SHOPIFY INC - CLASS A (SHOP.CA) Stock Technical Analysis
TSX:SHOP - Toronto Stock Exchange - CA82509L1076 - Common Stock - Currency: CAD
Taking everything into account, SHOP scores 9 out of 10 in our technical rating. In the past year, SHOP was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
When comparing the yearly performance of all stocks, we notice that SHOP is one of the better performing stocks in the market, outperforming 87% of all stocks. We also observe that the gains produced by SHOP over the past year are nicely spread over this period.
SHOP is one of the better performing stocks in the IT Services industry, it outperforms 100% of 12 stocks in the same industry.
SHOP has an average volume of 2586430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SHOP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SHOP is lagging the market slightly.
In the last month SHOP has a been trading in the 122.40 - 156.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although SHOP has an excellent technical rating, it does not present a decent entry opportunity 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
86.15
158.40
When analyzing the support we can see 6 important areas.
- A support zone ranging from 137.66 to 138.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 127.97 to 127.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @116.22 from a trend line in the weekly time frame.
- Support @113.64 from a trend line in the daily time frame.
- Support @108.92 from a horizontal line in the daily time frame.
- Support @87.02 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 153.07 to 156.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for SHOP.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SHOP.CA is up. |
| ChartMill Relative Strength | 87.32 | POSITIVE | SHOP.CA has a high relative strength, it outperformed 87.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SHOP.CA is below 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) | 50.56 | NEUTRAL | The RSI value for SHOP.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests SHOP.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 55.24 | NEUTRAL | The Stochastics value for SHOP.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.67 | MEDIUM VOLATILITY | The ATR as a percentage value for SHOP.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 12.48 | NEGATIVE | The low ADX value for SHOP.CA suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX:SHOP (5/23/2025, 7:00:00 PM)
139.51
-3.68 (-2.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-2.57%
1 Week-9.37%
2 Weeks6.59%
1 Month5.87%
3 Month-15.18%
6 Month-6.67%
12 Month79.16%
2 Year79.62%
3 Year193.8%
5 Year33.51%
10 YearN/A
15 YearN/A
Volatility
ATR(14)7.21
ATR(20)%4.67%
ATR Inc-41.81%
Range Today3.39
ADR(20)5.15
ADR(20)%3.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.32
Mansfield1.02
10 Day High156.99
10 Day Low123.85
20 Day High156.99
20 Day Low122.4
52 Week High183.53
52 Week Low72.36
CS1 End138.55
CR1 Start153.07
Volume & EV
DER(3)6.98%
DER(5)8%
Volume1.77M
Volume Incr-2.47%
Vol(5)2.12M
Vol(50)2.59M