SHOPIFY INC - CLASS A (SHOP.CA) Stock Technical Analysis
TSX:SHOP - Toronto Stock Exchange - CA82509L1076 - Common Stock - Currency: CAD
We assign a technical rating of 9 out of 10 to SHOP. Both in the recent history as in the last year, SHOP has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, SHOP did better than 86% of all other stocks.
SHOP is part of the IT Services industry. There are 15 other stocks in this industry. SHOP outperforms 85% of them.
SHOP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SHOP is lagging the market slightly.
SHOP has an average volume of 1930900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month SHOP has a been trading in the 147.57 - 183.53 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 offer a high quality setup 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
82.60
167.41
We found 4 important support areas.
- Support @153.01 from a trend line in the daily time frame.
- Support @149.54 from a horizontal line in the weekly time frame.
- A support zone ranging from 145.34 to 145.81. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @83.43 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 165.00 to 165.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.44
Mansfield3.38
10 Day High183.53
10 Day Low164.08
20 Day High183.53
20 Day Low147.57
52 Week High183.53
52 Week Low72.36
Performance
1 Week-9.14%
2 Weeks-3.23%
1 Month7.74%
3 Month10.03%
6 Month59.84%
12 Month59.8%
2 Year192.77%
3 Year86.93%
5 Year163.92%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.63
RSI(14)46.21
LBB162.23
UBB185.92
TSX:SHOP (2/21/2025, 7:00:00 PM)
164.48
-10.49 (-6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-6%
1 Week-9.14%
2 Weeks-3.23%
1 Month7.74%
3 Month10.03%
6 Month59.84%
12 Month59.8%
2 Year192.77%
3 Year86.93%
5 Year163.92%
10 YearN/A
15 YearN/A
Volatility
ATR(14)8.76
ATR(20)%5.15%
ATR Inc49.16%
Range Today13.8
ADR(20)7.96
ADR(20)%4.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.44
Mansfield3.38
10 Day High183.53
10 Day Low164.08
20 Day High183.53
20 Day Low147.57
52 Week High183.53
52 Week Low72.36
CS1 End153.01
CR1 Start165
Volume & EV
DER(3)-6.31%
DER(5)-3.46%
Volume2.09M
Volume Incr5.09%
Vol(5)2.07M
Vol(50)1.93M