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 10 out of 10 in our technical rating. 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.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that SHOP is one of the better performing stocks in the market, outperforming 90% of all stocks. We also observe that the gains produced by SHOP over the past year are nicely spread over this period.
SHOP is part of the IT Services industry. There are 12 other stocks in this industry. SHOP outperforms 90% of them.
SHOP is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
SHOP is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
SHOP has an average volume of 1732240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although SHOP has an excellent technical rating, the quality of the presented setup is not ideal 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
107.83
207.86
We found 3 important support areas.
- A support zone ranging from 168.34 to 168.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @127.88 from a trend line in the weekly time frame.
- Support @108.92 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 | 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 | 90.32 | POSITIVE | SHOP.CA has a high relative strength, it outperformed 90.32% 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) | 70.31 | OVERBOUGHT | The high RSI value suggests SHOP.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.33 | POSITIVE | The MACD value suggests SHOP.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.83 | OVERBOUGHT | The high Stochastics value suggests SHOP.CA may be overbought. |
| Average True Range in percent/ATR (20) | 4.1 | MEDIUM VOLATILITY | The ATR as a percentage value for SHOP.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 21.71 | NEUTRAL | The ADX value for SHOP.CA suggests a possible start of a new 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 (8/12/2025, 7:00:00 PM)
205.8
+2.42 (+1.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg1.19%
1 Week17.49%
2 Weeks18.17%
1 Month28.67%
3 Month32.85%
6 Month13.11%
12 Month101.69%
2 Year128.95%
3 Year394.95%
5 Year47.71%
10 YearN/A
15 YearN/A
Volatility
ATR(14)9.13
ATR(20)%4.1%
ATR Inc-28.02%
Range Today4.7
ADR(20)6.48
ADR(20)%3.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.32
Mansfield3.2
10 Day High215.75
10 Day Low159.66
20 Day High215.75
20 Day Low154.85
52 Week High215.75
52 Week Low89.4
CS1 End168.73
CR1 StartN/A
Volume & EV
DER(3)1.85%
DER(5)1.6%
Volume1.24M
Volume Incr26.7%
Vol(5)2.12M
Vol(50)1.73M