SHOPIFY INC - CLASS A (SHOP.CA) Technical Analysis
TSX:SHOP • CA82509L1076
Current stock price
SHOP.CA Technical Rating and Analysis
Taking everything into account, SHOP scores 1 out of 10 in our technical rating. SHOP has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- In the last month SHOP has a been trading in the 153.00 - 183.38 range, which is quite wide. It is currently trading near the lows of this range.
- SHOP has an average volume of 2104290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, SHOP turns out to be only a medium performer in the overall market: it outperformed 55% of all stocks.
- SHOP is part of the IT Services industry. There are 12 other stocks in this industry, SHOP did better than 54% of them.
- 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.
SHOP.CA Weekly and Daily overview Charts
SHOP.CA Setup Rating and Analysis
Although the technical rating is bad, SHOP does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 175.30. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 153.42, a Stop Loss order could be placed below this zone.
More info and screens
SHOP.CA Support and Resistance Analysis
149.03
We found 2 important support areas.
- A support zone ranging from 153.05 to 153.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @150.54 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 175.30 to 176.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @184.27 from a horizontal line in the daily time frame.
- Resistance @213.44 from a trend line in the daily time frame.
SHOP.CA Technical Indicator Signal Analysis
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 | 55.65 | NEUTRAL | SHOP.CA is not amongst the best or worst performers 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) | 47.52 | NEUTRAL | The RSI value for SHOP.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests SHOP.CA has a positive trend. |
| Stochastics (14,3) | 40.62 | NEUTRAL | The Stochastics value for SHOP.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.97 | MEDIUM VOLATILITY | The ATR as a percentage value for SHOP.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 15.41 | NEGATIVE | The low ADX value for SHOP.CA suggests a weak or negative trend. |
SHOP.CA Chart- and CandleStick Pattern Analysis
SHOP.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:SHOP (4/2/2026, 7:00:00 PM)
164.58
-0.12 (-0.07%)
SHOPIFY INC - CLASS A / SHOP.CA TA FAQ
What is the ChartMill technical rating of SHOPIFY INC - CLASS A (SHOP.CA) stock?
ChartMill assigns a technical rating of 1 / 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 SHOPIFY INC - CLASS A (SHOP.CA) stock?
SHOPIFY INC - CLASS A (SHOP.CA) has an RSI value of 47.5213. 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 0.114655, indicating a bearish trend.
What is the short term momentum for SHOP stock?
The short term momentum for SHOPIFY INC - CLASS A (SHOP.CA) is negative.