SHOPIFY INC - CLASS A (SHOP.CA) Stock Technical Analysis
Canada • Toronto Stock Exchange • TSX:SHOP • CA82509L1076
Taking everything into account, SHOP scores 0 out of 10 in our technical rating. SHOP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, SHOP is a bad performer in the overall market: 91% of all stocks are doing better.
- In the last month SHOP has a been trading in the 148.74 - 237.10 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- SHOP has an average volume of 1688020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- SHOP is part of the IT Services industry. There are 12 other stocks in this industry, SHOP did better than 45% of them.
- SHOP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SHOP is lagging the market.
The technical rating of SHOP is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
150.66
When analyzing the support we notice one important area.
- A support zone ranging from 152.18 to 153.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @177.57 from a trend line in the daily time frame.
- A resistance zone ranging from 223.74 to 226.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @232.49 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for SHOP.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SHOP.CA is down. |
| ChartMill Relative Strength | 9.86 | NEGATIVE | SHOP.CA has a low relative strength, it was outperformed by 90.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SHOP.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SHOP.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SHOP.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 20.39 | OVERSOLD | The low RSI value suggests SHOP.CA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -4.22 | NEGATIVE | The MACD value suggests SHOP.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.23 | OVERSOLD | The low Stochastics value suggests SHOP.CA may be oversold. |
| Average True Range in percent/ATR (20) | 6.27 | HIGH VOLATILITY | The high ATR as a percentage value for SHOP.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 42.13 | POSITIVE | The high ADX value value for SHOP.CA suggests a strong trend. |
TSX:SHOP (2/6/2026, 7:00:00 PM)
153.06
+0.65 (+0.43%)
SHOPIFY INC - CLASS A / SHOP.CA FAQ
What is the ChartMill technical rating of SHOPIFY INC - CLASS A (SHOP.CA) stock?
ChartMill assigns a technical rating of 0 / 10 to SHOP.CA.
What is the trend direction for SHOP stock?
The current trend direction for SHOPIFY INC - CLASS A (SHOP.CA) is Bearish.
What is the RSI signal for SHOP stock?
SHOPIFY INC - CLASS A (SHOP.CA) has an RSI value of 20.3907. This indicates that the stock is currently oversold.
Can you provide the short term momentum for SHOPIFY INC - CLASS A?
The short term momentum for SHOPIFY INC - CLASS A (SHOP.CA) is negative.
Can you provide the buy/sell signal for SHOPIFY INC - CLASS A?
The buy/sell signal for SHOPIFY INC - CLASS A (SHOP.CA) is sell as both the short term and long term trends are negative.