SHOPIFY INC - CLASS A (SHOP.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:SHOP - CA82509L1076 - Common Stock
Overall SHOP gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SHOP is showing a nice and steady performance.
Besides having an excellent technical rating, SHOP also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 232.08. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 228.46, a Stop Loss order could be placed below this zone.
More info and screens
145.85
We found 6 important support areas.
- A support zone ranging from 221.31 to 228.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @211.74 from a trend line in the daily time frame.
- Support @204.91 from a horizontal line in the weekly time frame.
- Support @196.31 from a horizontal line in the daily time frame.
- Support @191.71 from a horizontal line in the daily time frame.
- Support @147.32 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 232.08 to 232.49. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for SHOP.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SHOP.CA is up. |
| ChartMill Relative Strength | 73.33 | POSITIVE | SHOP.CA has a high relative strength, it outperformed 73.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SHOP.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SHOP.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SHOP.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.74 | NEUTRAL | The RSI value for SHOP.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.68 | POSITIVE | The MACD value suggests SHOP.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.19 | NEUTRAL | The Stochastics value for SHOP.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.77 | MEDIUM VOLATILITY | The ATR as a percentage value for SHOP.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 13.04 | NEGATIVE | The low ADX value for SHOP.CA suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 232.50 | 221.30 | 11.20 (4.82%) | 20.76% |
| An entry @232.50. This is a Buy Stop order right above the resistance zone. | An exit @221.30. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 11.20 points, which is 4.82%. | When investing 20.76% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of SHOP. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:SHOP (12/29/2025, 7:00:00 PM)
229.85
-1.91 (-0.82%)
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 9 / 10 to SHOP.CA.
What is the current trend direction of SHOPIFY INC - CLASS A (SHOP.CA) stock?
The current trend direction for SHOPIFY INC - CLASS A (SHOP.CA) is Bullish.
What is the RSI signal for SHOP stock?
SHOPIFY INC - CLASS A (SHOP.CA) has an RSI value of 54.7365. This indicates that the stock is currently neutral.
What is the MACD signal for SHOPIFY INC - CLASS A (SHOP.CA) stock?
The MACD indicator for SHOPIFY INC - CLASS A (SHOP.CA) has a value of 0.683332, indicating a bearish trend.
Can you provide the short term momentum for SHOPIFY INC - CLASS A?
The short term momentum for SHOPIFY INC - CLASS A (SHOP.CA) is positive.