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SHOPIFY INCSHOPIFY INCSHOPIFY INC

SHOPIFY INC

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SHOP trade ideas

5/8/24 - $shop - need a better entry... still, unfort. careful.5/8/24 - vrockstar - would like to buy it, could be a trade to the mid/ high 60s fam, but likely won't stick and act as exit liquidity for guys needing to size manage. what's more likely if you saw other ecomm/ retail, lulu comes to mind, is a gamma drag thru the day all else equal, all pumps being sold. the math here is "expensive" we all know it. you know it, i know it. that's fine for a great biz, but the 2Q guide is the thorn until we get some either a. macro catalyst/ e.g. rates- consumer or b. risk bid that's not just mag 7 or c. lower stock price and perhaps d. another print - so at earliest in this case leading into 2Q print, maybe a month before as we size up the 3Q guide. EVEN if we assume a stock down 35%... and on generous FCF estimates, perhaps 2 bn this yr? you'd STILL be hardly pushing 3% yield. BTW... that's the buy. probably in the mid $50s. any risk off generally/ in the Q's would threaten to gap fill this in the $48 zone from last Nov. I'd give that a 30% probability today, but under $55... the odds are probably >50%. unfortunately i don't think you can bid this with any high degree of confidence. set your triggers lower and we can find a better entry.
NYSE:SHOPShort
by VROCKSTAR
$SHOP 10D wants $68 if we stay under $80Of course, all ideas are my opinion alone. SHOP went a bit crazy last week but still rejected the same gap from the Winter 22' pullback. Looking at this head and shoulders on the daily, PA seemingly looking for a touch of the gap below around $64. May have to wait for the first week of April for the move to be underway. Keep on Watch, with a Bullish Market, $82+ possible before the end of the week for a Bull Trap setup as stock is breaking trendlines of the possible larger timeframe bear flag its been in since Spring 22' .... Stay Patient.. after high $60s I'll be looking for a rally to fill gap above at $89.12
NYSE:SHOPShort
by TazmanianTrader
2
SHOP 🐂 Bullish Potential Outlook 🐂Holding SHOP 80C 3/28 @1.95 since 3/14, I'll update this with how it goes I feel like the chart is straight forward, also my first chart in a long time Will also do Higher time frame analysis and post it Timeframes Used: The 15/30 min, 4hr, 5 Day Above is the 30 minute time frame in which you can see the Bull flag aswelll as the rounding base forming SHOP LEVELS 0.618 Extension: $85.58 (+11%) // 220%|$430 0.236 Retracement: $96.50 (+25%) // 753%%|$1,468 1 Extension: $93.58 (+21%) // 604%|$1,179 -0.236 Retracement: $96.50 (+25%) // 753%%|$1,468 At $100 (+30%) // 932%|$1,818 1.272 Extension: $99.28 (+29%) // 895%|$1,746 1.382 Extension: $101.58 (+29%) // 1013%|$1,975 -0.618 Retracement: $104.50(+35%) // 1163%|$2,267 1.618 Extension: $106.52 (+38%) // 1,266%|$2,469 -1.272 Retracement: $118.20(+29%) // 895%|$1,746 1.618 fib Retracement: $125.44 (+63%) // 2,237%|$4,361 Just some fun levels lmao, I'll be happy w any profit obvi this is all speculation, PnL based off of optionstrat.com ]Option Strat Technical Indicators - Stochastic Oscillator left the overbought zone on March 14, 2024 - Entered Uptrend as Momentum indicator ascends above 0 level on Mar 13, 2024 - MACD Histogram turned positive on March 13, 2024 idk its funny if it works tho lol, Buy time or shares
NYSE:SHOPLong
by Gunvir
2
SHOP - Back to bullish after correction - BullishNYSE:SHOP -Positive trend and following trendlines -Exceptions on Octobers (different low trendline) -Just did a correction and filled a vector -Already hit the 50EMA in the daily timeframe, and very close to hitting the 800EMA in the hourly timeframe -A huge gap ~85.5 to be filled, and possible higher targets -Stop loss slightly lower than ~70 (as it means it broke the strong support) The fun part with this trade is low risk (only ~4% loss with possibly ~18% profit) *Not Financial Advice*
NYSE:SHOPLong
by a_ag
1
SHOP - Do you believe in Cup & Handles? SHOP made a beautiful good ol’ Cup & Handle pattern and breaking out of it . I’ve a sizable position already from the lows. It’s already 2x from the bottom and has potential for 2x more from here. If market conditions favors the growth names , we can see 2x soon. 70 level acting as support here. 45 would been optimal entry but if you are going long here , have a tight stop around 70. Target #1 - 98 Target #2 - 120 Target #3 - 150; Won’t be an easy target, can shakeout here.
NYSE:SHOPLong
by just4tradin
2
Shopify Analysis: Riding the Bullish WaveAlright, let's break down Shopify's stock journey in a way that's easy to understand. Imagine Shopify's stock as a surfer riding waves in the market ocean. First off, we have the "wholesale zone" where Shopify typically trades during the week. Think of this as the calm waters where the surfer starts paddling, ranging from $42 to $52. It's like the surfer getting ready for the big wave. Now, let's talk about support and resistance. These are like safety nets and hurdles for our surfer. Right now, Shopify has a solid support area between $71 and $78. This is like a sturdy surfboard helping our surfer stay afloat. On the flip side, we have resistance, which is like big waves that our surfer needs to overcome. Currently, Shopify is facing some resistance between $159 and $175. But hey, every wave conquered means more thrill and potential for our surfer! Basically Shopify is looking pretty optimistic for investors, especially if it stays above $53 and $80. It's like our surfer catching some awesome waves and riding high in the market ocean! Now.... ROCKKKK OOUUUTTTT
NYSE:SHOPLong
by ImmaculateTony
shop turbulence fixed ?? :)Analysts at Citi raised their price target on Shopify to $96, up from its previous level of $87 Shopify Price Target Raised to US$100 at CIBC Barclays analyst Trevor Young maintains Shopify Equal-Weight and raises the price target from $53 to $70. Wells Fargo Adjusts Price Target on Shopify to $90 From $70, Maintains Overweight Rating Oppenheimer Raises Shopify's Price Target to $90 From $80, Maintains Outperform Rating Deutsche Bank Raises Shopify's Price Target to $95 From $85, Maintains Buy Rating This is for potential buy back: Wells Fargo analyst Andrew Bauch reaffirmed his overweight rating on the e-commerce services stock while lifting the price target from $80 to $90 per share. In a note to clients, Bauch said that a robust holiday shopping season was already baked into Shopify's stock price. In order to go higher from here, he's looking for product updates and long-lasting profit margin improvements. Management has been focusing on profitability, a strategy that has been paying off. In Q3, Shopify delivered its fourth consecutive quarter of positive free cash flow and has generated a profit in two of the past three quarters. Shopify’s fourth-quarter 2023 results are expected to have benefited from investments in developing the best solutions for modern e-commerce. These are expected to have helped it expand its merchant base. I expect shop to test the sell off at these levels. target 120-138 after earnings 2-3 months into next quarter.
NYSE:SHOPLong
by Wildmael
2