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 -1.991, suggesting SHOP is Neutral.

Shopify Inc (SHOP) 20-Day simple moving average is 107.372, while Shopify Inc (SHOP) share price is $118.71, making it Buy.

Shopify Inc (SHOP) 60-Day simple moving average is 117.592, while Shopify Inc (SHOP) share price is $118.71, making it Buy.

Technical Analysis for SHOP

Technical Sentiment Analysis for Shopify Inc (SHOP) As of 2026-05-29, Shopify Inc (SHOP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 16 technical signals, shows that 8 indicators are flashing buy, while 8 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SHOP stands at 58.823, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -1.991, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 88.314 and the Commodity Channel Index (CCI) at 106.514 further confirm a 21.29 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, SHOP is trading below its 60-day moving average of $117.592 and below its 200-day long-term moving average of $139.624. Key price levels to watch include the immediate resistance at $118.679 and strong support at $94.839. A break above $118.679 could signal a bull continuation, while falling below $94.839 may test the next Fibonacci floor at $83.5.

Shopify Inc (SHOP) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	70.999	83.5	94.839	107.34	118.679	131.18	142.519
Fibonacci	83.5	92.607	98.233	107.34	116.447	122.073	131.18

Shopify Inc (SHOP) Technical Indicators

2026-05-29

Name	Value
RSI_14	58.823
STOCHk_14_3_3	88.314
STOCHd_14_3_3	73.596
CCI_20	106.514
AO_5_34	-5.857
MOM_10	21.29
MACD_12_26_9	-1.991

Shopify Inc (SHOP) Relative Strength Index (RSI) is 58.823, creating a Neutral signal.

Shopify Inc (SHOP) Stochastic Oscillator is 88.314, creating a Sell signal.

Shopify Inc (SHOP) Stochastic RSI is 73.596, creating a Neutral signal.

Shopify Inc (SHOP) Commodity Channel Index (CCI) is 106.514, creating a Sell signal.

Shopify Inc (SHOP) Awesome Oscillator is -5.857, creating a Sell signal.

Shopify Inc (SHOP) Momentum is 21.29, creating a Buy signal.

Shopify Inc (SHOP) MACD is -1.991, creating a Sell signal.

Shopify Inc (SHOP) Moving Average

2026-05-29

Period	Simple	Signal
MA_5	109.648	Buy
MA_10	106.179	Buy
MA_20	107.372	Buy
MA_60	117.592	Buy
MA_200	139.624	Sell
MA_250	135.488	Sell

Shopify Inc (SHOP) 5-Day simple moving average is 109.648, while Shopify Inc (SHOP) share price is $118.71, making it a Buy.

Shopify Inc (SHOP) 10-Day simple moving average is 106.179, while Shopify Inc (SHOP) share price is $118.71, making it a Buy.

Shopify Inc (SHOP) 20-Day simple moving average is 107.372, while Shopify Inc (SHOP) share price is $118.71, making it a Buy.

Shopify Inc (SHOP) 60-Day simple moving average is 117.592, while Shopify Inc (SHOP) share price is $118.71, making it a Buy.

Shopify Inc (SHOP) 200-Day simple moving average is 139.624, while Shopify Inc (SHOP) share price is $118.71, making it a Sell.

Shopify Inc (SHOP) 250-Day simple moving average is 135.488, while Shopify Inc (SHOP) share price is $118.71, 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 Neutral. This rating is derived from a combined analysis of moving averages and oscillators, currently showing 4 buy signals and 6 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 94.839 and a major resistance level at 118.679. Traders also monitor the pivot point at 107.34 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 58.823. 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 -1.991, suggesting SHOP is Neutral. 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 $118.71, which is below its 200-day simple moving average of 139.624. Trading below the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.