SHOP Weekly Technical Analysis
Shopify Inc
Provides e-commerce tools and payment solutions for online businesses.
SHOP Technical Analysis Summary
Shopify remains in a constructive long-term uptrend, trading well above its upward-sloping 200-week moving average (92.86) despite a pullback from the 185 peak. In the intermediate term, price action is range-bound between support around 105-110 and resistance near 158-160. A sustained weekly breakout above the 50-week moving average at 134.45 is needed to resume short-term bullish momentum toward the top of the range.
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SHOP Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Neutral
Price is consolidating between the rising 20-week moving average (124.14) and the declining 50-week moving average (134.45) following a rejection from the 158-160 zone, confirmed by an RSI near 49.
Long-term Sentiment (weeks to months): Bullish
The broad multi-year structure shows sustained higher lows since the 2022 bottom, with the price holding comfortably above the upward-sloping 200-week moving average (92.86).
Report Metadata
- Timeframe: weekly
- Generated at: 2026-09-18T21:04:28.919Z
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $122.25 | $120.00 - $124.50 | Moderate | Confluence of the 20-week moving average / Bollinger middle band and recent weekly candle bases. |
| $106.00 | $102.00 - $110.00 | Strong | Major swing low zone formed earlier in 2026 that served as a launchpad for the recent rebound. |
| $92.50 | $90.00 - $95.00 | Strong | Long-term dynamic support anchored by the rising 200-week moving average and the lower weekly Bollinger Band. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $136.00 | $134.00 - $138.00 | Moderate | Immediate resistance aligned with the 50-week moving average and recent breakdown level. |
| $157.50 | $155.00 - $160.00 | Strong | Upper Bollinger Band barrier and multiple weekly rejection wicks from the recent rally attempt. |
| $184.00 | $180.00 - $188.00 | Strong | Major cyclical peak and multi-year high set in late 2025/early 2026. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Moderate | Horizontal Trading Range | Neutral | N/A | Multi-month consolidation roughly bounded between 105-110 support and 158-160 resistance following the pullback from cyclical highs. |
| Strong | Macro Ascending Trend Structure | Bullish | $185.00 | Long-term series of higher highs and higher lows established above the rising 200-week moving average. |
Frequently Asked Questions about SHOP
What is the current sentiment for SHOP?
The short-term sentiment for SHOP is currently Neutral because Price is consolidating between the rising 20-week moving average (124.14) and the declining 50-week moving average (134.45) following a rejection from the 158-160 zone, confirmed by an RSI near 49.. The long-term trend is classified as Bullish.
What are the key support levels for SHOP?
StockDips.AI has identified key support levels for SHOP at $122.25 and $106.00. 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.