Shopify stock price in intraday action

In intraday action, Shopify stock price saw support near $71 and resistance at $74, highlighting short-term consolidation. Traders watch for volume spikes as signals for potential breakout in the technology retail segment. As it expands globally, it's also expanding its product line, with innovations like its LightSpray technology that creates a shoe with a spray gun and a robot. It's also collaborating to generate enthusiasm, like a recent partnership with Levi's that sold out within days. The U.S. government shut down on Oct. 1, potentially delaying the BLS jobs report and other key federal releases. Markets dislike uncertainty—especially with the Fed insisting policy remains “data dependent.” In the absence of official numbers, investors turned to private indicators: ADP reported a 32,000 drop in September private payrolls alongside softer wage growth. With this month’s labor report postponed as a result of the U.S. government shutdown, all eyes are, of course, on the U.S. non-farm payrolls figure in November . Technical analysts see these levels as important markers for next trend development.