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Shopify Inc.

SHOP Technical Analysis Summary (NASDAQ)

Analyze SHOP on the NASDAQ with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

SHOP●NASDAQ
TechnologySoftware - Application
$144.24
$20.94(16.98%)
U.S. Market opens in 16h 1m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

SHOP Technical Analysis Summary (NASDAQ)

Shopify Inc. (NASDAQ: SHOP) stock currently shows a neutral trend on the NASDAQ, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bullish (RSI: 52.95)
Trend Strength:Weak (ADX: 16.52)
Volatility:Medium (ATR: 6.33)
Support/Resistance:$113.04 – $131.47 (Bollinger Bands)

Technical conditions suggest Shopify Inc. on the NASDAQ is awaiting a decisive move. Overall, Shopify Inc. remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 52.95

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 34.79

Bearish
Momentum remains weak below midpoint.

Williams %R: -48.14

Neutral
Balanced market without strong signals.

Rate of Change (ROC): -0.48

Neutral
Price change is minimal.

Takeaway:Shopify Inc. shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: 1.20

Bullish
Bullish, trend momentum is strengthening.

ADX: 16.52

Weak
Weak trend, market trading sideways.

ATR (14): 6.33

High
High volatility, wide price fluctuations.

CCI (14): -10.76

Neutral
Neutral, no strong directional signal.

Takeaway:Shopify Inc. shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$131.47
Middle Band (SMA 20)
$122.25
Lower Band
$113.04
Current Position
Above Upper Band

Takeaway:Shopify Inc. trades near the upper band, signaling overbought conditions and risk of pullback.

Keltner Channels
Upper Channel
$133.62
Middle Line (EMA 20)
$120.97
Lower Channel
$108.31
Squeeze Status
Squeeze On

Takeaway:Shopify Inc. trades near the upper channel, signaling resistance and risk of pullback.

Volume & Money Flow Analysis
On-Balance Volume-54.00M
Money Flow Index48.15Neutral, balanced money flows with no clear signal.
Relative Vigor Index42.21Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:SHOP shows balanced money flow with a slight bearish tilt.

Technical Trading Signals Summary
Based on the current technical analysis of Shopify Inc. (NASDAQ: SHOP), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

Price trading above middle Bollinger Band → mid-term support intact.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

Price near upper Bollinger Band → potential resistance and pullback risk.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for Shopify Inc. are mixed, suggesting a Hold or wait-and-see approach.

(NASDAQ: SHOP) Technical Analysis FAQ