$shopgoing long NYSE:SHOP , good r/r and support area here, so i will try to go long, keep it simpel
SHOP trade ideas
Shopify: Strong Growth Ahead, Targets Set for Next WeekRecent Performance: Shopify has recently demonstrated a remarkable upswing,
with a nearly 25% increase following impressive third-quarter results. This
performance, marked by exceeding market expectations, signals optimistic
sentiment and highlights Shopify's pivotal role in the evolving e-commerce
landscape as consumer behaviors shift towards online shopping.
- Key Insights: Analysts emphasize the urgency for traditional retailers to
adopt online strategies due to declining foot traffic in shopping malls.
Shopify is positioned as a leader in facilitating this transition,
capitalizing on the growing demand for e-commerce solutions. The emphasis on
agility and innovation reflects the necessity for businesses to meet
changing consumer expectations.
- Expert Analysis: Market sentiment regarding Shopify is notably favorable,
driven by recognition of its capabilities to help businesses transition to
online sales amid a challenging retail environment. Experts suggest that as
retail dynamics continue to transform, Shopify's growth potential remains
robust, with a keen focus on adapting to external economic pressures such as
tariffs that may influence consumer behavior.
- Price Targets: Based on professional insights, the next week targets for
Shopify are set for:
- T1: 123.00
- T2: 130.00
- Stop levels are structured as follows:
- S1: 110.00
- S2: 105.00
This structure reinforces a potential bullish outlook, with significant support
below the current price and realistic upside targets within a 3%-10% range.
- News Impact: The current landscape for retail is shifting significantly, with
a decline in traditional mall shopping contributing to increased
opportunities for e-commerce platforms like Shopify. This trend is further
amplified by discussions about potential tariff impacts on retail and
consumer behavior, indicating that companies must adapt swiftly. Shopify's
strategic positioning in this market evolution offers a resilient avenue for
growth as it navigates these changing dynamics.
SHOP hitting cluster support soon? 🔭I could see a short term dip to SMA-trend support levels below.. nice cluster support there.
After that bulls should take control and take it to my targets at 90-118 🎯
last chart from me today, boost and follow for more ❤️🔥 see you soon hopefully
$SHOP - Not a good risk reward hereNYSE:SHOP Beautiful cup and handle base breakout. The train has already left the station. The risk-reward here is not good. I would not chase. Wait for the neckline retest.
$SHOP Consolidation post earnings could see a move soon?Shopify has been consolidating post-earnings, now it has formed a descending triangle.
Watching for a breakout above resistance to target $113.57–$116.25
Or a breakdown below 'demand zone' to target $109.02–$107.18 (gap fill).
$SHOP: OUTLOOK NYSE:SHOP : OUTLOOK
Watching for a 1-HOUR candle close ABOVE $112.59 to ENTER 📈
Targeting $113.90!
👉 LIKE & FOLLOW for more updates!
LIKE I SAID: SHOPIFY WAS THE NEXT RETAIL STOCK TO FLY📢 Before all the BIG accounts start swarming all over NYSE:SHOP like flies on 💩, remember this call in the chaos! 🤪
Catalyst: Big earnings beat prediction based on NASDAQ:AAPL and NASDAQ:AMZN results and a strong consumer outlook.
Trade Setup: Entry, Stop Loss, Price Targets.
Next Retail Stock: Prediction on the next big retail stock to fly.
#HIGHFIVESETUP: My proven trading strategy.
Valuation: Detailed analysis based on my valuation analyzer.
Let's continue to crush it together in this amazing community! I appreciate you all! ♥️
SHOP - Bulls ReadyPrice has bounced off the lower curve trend line and is looking for more
If the same curve is applied to the upside and used as a resistance line it puts the target at $400
Lets see if the bulls take it that far
Daily timeframe
Shopify (SHOP) at Pivotal Levels: Continuation or Support Retest
Shopify (SHOP) is currently trading near 107.13, the 61.8% Fibonacci retracement level, which is crucial for the next price movement. On the bi-weekly chart, there is also a possibility of the price retesting the previous support at 90 if 107.13 is broken. The next move will depend on the strength of buyers versus sellers.
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1. **Entry Points:**
- **Scenario 1 (Bullish Continuation):** Enter after a clear breakout and a bullish close above 107.13, confirming the uptrend.
- **Scenario 2 (Support Retest):** If 107.13 is broken, wait for a retest of the strong support level at 90, looking for positive reversal signals.
2. **Targets:**
- Target 1: 122.72 (78.6% Fibonacci retracement).
- Target 2: 176.29 (previous high).
3. **Stop Loss:**
- **Scenario 1 (Bullish Continuation):** Stop loss at 104.99 (2% below 107.13).
- **Scenario 2 (Support Retest):** Stop loss at 88.20 (2% below 90).
4. **Confirmation Factors:**
- Strong breakout above 107.13 with high volume or a bullish candle.
- Positive reversal signals (e.g., Pin Bar or Bullish Engulfing) at 90 if it is retested.
5. **Additional Notes:**
- 107.13 is a pivotal level; holding above it supports a bullish continuation.
- If this level is broken, 90 becomes a key support level to watch for buyer re-entry.
---
**Disclaimer:**
This is a trading idea based on technical analysis and not financial advice. Please manage your risk and monitor the market carefully before making any decisions.
Shopify ain't done yet! Pullback then Higher, 50% Move Inbound! Shopify ain't done yet! Pullback then Higher, 50% Move Inbound!
NYSE:SHOP is going higher and presenting a buying opportunity!
50% Potential Upside! 📈
In this video, we dive into NYSE:SHOP , an Ecommerce powerhouse, currently breaking out of a Multi-Year Cup n Handle Pattern!
💡 Key Highlights:
-H5 Indicator: Flashing green for a bullish signal
-Flipping a 4-year resistance area to support
-Volume Insights: Massive GAP to fill
-Technical Analysis: Consolidation box formed on WR%
Targets:
🎯$110
🎯$121
📏$160
🎯$180
Don't miss out on the potential explosive growth of Shopify! Tune in to see why this stock could be a game-changer!
NFA
Shopify (SHOP) Shares Retreat After Sharp SurgeShopify (SHOP) Shares Retreat After Sharp Surge
On 12 November, Shopify released its Q3 earnings report, which exceeded analysts' expectations:
- Earnings per share: actual = $0.36, forecast = $0.27;
- Gross revenue: actual = $2.23 billion, forecast = $2.15 billion.
The company also provided strong earnings guidance for Q4. According to Zacks analysts, Q4 earnings per share could reach $0.39.
As a result, SHOP shares surged by more than 20% following the report's release. But is it the right time to buy now?
A review of SHOP’s price chart suggests that purchasing the stock under current conditions might be premature:
- The price is above the upper boundary of the ascending channel (marked in blue), whereas it has typically remained within this channel since late 2022;
- The RSI indicator signals extreme overbought conditions.
Recent price action supports the idea that the market's initial reaction may have been overly emotional, leaving the stock vulnerable to a pullback. For the first time since the report, SHOP shares closed below $105 yesterday.
While strong fundamentals underpin Shopify's long-term appeal, in the short term, the stock price could decline towards:
- The psychological level of $100 per share;
- Former resistance at $90;
- The median of the ascending channel.
According to TipRanks:
- 11 out of 18 analysts recommend buying SHOP stock;
- The average price target for SHOP is $85 over the next 12 months.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Will Santa deliver, or will the buck ram it down?CAPITALCOM:SHOP delivered a strong earnings report recently, key points being:
- Strong revenue growth of 26% YoY
- Improved free cash flow margin, up to 19% from 16%
- Operating income more than doubled YoY
On the flip side:
- High operational spending
- Increase in loan and transaction losses, indicating rising credit risk
- Macroeconomic risks
Heading into Christmas shopping, SHOP is well positioned. Spending this season is expected to rise 7% compared to 2023, and more people are buying early, leading to more consistent sales. Online shopping is expected to rise once again this year, benefiting SHOP.
Obstacles are higher prices, and the outlook of even higher prices to come. The economic plans of the president-elect will without a shed of doubt lead to rising inflation, and many will plan accordingly. However, I believe the upside is greater on the semi-short time, which will help push SHOP share price further. The gap following the earnings release was big, and we might see a pullback short term, so I would hold going long until that gap is resolved.
I don’t expect the gap to be filled, but a retrace must be expected. The most recent high above today’s price is from November 2021, so that is not relevant, so no target. There are no obvious support or resistance levels, as price has been pretty flat for ages. Watch for pullbacks, then do your own DD.
Shopify on CD leg of Harmonic Bat patternBy breaking over point point B, Shopify has confirmed CD leg of Harmonic Bat pattern with target as 158.
Buy side entry levels at 100 or 88
$SHOP JADE LIZARD TRADE, 37 DTE (>$68 on 11/22 preferred)NYSE:SHOP JADE LIZARD TRADE, 37 DTE
Sell SHOP $94 Call 11/22
Buy SHOP $95 Call 11/22
~{share price: $81.85}~
Sell SHOP $70 Put 11/22
Credit to open: ~$200
Jade Lizard = Credit from the short put (strike price below the price) exceeds the max loss of the call credit spread (strike prices above the price).
Expiration scenarios:
(1) Share price above $95 @ expy, then profit of $100, (by definition, there's no risk to the upside with a 'jade lizard' trade).
(2) Share price between $70-$95 @ expy, then profit of $200.
(4) Share price below $70 @ expy, then assigned to buy 100 shares at an avg cost of $68.00.
Shopify (SHOP): Preparing for a Long-Term Entry at $49.62Considering Shopify, the situation is unfolding as we anticipated. We expected the beginning of 2024 to potentially mark the peak for Shopify with the completion of Wave (1), indicating a Wave 2 correction. This correction is likely to find support between the 63.8% and 78.6% retracement levels.
Currently, the pattern is showing lower lows and lower highs, suggesting that further price declines may occur, potentially closing existing gaps. Our strategy is still developing, but we plan to place a long-term entry at $49.62 with a stop-loss at $31.
Shopify (SHOP): Continuing Sell-Off!Shopify (SHOP): NYSE:SHOP
We've reintegrated Shopify into our portfolio after a lengthy period without analysis, believing we've witnessed the conclusion of a Wave 5, thereby completing this cycle (1). Consequently, we are now in Wave (2), anticipated to be a three-part correction downwards. Our target retracement ranges between 50% and 78.6%, equating to $57.60 and $38.24, respectively. The subordinate Wave 4 at $45.50 represents a critical level for Shopify, potentially marking a turning point. As long as we don't surpass the Wave 5 peak of $85.50, we don't foresee an upward continuation.
Should we form Wave A, an Expanded Flat exceeding Wave 5 but not surpassing 138%, might be observed. If this threshold is breached, our current scenario would need revision, possibly interpreting the subordinate Wave 4 at $45.50 as our Wave (2), indicating we're in Wave (3). Unless this scenario unfolds, we maintain the view that we're in a downtrend, awaiting a significant Wave 2 correction. However, falling below 78.6% would likely lead to a sharp decline towards $23.64.
Shopify (SHOP): Riding the 130% rally after the earnings surgeShopify kicked off the earnings week with a significant surge, rising 130% since our entry. We’ve taken additional profits at this level and canceled our second limit order. The stock has reached the 161.8% Fibonacci target at $111, aligning with our strategy.
In its third-quarter earnings report, Shopify reported revenue that exceeded Wall Street’s expectations, with double-digit gross merchandise volume growth. Looking ahead, the company forecasts a mid-to-high-twenties percentage growth in revenue for Q4, supported by the same factors driving its strong performance this year.
While Shopify continues its upward momentum, there’s no clear indication of when this rally might lose steam. The RSI is currently overbought, suggesting a potential pullback in the near future. If we spot a wave 4 correction, we will reassess and update the chart for a potential new entry.
SHOPIFY (SHOP) Explosive Breakout Rally with Earnings Boost!The Shopify (SHOP) weekly timeframe chart showcases a massive breakout, driven by exceptional Q3 earnings performance. The stock has successfully hit Target 2 (TP2 at $109.30), with the remaining targets TP3 ($132.50) and TP4 ($146.84) in sight.
SHOPIFY (SHOP) Stock Key Technical Highlights:
Clear Entry at $71.76 : The bullish momentum initiated a long trade setup, confirmed by the breakout above critical levels.
Earnings Power-Up : Shopify's Q3 revenue surged 26% year-over-year, reaching $2.16 billion, and net income hit $828 million. This exceptional growth propelled the stock price up 22% to $109.81 post-earnings release, further cementing the breakout rally.
Dynamic Moving Averages : The RISOLOGICAL Lines (all GREEN lines) beautifully supports the rally, reflecting strong upward momentum.
SHOPIFY Trade Analysis:
Risk-Reward Balance: The stop-loss (SL) placed at $60.16 offers an optimized risk management strategy.
Profit Potential: With TP2 already achieved, the path toward TP3 ($132.50) and TP4 ($146.84) looks promising, driven by positive market sentiment and strong fundamentals.
Final Words:
Shopify's post-earnings rally demonstrates a perfect confluence of technical and fundamental strength.
Keep a close eye on volume and momentum as the next targets approach!
SHOP eyes on $78.47 below, 90 above: key range to form next moveFollow up to previous Swing Trades idea (click)
SHOP continues its recovery from bottom.
It has just retested a Golden Genesis fib.
Critical support to break next resistance.
$ 89.65 - 90.04 is the major target.
$ 83.76 should bring some violence.
$ 73.60 will be critical trend support.
Previous Chart:
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a long term bull reversal trendshop has a huge run up to this gap up open that has formed a daily shooting star or doji. all the support zones below the high flying daily outlyer would remain buy if the pullback were a healthy consolidation pattern. beyond the current highs there isnt much resistance until the all time high. this market has run over 700 days from $24 to the current $106. that being said the current intraday pattern is still bearish closing down from the open and losing more in post market. buyers will probably find one of these market structure levels if the continuation bull weekly or monthly stays in place with the trend. if we break above the day high well certainly gain a lot more as well.
SHOP 100SHOP needs a pullback here for a confident long rather than chasing it.
Expecting this would be the probable path for this run.
There is gap below, it can be filled or can act as support.
Target 1 - 90
Target 2 -100
Stop loss 55
SHOPIFY: The next Retail Stock to Take Flight! NYSE:SHOP
🚀 SHOPIFY: The Next Retail Stock to Take Flight! 100% MOVE INBOUND! 🚀
Share this so all retail investors are prepared before earnings next Tuesday!
In this video, we’ll cover:
1️⃣ Fundamental Analysis: A deep dive into Shopify using my Valuation Analyzer.
2️⃣ Massive 3-Year Cup N Handle Pattern: What this means for $SHOP.
3️⃣ High Five Setup: How Shopify meets my proven trading strategy.
You’ve seen NYSE:PLTR at ATHs, and NASDAQ:SOFI , NYSE:HIMS , and NASDAQ:TSLA pushing higher. We’re already in these trades, but staying ahead of the curve and finding the next big opportunity is key. Shopify is that next big opportunity IMO. We’re among the first to the party, and it’s not crowded… YET.
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