JFD Brokers Logo
Shopify – Breakout and rally?

Shopify – Breakout and rally?

2024/12/05
11:03
JFD Research

JFD Research

JFD Research, Technical Analysis

The stock has gained 48.3% this year. What should 2025 be like? Can the stock maintain this pace?

Shopify stock broke out above the USD 92 mark, with a significant gap in November due to strong numbers. It is currently trading at USD 113. Our main scenario envisages a move towards the old all-time high in the region of USD 176 in 2025. This can happen with or without a “gap fill.” Currently, we favor the direct increase without closing the gap at USD 92.

However, as a secondary scenario, we have the detour via the USD 92 in the back of our minds.

Below 90 USD, the breakout should be considered a false breakout and lower prices are to be expected.

Disclaimer:

The content we produce does not constitute investment advice or investment recommendation (should not be considered as such) and does not in any way constitute an invitation to acquire any financial instrument or product. The Group of Companies of JFD, its affiliates, agents, directors, officers or employees are not liable for any damages that may be caused by individual comments or statements by JFD analysts and assumes no liability with respect to the completeness and correctness of the content presented. The investor is solely responsible for the risk of his investment decisions. Accordingly, you should seek, if you consider appropriate, relevant independent professional advice on the investment considered. The analyses and comments presented do not include any consideration of your personal investment objectives, financial circumstances or needs. The content has not been prepared in accordance with the legal requirements for financial analyses and must therefore be viewed by the reader as marketing information. JFD prohibits the duplication or publication without explicit approval.

There are risks involved with trading of cash equities. Past performance is not indicative of future results. You should consider whether you can tolerate such losses before trading. Please read the full Risk Disclosure (https://www.jfdbrokers.com/en/legal/risk-disclosure).

Copyright 2024 JFD Group Ltd.

Get in Touch with Us

Sign Up For Our Newsletter
Live Chat 24/5
support@jfdbrokers.com
+49 40 87408688
Attention icon
Trade
Responsibly

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59.18% of the retail investor accounts lose money when trading CFDs with JFD. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Seek independent advice if necessary and review our Risk Disclosure and Privacy Policy before opening an account.

JFD Group Ltd is a company incorporated in Cyprus under registration number HE 282265, with its registered office at 70 Kyrillou Loukareos, KAKOS PREMIER TOWER, 2nd Floor, 4156 Limassol, Cyprus. The Company is authorised and regulated by the Cyprus Securities and Exchange Commission (“CySEC”) under Licence No. 150/11 and operates in full compliance with the Markets in Financial Instruments Directive (MiFID II). “JFD Brokers” is a brand name and registered trademark owned and used by the JFD Group of Companies.

JFD Group Ltd is licensed to provide the investment services of reception and transmission of orders in relation to one or more financial instruments, execution of orders on behalf of clients, dealing on own account, portfolio management and investment advice. In addition, the Company is authorised to provide the ancillary services of safekeeping and administration of financial instruments, granting credits or loans in connection with one or more financial instruments, foreign exchange services linked to the provision of investment services, and investment research and financial analysis. Clients are strongly advised to read and fully understand the Terms and Conditions of JFD Group Ltd before engaging in any activity with the Company.

Access to the Company’s trading platform and investment services is strictly prohibited for individuals under the age of 18, or below the legal age of majority in their country of residence, and for any persons who are otherwise legally incapable of entering into binding contracts under applicable laws. In the case of legal entities, access is limited to those duly incorporated and authorised to enter into legally binding agreements under the laws of their jurisdiction of incorporation, formation or domiciliation.

JFD Group Ltd may only provide services to clients resident in the European Economic Area (EEA) or in jurisdictions where the Company holds the necessary legal authorisations to do so.

The provision of investment services is restricted for residents of certain countries, including but not limited to the United States of America, Russia, Belarus, Poland, Latvia, the Czech Republic, Moldova, Montenegro, Serbia, the United Kingdom and any other jurisdiction where domestic regulations prohibit such offerings.

To provide you with the best possible experience, this site uses cookies. By continuing to browse or by clicking "Accept All Cookies", you agree to the cookie usage. Find out more in our Privacy Policy.
More options
Important information about your CFD trading account:  

JFD is discontinuing its CFD business operations in the current form. Your client agreement will end on April 28, 2026.

What does this mean for you?

From April 21, 2026: opening new positions will no longer be possible.

Open positions will be automatically closed by April 28, 2026.

Your option: You may choose to continue trading with another provider. One available option is GBE Brokers Ltd.

If you wish, you can open an account with GBE brokers and request the transfer of your data, subject to your explicit consent.

This announcement is provided for information purposes only and does not constitute investment advice or a personal recommendation.

Risk Warning: 59.18% of retail investor accounts lose money when trading CFDs with this provider.CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure.