SHOP Daily Technical Analysis
Shopify Inc
Provides e-commerce tools and payment solutions for online businesses.
SHOP Technical Analysis Summary
SHOP has experienced an aggressive short-term breakdown following a failed rally toward the 160–165 zone, falling back beneath both its 50-day and 200-day moving averages. Although the long-term trend remains range-bound between roughly 100 and 180, current technical momentum is clearly skewed to the downside as the stock presses below the lower Bollinger Band. For longer-term investors, reclaiming the 131–135 moving average cluster is critical to stabilizing the structure and avoiding a deeper retest of summer support near 116–120.
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SHOP Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price has suffered a steep sell-off, penetrating beneath the lower Bollinger Band and breaking below the 20-day, 50-day, and 200-day SMAs with RSI dropping sharply to 36.77.
Long-term Sentiment (weeks to months): Neutral
The stock remains trapped within a broad, multi-month consolidation range between roughly 100 and 180, currently trading back just below the flattish 200-day SMA (131.09).
Report Metadata
- Timeframe: daily
- Generated at: 2026-09-10T20:20:51.418Z
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $118.00 | $116.00 - $120.00 | Moderate | Prior consolidation shelf and swing lows from June and July. |
| $99.00 | $96.00 - $102.00 | Strong | Major multi-month base and swing low established in May. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $132.00 | $129.00 - $135.00 | Strong | Key confluence zone consisting of the 200-day SMA (131.09), the 50-day SMA (135.00), and the lower Bollinger Band. |
| $146.00 | $144.00 - $148.00 | Moderate | Prior breakdown level aligned with the declining 20-day SMA (145.99). |
| $162.50 | $160.00 - $165.00 | Strong | August swing high resistance where the previous rally failed. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Moving Average Breakdown | Bearish | $118.00 | Sharp bearish momentum pushed price decisively through both the 50-day and 200-day moving averages in rapid succession. |
Frequently Asked Questions about SHOP
What is the current sentiment for SHOP?
The short-term sentiment for SHOP is currently Bearish because Price has suffered a steep sell-off, penetrating beneath the lower Bollinger Band and breaking below the 20-day, 50-day, and 200-day SMAs with RSI dropping sharply to 36.77.. The long-term trend is classified as Neutral.
What are the key support levels for SHOP?
StockDips.AI has identified key support levels for SHOP at $118.00 and $99.00. 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 39/100. 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.