopify (NYSE: SHOP ) stock is sliding lower on Wednesday after the e-commerce company was hit with a downgrade from Wedbush analyst Scott Devitt. Shopify stock was downgraded by the Wedbush analyst from an “outperform” rating to a “neutral” rating.
Wed, 06 Dec 2023 10:43:07 -0500
|1 E-Commerce Stock to Choose Over Shopify Heading Into 2024
Amazon went from one national fulfillment network to eight regional networks. Supply Chain by Amazon is a new automated, end-to-end supply chain service.
Source: The Motley Fool
Wed, 06 Dec 2023 10:15:00 -0500
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