SHOPIFY INC - CLASS A (SHOP.CA) Stock Technical Analysis
Canada - TSX:SHOP - CA82509L1076 - Common Stock
We assign a technical rating of 8 out of 10 to SHOP. In the last year, SHOP was one of the better performers, but we do observe some doubts in the very recent evolution.
Although SHOP has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
138.14
We found 4 important support areas.
- A support zone ranging from 211.17 to 214.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @201.93 from a trend line in the daily time frame.
- Support @190.10 from a horizontal line in the daily time frame.
- Support @139.54 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The short term trend for SHOP.CA is neutral. |
| ChartMill Relative Strength | 81.94 | POSITIVE | SHOP.CA has a high relative strength, it outperformed 81.94% 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) | UP | MIXED | The current price of SHOP.CA is below 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) | 40.98 | NEUTRAL | The RSI value for SHOP.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.56 | NEGATIVE | The MACD value suggests SHOP.CA has a negative trend. |
| Stochastics (14,3) | 18.32 | OVERSOLD | The low Stochastics value suggests SHOP.CA may be oversold. |
| Average True Range in percent/ATR (20) | 4.93 | MEDIUM VOLATILITY | The ATR as a percentage value for SHOP.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 23.17 | NEUTRAL | The ADX value for SHOP.CA suggests a possible start of a new trend. |
TSX:SHOP (11/7/2025, 7:00:00 PM)
214.22
-6.11 (-2.77%)
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 8 / 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 40.9781. 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 -3.56037, 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 neutral.