SHOP 11%-34% increase from here Bottomed at a support, looks bullish going into nvdia earnings. 1st target is 65.46 2n target is 78.91 Longby dwa4949111110
SHOP - A potential setup for a swing tradeRemain vigilant for daily reversal candles occurring near the support area. In the event of a daily closing breach of the support levels (red lines), there is a possibility of further downward movement, emphasizing the importance of implementing risk management strategies.Longby Financial_Insights3
SHOP drop at a serious support: eyeing 56-57 for possible bottomSHOP had a big drop with last earnings. It has fallen into a serious support zone. This would be a good spot for bulls to hold. $ 56.12 - 57.16 is the immediate support. $ 49.20 - 50.88 is next support and stronger. $ 63.44 - 63.84 is the first resistance above. ======================================= by EuroMotifUpdated 6
SHOP to the upsideI will be taking Shopify calls. Loving the entire set up right now~by Bigmoe-Trading7
Shopify (SHOP) Fundamental Analysis and Fair Value Estimate **1. Revenue and Growth:** - **Q1 2024 Revenue**: Increased by 23% YoY to $1.9 billion. - **Adjusted Growth**: 29% growth when adjusting for the sale of logistics businesses. **2. Profitability:** - **Gross Profit**: Grew by 33%, reaching $957 million. - **Gross Margin**: Improved to 51.4% from 47.5% last year. - **Net Loss**: $273 million or $0.21 per share, compared to a net income of $68 million last year. **3. Cash Flow:** - **Free Cash Flow**: $232 million in Q1 2024, up from $86 million last year. - **Free Cash Flow Margin**: Doubled to 12% YoY. **4. Balance Sheet:** - **Cash and Marketable Securities**: $5.2 billion as of March 31, 2024. - **Net Cash Position**: $4.3 billion after accounting for convertible notes. **5. Market Position and Competition:** - **GMV**: Grew by 23% to $60.9 billion in Q1 2024. - **Merchant Solutions**: Driven by growth in GMV and Shopify Payments. **6. Valuation Metrics:** - **Price-to-Sales Ratio**: 14.1x vs. industry average of 16.9x. - **Fair PS Ratio**: Estimated fair PS ratio is 10.1x, indicating potential overvaluation based on current metrics. **7. Fair Value Estimates:** - **Morningstar**: $68 per share. - **Simply Wall St**: $58.61 per share. - **Yahoo Finance**: Approximately $49.16 per share. **Conclusion:** - **Fair Value Range**: $50 to $68 per share. - **Considerations**: Strong revenue growth, improving margins, and robust cash flow support the higher valuation, while economic cycle exposure and SMB customer risks may introduce volatility.Longby DrSaud11
SHOP LONGWEEKLY GOLDEN POCKET Fib tool used to identify bounce in price and currently lines up well for longterm LONGSLongby LAIC_Miz1
Shopify looking to go long!!!shopify completes CD swing, now at 78.6% retracement looking to go long, should recover about 100% over the next year or 2Longby TobiArayomi3
Shopify: Turning Point 🔄Shopify stock has now dipped into our magenta Target Zone (coordinates: $62.74 - $52.88). Here we expect the low of the magenta wave (b) and a reversal. The price should now rise again well above the resistance at $67.60.Longby MarketIntel225
$SHOP will push higher to end 2Q24May 30, 2024 @6:57AM MONTHLY - Currently on a downtrend (2D-2D-2D Continuation) #TheStrat - Finishing off a Stage 3 #TheMoneyFlow - MACD curling down, RSI curling down at 46 WEEKLY - MACD beginning to curl up - Price is b/t the 0.618 & 0.786 monthly fibs (Oct 2023 - Feb 2024) - Price is slightly under last week's middle price of $58.51 at $58.18 (pre-market) DAILY - Price appears to moving upward after touching lower weekly broadening formation (BF) #thestrat - Gap to be filled above ($64-75) and gap to be filled below ($55-$48) - MACD and RSI curling up - On May 28, NYSE:GS maintained NYSE:SHOP as a BUY DECISION: HOLDING 2 NYSE:SHOP 65C 19 JUL 24 (AVG: $1.76) (DOWN 30% @ 1.25).Longby Brandonthrives0
SHOP Potential Trade IdeaVandy Notes: Break of 58.70/ Break and hold above 60 Raki Notes: Enter above 58.50 break with SL below 57Longby rakidorii0
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.Longby freeguy_by_wmcUpdated 2
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.Longby freeguy_by_wmc5
SHOP range bound with potential for Bullish continuationHi guys so this is a Macro analysis on Shopify (SHOP). Recent weeks of price action have got my eyes on SHOP. Lets jump right in. This analysis is done on the 1 week timeframe thus supporting a Macro lens look on whats happening. As you can see, ive highlighted key area with an Orange rectangle. Below it, you can see candles attempting to get into it and getting rejected few times. However since Nov 2023 till present time, we've been inside the Orange rectangle. Recently, we've made it to the bottom of the Rectangle to test it as SUPPORT. We had about 3 weeks of Testing. With this weeks Candle printing a potential Large lower wicked Hammer candle. This can be an indication of a attempt to reverse our downtrend from $90ish. At the same time, we have Support confluence of this Ascending Channel. And our current candle attempting to break Resistance trendline that formed since Feb and local top of $90. Remember though a breakout above Resistance trendline is not enough. We would need confirmation of it acting as support. On top of that, at the posting of this idea. Our weekly candle has yet to close. Maintaining price Above 73.50 would be key. And to keep in mind that there is also Resistance Above $74.00 If things progress look to where the Upper trendline of Ascending Channel and the Upper border of Rectangle meet to potential target. Also keep an eye for updates on further signs/ clues to take into consideration to help us make informed decisions! __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on SHOP in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.Longby SafofAllTradesUpdated 101014
SHOP broke support 2 levels,does it got enough support to bounceSHOP broke support 2 levels,does it got enough support to bounce? Looks like around 55 is inevitable?Shortby jaisrav2
SHOP approaching bottomAfter ugly sell off. SHOP is near to trendline support or gap resistance 55-57 let see by dreamTrades014
Shop analysing for next 190 daysI think that shop sec will go first to 100+ and then it will correct Now time is good time for an easy profit This not an advise to buy its just an idea presented for lovely communityLongby mwamaa0
Are you buying the dip? 🛍️NYSE:SHOP dip is approaching our targeting bounce levels. We have mapped out our bounce level price target. Are you buying the dip?Longby JK_Market_Recap1
$SHOP, found real bottom and safe to enter nowNYSE:SHOP , many reason to enter now with caution Reasons: Below EMA-200 Over reacting to the soft guidance for Q2 $60 volume range is very strong, many times it was rested If inflation softens and interest rates goes down this will explode. Longby jaisrav1
SHOP - Bearishbroken rising Wedge on the chart, correction in progress, my TP target is 65 $Shortby ginonadal1900Updated 6
Shopify ($SHOP) Reported Q1 Revenue for 2024Canadian e-commerce platform Shopify ( NYSE:SHOP ) has reported its slowest quarterly revenue growth in two years, with its U.S. shares slumping 20.5% in premarket trading. The company's core clientele, small and medium-sized businesses (SMBs), have been more susceptible to the hit from sticky inflation. Analysts estimated current-quarter revenue to grow 19.35%, according to LSEG data. The company expects operating expenses to be up at a low-to-mid-single digit percentage rate for the second quarter, compared with a 4% fall in the first three months of the year. Shopify ( NYSE:SHOP ) reported first-quarter revenue of $1.86 billion, compared with analysts' average estimate of $1.85 billion. Excluding items, earnings of 20 cents per share also topped expectations of 17 cents. Shopify Inc. ( NYSE:SHOP ) announced financial results for the quarter ended March 31, 2024. Harley Finkelstein, President of Shopify, said that the company had a strong start to the year, building on the performance of 2023, delivering year-over-year revenue growth for the quarter of 23%, or 29% when adjusting for the sale of its logistics businesses, combined with 12% free cash flow margin. First-Quarter Financial Highlights Gross Merchandise Volume1 ("GMV") increased 23% to $60.9 billion, an increase of $11.3 billion over the first quarter of 2023. Revenue increased 23% to $1.9 billion compared to the prior year, resulting in a year-over-year growth of 29% after adjusting for the sale of its logistics businesses. Merchant Solutions revenue increased 20% to $1.4 billion compared to the prior year, driven primarily by the growth of GMV and continued penetration of Shopify Payments. Gross Payments Volume2 ("GPV") grew to $36.2 billion, representing 60% of GMV processed in the quarter, versus $27.5 billion, or 56%, for the first quarter of 2023. Subscription Solutions revenue increased 34% to $511 million compared to the prior year, driven by the growth in the number of merchants and pricing increases on our standard subscription plans. Monthly Recurring Revenue as of March 31, 2024 increased 32% to $151 million compared to the prior year, driven by continued growth across all of our subscription plans. Gross profit dollars grew 33% to $957 million compared to the prior year. Gross margin for the quarter was 51.4% compared to 47.5% in the first quarter of 2023, driven primarily by the lack of the dilutive impact of the logistics businesses and changes in pricing from standard plans, partially offset by the continued growth of Shopify Payments. Free cash flow was $232 million compared to $86 million in the prior year, and free cash flow margin for the quarter was 12% compared to 6% in the first quarter of 2023.Shortby DEXWireNews5
SHOP headed for a deeper correction?Shopify is coming into an important close this week. A close below the upper weekly bollinger band 1 std would signal a deeper sell off is likely. All previous closes below that upper band have led to a correction to at least the mid BB, which is currently 70.70 (moving up). This could be a key indicator in telling if Shopify has already bottomed. by MaustyUpdated 101011
$SHOPNot financial advice. NYSE:SHOP drop after earnings, still inside broadening formation possible on its way to fill the gap in the purple box. will see if it gets fill and bounces or goes and revisit the bottom of the formation. RSI indicator is a bit high. Like and subscribe for more ideasby alex6666661