SHOPIFY INC - CLASS A (SHOP.CA) Stock Technical Analysis
TSX:SHOP - Toronto Stock Exchange - CA82509L1076 - Common Stock - Currency: CAD
Overall SHOP gets a technical rating of 3 out of 10. Although SHOP is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
SHOP is one of the better performing stocks in the IT Services industry, it outperforms 92% of 14 stocks in the same industry.
In the last month SHOP has a been trading in the 99.32 - 145.17 range, which is quite wide. It is currently trading near the high of this range.
SHOP has an average volume of 2687830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
Looking at the yearly performance, SHOP did better than 79% of all other stocks. However, we also see that SHOP couldn't keep up this performance in the last couple of months.
SHOP is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of SHOP is bad and it also does not present a 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
85.06
136.03
When analyzing the support we can see 4 important areas.
- A support zone ranging from 133.40 to 134.66. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 112.33 to 112.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @108.92 from a horizontal line in the daily time frame.
- Support @85.92 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 134.68 to 134.68. 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
CRS79.03
Mansfield1.51
10 Day High136.69
10 Day Low108.56
20 Day High145.17
20 Day Low99.32
52 Week High183.53
52 Week Low72.36
Performance
1 Week16.06%
2 Weeks13.88%
1 Month-8.15%
3 Month-12.82%
6 Month22.61%
12 Month38.17%
2 Year105.17%
3 Year145.06%
5 Year52.55%
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)2.78
RSI(14)54.43
LBB104.84
UBB134.42
TSX:SHOP (4/25/2025, 7:00:00 PM)
134.67
+2.9 (+2.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg2.2%
1 Week16.06%
2 Weeks13.88%
1 Month-8.15%
3 Month-12.82%
6 Month22.61%
12 Month38.17%
2 Year105.17%
3 Year145.06%
5 Year52.55%
10 YearN/A
15 YearN/A
Volatility
ATR(14)10.38
ATR(20)%8.44%
ATR Inc-49.1%
Range Today4.19
ADR(20)9.29
ADR(20)%6.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.03
Mansfield1.51
10 Day High136.69
10 Day Low108.56
20 Day High145.17
20 Day Low99.32
52 Week High183.53
52 Week Low72.36
CS1 End134.66
CR1 Start134.68
Volume & EV
DER(3)11.15%
DER(5)8.83%
Volume1.74M
Volume Incr-40.18%
Vol(5)1.93M
Vol(50)2.69M