SHOP Technical Analysis & Stock Price Forecast

Technical Sentiment

Overall Consensus

Sell

Buy

Technical Analysis Consensus

Sell

Buy

Moving Average Consensus

Sell

Buy

Shopify Inc (SHOP) Moving Averages Convergence Divergence (MACD) indicator is -2.699, suggesting SHOP is Strong Sell.

Shopify Inc (SHOP) 20-Day simple moving average is 122.275, while Shopify Inc (SHOP) share price is $110.41, making it Sell.

Shopify Inc (SHOP) 60-Day simple moving average is 121.319, while Shopify Inc (SHOP) share price is $110.41, making it Sell.

Technical Analysis for SHOP

Technical Sentiment Analysis for Shopify Inc (SHOP) As of 2026-05-08, Shopify Inc (SHOP) is exhibiting a Strong Sell technical sentiment. Our proprietary analysis, which aggregates 13 technical signals, shows that 4 indicators are flashing buy, while 9 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SHOP stands at 40.72, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -2.699, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 14.916 and the Commodity Channel Index (CCI) at -123.503 further confirm a -15.42 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, SHOP is trading below its 60-day moving average of $121.319 and below its 200-day long-term moving average of $141.672. Key price levels to watch include the immediate resistance at $130.111 and strong support at $104.991. A break above $130.111 could signal a bull continuation, while falling below $104.991 may test the next Fibonacci floor at $92.07.

Shopify Inc (SHOP) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	79.871	92.07	104.991	117.19	130.111	142.31	155.231
Fibonacci	92.07	101.666	107.594	117.19	126.786	132.714	142.31

Shopify Inc (SHOP) Technical Indicators

2026-05-08

Name	Value
RSI_14	40.72
STOCHk_14_3_3	14.916
STOCHd_14_3_3	15.125
CCI_20	-123.503
AO_5_34	-6.928
MOM_10	-15.42
MACD_12_26_9	-2.699

Shopify Inc (SHOP) Relative Strength Index (RSI) is 40.72, creating a Neutral signal.

Shopify Inc (SHOP) Stochastic Oscillator is 14.916, creating a Buy signal.

Shopify Inc (SHOP) Stochastic RSI is 15.125, creating a Buy signal.

Shopify Inc (SHOP) Commodity Channel Index (CCI) is -123.503, creating a Buy signal.

Shopify Inc (SHOP) Awesome Oscillator is -6.928, creating a Sell signal.

Shopify Inc (SHOP) Momentum is -15.42, creating a Sell signal.

Shopify Inc (SHOP) MACD is -2.699, creating a Sell signal.

Shopify Inc (SHOP) Moving Average

2026-05-08

Period	Simple	Signal
MA_5	112.554	Sell
MA_10	117.911	Sell
MA_20	122.275	Sell
MA_60	121.319	Sell
MA_200	141.672	Sell
MA_250	135.644	Sell

Shopify Inc (SHOP) 5-Day simple moving average is 112.554, while Shopify Inc (SHOP) share price is $110.41, making it a Sell.

Shopify Inc (SHOP) 10-Day simple moving average is 117.911, while Shopify Inc (SHOP) share price is $110.41, making it a Sell.

Shopify Inc (SHOP) 20-Day simple moving average is 122.275, while Shopify Inc (SHOP) share price is $110.41, making it a Sell.

Shopify Inc (SHOP) 60-Day simple moving average is 121.319, while Shopify Inc (SHOP) share price is $110.41, making it a Sell.

Shopify Inc (SHOP) 200-Day simple moving average is 141.672, while Shopify Inc (SHOP) share price is $110.41, making it a Sell.

Shopify Inc (SHOP) 250-Day simple moving average is 135.644, while Shopify Inc (SHOP) share price is $110.41, making it a Sell.

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Frequently Asked Questions

What is the current technical consensus for SHOP?

The overall technical consensus for Shopify Inc (SHOP) is currently Strong Sell. This rating is derived from a combined analysis of moving averages and oscillators, currently showing 4 buy signals and 3 sell signals.

What are the key support and resistance levels for Shopify Inc (SHOP) today?

Based on pivot point calculations, Shopify Inc (SHOP) has an immediate support level at 104.991 and a major resistance level at 130.111. Traders also monitor the pivot point at 117.19 to determine the intraday trend direction.

Is Shopify Inc (SHOP) overbought or oversold based on the RSI?

The Relative Strength Index (RSI) for Shopify Inc (SHOP) is currently 40.72. This indicates that the stock is in neutral territory (typically, a value below 30 is oversold and above 70 is overbought).

What signal is the MACD providing for Shopify Inc (SHOP)?

Shopify Inc (SHOP) Moving Averages Convergence Divergence (MACD) indicator is -2.699, suggesting SHOP is Strong Sell. This indicator helps identify potential trend reversals or momentum shifts for Shopify Inc.

How is Shopify Inc (SHOP) performing relative to its 200-day moving average?

Shopify Inc (SHOP) is currently trading at $110.41, which is below its 200-day simple moving average of 141.672. Trading below the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.