Overall SHOP gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
SHOP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 168.42. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 160.54, a Stop Loss order could be placed below this zone.
More info and screens
102.17
We found 6 important support areas.
- A support zone ranging from 160.53 to 160.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 153.48 to 157.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @146.03 from a horizontal line in the weekly time frame.
- Support @140.25 from a horizontal line in the daily time frame.
- Support @136.68 from a horizontal line in the daily time frame.
- Support @103.20 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 168.42 to 168.78. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @173.87 from a horizontal 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 is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SHOP is neutral. |
| ChartMill Relative Strength | 89.33 | POSITIVE | SHOP has a high relative strength, it outperformed 89.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SHOP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SHOP is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SHOP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.59 | NEUTRAL | The RSI value for SHOP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests SHOP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 65.88 | NEUTRAL | The Stochastics value for SHOP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.62 | MEDIUM VOLATILITY | The ATR as a percentage value for SHOP suggests some volalility. |
| Average Directional Index/ADX (14) | 11.06 | NEGATIVE | The low ADX value for SHOP 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 |
|---|---|---|---|
| 168.79 | 160.52 | 8.27 (4.90%) | 20.41% |
| An entry @168.79. This is a Buy Stop order right above the resistance zone. | An exit @160.52. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 8.27 points, which is 4.90%. | When investing 20.41% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
NASDAQ:SHOP (1/13/2026, 10:17:08 AM)
166.405
-1.53 (-0.91%)
SHOPIFY INC - CLASS A / SHOP FAQ
What is the ChartMill technical rating of SHOPIFY INC - CLASS A (SHOP) stock?
ChartMill assigns a technical rating of 7 / 10 to SHOP.
What is the trend direction for SHOP stock?
The current trend direction for SHOPIFY INC - CLASS A (SHOP) is Bullish.
What is the RSI signal for SHOP stock?
SHOPIFY INC - CLASS A (SHOP) has an RSI value of 54.593. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SHOPIFY INC - CLASS A?
The short term momentum for SHOPIFY INC - CLASS A (SHOP) is neutral.