SHOP Daily Technical Analysis
Shopify Inc
Provides e-commerce tools and payment solutions for online businesses.
SHOP Technical Analysis Summary
Shopify is currently in a deep correction, trading well below its major long-term moving averages (50 and 200 SMAs), which confirms a bearish trend structure. Recently, the price found support near the 102 level and is initiating a technical bounce from oversold conditions as indicated by the RSI and Bollinger Bands. Immediate upside may be limited by the declining 20-day SMA around 125, serving as the first test of resistance. Without reclaiming the 138-140 zone (200 SMA), the long-term outlook remains cautious.
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SHOP Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Neutral
The stock is staging a relief bounce from oversold levels (RSI recovering from below 30) and the lower Bollinger Band, but remains below the declining 20-day SMA.
Long-term Sentiment (weeks to months): Bearish
Price is trading significantly below both the 50-day and 200-day SMAs, indicating a broken long-term uptrend.
Report Metadata
- Timeframe: daily
- Generated at: 2026-02-18T15:01:12.123Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $101.50 | $100.00 - $103.00 | Strong | Recent swing low coinciding with the lower Bollinger Band. |
| $92.50 | $90.00 - $95.00 | Weak | Historical consolidation zone visible earlier in the chart. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $125.50 | $125.00 - $126.00 | Strong | Confluence of the 20-day SMA (Bollinger Band basis) and previous price action. |
| $139.00 | $138.00 - $140.00 | Strong | Location of the 200-day SMA and a prior support-turned-resistance zone. |
| $149.00 | $148.00 - $150.00 | Moderate | Aligns with the 50-day SMA. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Moderate | Oversold Bounce | Bullish | $125.38 | Price is rebounding from the lower Bollinger Band while RSI exits the oversold territory (<30), suggesting a mean reversion move. |
| Strong | Major Trend Breakdown | Bearish | N/A | The stock has aggressively broken below key long-term moving averages (50 and 200 SMAs) on expanded volume. |
Frequently Asked Questions about SHOP
What is the current sentiment for SHOP?
The short-term sentiment for SHOP is currently Neutral because The stock is staging a relief bounce from oversold levels (RSI recovering from below 30) and the lower Bollinger Band, but remains below the declining 20-day SMA.. The long-term trend is classified as Bearish.
What are the key support levels for SHOP?
StockDips.AI has identified key support levels for SHOP at $101.50 and $92.50. 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 16/100. 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.