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SHOPIFY INCSHOPIFY INCSHOPIFY INC

SHOPIFY INC

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SHOP: Is it a good idea to BUY the DIP?Hello traders and investors! Let’s see how SHOP is doing today! It is crashing after earnings, but is it now a good time to buy? After all, “buy when there’s blood in the streets”, right? Personally, I always like to buy the dips, never the tops, however, as I like to say, there’s a right way of doing it – and there’s a wrong way. The charts can help us a lot here. Yes, SHOP dropped from $ 1,700s to $ 700s, and it seems nothing can help it. This week, we filled a gap at $ 765, from June 2020, and this is interesting. Remember: Gaps work as magnets. This gap could become a very good support level for SHOP, however, we must always wait for confirmation. So far, there’s not a single bullish reversal sign, and as far as I know, it still could drop more, to the next support at $ 683, so caution is advised. What could be a bullish reversal pattern? Any bullish candlestick pattern in the weekly chart, like a Bullish Engulfing, Piercing Line, etc. Alternatively, a bullish chart pattern in the daily chart, like an Inverted Head and Shoulders, a Bullish Pivot Point, Double Bottom, etc. Let’s never buy something because it dropped too much, because it is near support levels, or it “looks oversold”. Let’s use technical analysis in our favor, as we can enhance the odds in our favor, and do the proper risk management using charts. Either way, we must wait for more signs, but SHOP is a good stock to add to our watch list. I’ll keep you guys updated, so remember to follow me to not miss any of my future analyses.
NYSE:SHOP
by Nathan_The_Finance_Hydra
SHOP Shopify First Price Target Reached On Feb 3rd i was writing this article saying that the price targets after the Feb 16th earnings are $715 and $531: At that time, the price was $929. i know it seemed ridiculous. But today the fist price target was reached and i have closed 50% of my position. The Slowing Growth Outlook was the main catalyst for the selloff: "There is caution around inflation and consumer spend near term, for the full year.”, Shopify officials said, adding: "full year revenue growth will be lower than the 57% increase in 2021." My price target for this year is $531. Looking forward to read your opinion about it.
NYSE:SHOPShort
by TopgOptions
1
SHOP LONG : Its stock is expensive, valuation can be justified Shop is at critical support level (major structured level Shop is at 50 Ema support monthly and we have seen significant reaction there in the past Rsi at oversold area weekly and monthly time frame You have a confluence of indicators showing that the bottom may be in I will say around these levels going into earning with the stock being beat due to inflationary pressures from investors — this provides a great entry point and need be - dollar cost average down This was just a 1600 dollar stock cut in half! Bargaining chip 1. Structured level as support 2. Oversold Rsi and Macd levels 3. a spinning top at the bottom of a downtrend could signal that bears are losing control and bulls may take the reins. Summary: Get with the program! “ The company reported Q3 results in November, and the financial picture did not seem to be hurt by these inflationary pressures. The company reported total revenue growth of 47% year over year to $1.1 billion, and its merchant solutions -- which investors worry are going to be hurt by inflation -- grew 51% year over year. Shares have been crushed because of low investor sentiment, but analysts are predicting continued expansion. Wall Steet expects $1.34 billion in Q4 revenue, which is growth of 20% sequentially and 37% year over year. While this is lower than Q3, it still represents a strong improvement. Management cited that holiday sales were larger than normal, but still underwhelming industrywide, showing that the slowing growth was not just a Shopify problem. ” Shopify has the best of a few worlds: It is already dominant in the SMB space and has plenty of runways to growth via product expansion and a burgeoning addressable market of customers Also keep in mind that Shopify's growth is decelerating, however understand that the expansion of its stickier subscription business should offset the tough year-over-year comparisons for its merchant solutions business, which experienced unusually strong gross merchandise volume (GMV) growth during the pandemic.
NYSE:SHOPLong
by UnknownUnicorn5589256
1
Earnings watch 2/16 pre-marketEarnings watch 2/16 pre-market: SHOP FUN CROX GOLD TTD WIX KHC HLT GNRC ADI Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing, the market is ruthless, be shrewd Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification tickerTracker - MFI Oscillator www.tradingview.com
NYSE:SHOP
by Options360
2
LONG SHOPBiased on volume, TA and the purpose of the company more people will start buying this stock again. The question is are we at the bottom for now, I think we probably are because of volume and Fib lines. How high will it go? probably not ATH anytime soon because of how huge drop shipping was, But about 50% back to ATH should be normal, may take a while before this stock gains some momentum but I see this as a grate opportunity for building a large position with DCA by time.
NYSE:SHOPLong
by Principum
Bottom for shop?Triple seen clearly on the 4h timeframe on shopify. It can be seen on the daily also but its not as clear imo. Im hoping this is the bottom on shop but with earnings coming soon it can still possibly go lower as we have seen in other tech stocks like facebook. Also see some rsi divergence happening which can suggest we will move up. I believe amazon earnings helped for tech stocks in finding a bottom. Although some may find shop overvalued i believe this company still as a lot of growth. DYOR.
NYSE:SHOP
by AngD1899
1
Upside +50%The action is very much unloaded. I am planning a return closer to the support highs zones. As well as the moving averages. Upside +50% Indicators are entering the long zone. We trade with a stop. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Stock trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast
NYSE:SHOPLong
by QuantumLabSignals
SMarket Metrics Trading volume was 48 percent above the 20-day average for this time of day. One-month implied volatility was 81 percent. The relative strength index on the stock was below 30, indicating it may be oversold. Of shares that were traded, 15 percent were at the ask price and 11 percent were at the bid. Market Insights Stock declined 25 percent in the past 52 weeks. The S&P 500 Index gained 15 percent. The shares are down 4.1 percent in the past 5 days and fell 39 percent in the past 30 days. Shopify trades at 134 times its estimated earnings per share for the coming year. Short interest was equal to 1.2 days of average trading volume. In the previous two years, the short-interest ratio ranged from 0.6 days to 2.4 days. Shares sold short amount to 2 percent of float. Catalysts Analyst Rating Changes: Zacks analyst Team Coverage downgraded the recommendation on Shopify to underperform and assigned a target price of $591 yesterday ESG Scores Shopify has a provisional governance score of 6.48. The Bloomberg ESG Disclosure Score, measuring the extent to which companies report ESG data, was 37.60 on a 100-point scale, compared with the Bloomberg peer group average of 24.29. Shopify's Sustainalytics Risk Score fell to 23.33 from 24.95 six months ago. Sustainalytics measures unmanaged financially material environmental, social and governance risks, so a lower score is better. The company’s Bloomberg peer group has an average score of 18.34. Its MSCI ESG rating, ranking ESG business practices from a top AAA to a worst CCC, is AA. The company’s S&P Global ESG Rank, which looks at how companies are mitigating ESG risks, is 66 out of 100. The Bloomberg peer group average is 46.56. ISS Governance, which examines governance criteria on a 1-10 scale with 1 as the lowest risk, gave Shopify a QualityScore of 9, compared with a Bloomberg peer group average of 6.07. It's CDP Integrated Performance Score, measuring commitment to controlling climate change in a 1-8 ranking, is 4.00, versus 2.14 for the Bloomberg peer group.
NYSE:SHOPLong
by pivotanalytics