SHOP Daily Technical Analysis
Shopify Inc
Provides e-commerce tools and payment solutions for online businesses.
SHOP Technical Analysis Summary
Shopify is in a short-term corrective phase following its August rally toward $164, with the current price hovering right around the 200-day moving average at $130.34. A sustained hold at this level could allow for consolidation and a retest of moving average resistance around $136-$140. A decisive breakdown below the 200-day SMA would open the door for a deeper correction toward the lower Bollinger Band near $120.
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SHOP Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price has experienced a sharp pullback from the August highs near $164, trading below both the 20-day and 50-day moving averages, with RSI declining below 50.
Long-term Sentiment (weeks to months): Neutral
Price is testing the 200-day moving average around $130.34, while the 50-day MA remains above the 200-day MA following a prior recovery from the May lows.
Report Metadata
- Timeframe: daily
- Generated at: 2026-09-18T20:19:31.673Z
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $119.50 | $118.00 - $121.00 | Moderate | Aligns with the lower Bollinger Band and late July breakout/consolidation area. |
| $112.00 | $110.00 - $114.00 | Strong | Horizontal base and support zone established during May and June consolidation. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $138.00 | $136.00 - $140.00 | Moderate | Confluence of the 20-day SMA ($139.88) and 50-day SMA ($136.08). |
| $160.00 | $156.00 - $164.00 | Strong | Swing highs formed in August marked by the upper Bollinger Band rejection. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Moderate | Pullback to 200-day SMA | Neutral | N/A | After a strong summer rally, the price has retraced directly to test the flat-to-rising 200-day simple moving average. |
Frequently Asked Questions about SHOP
What is the current sentiment for SHOP?
The short-term sentiment for SHOP is currently Bearish because Price has experienced a sharp pullback from the August highs near $164, trading below both the 20-day and 50-day moving averages, with RSI declining below 50.. The long-term trend is classified as Neutral.
What are the key support levels for SHOP?
StockDips.AI has identified key support levels for SHOP at $119.50 and $112.00. These levels may represent potential accumulation zones where buying interest could emerge.
Is SHOP in a significant dip or a Value Dip right now?
SHOP has a Value Score of 51/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.