SHOP Monthly Technical Analysis
Shopify Inc
Provides e-commerce tools and payment solutions for online businesses.
SHOP Technical Analysis Summary
Shopify is in a confirmed long-term secular bull regime, maintaining strong structure above both the 20-month and 50-month moving averages. The recent monthly rebound confirms strong buyer defense at intermediate support, keeping the multi-year uptrend intact. A continued advance points toward a retest of the major secular resistance zone near 170.00–180.00.
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SHOP Monthly Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Strong monthly expansion candle bouncing decisively off the rising 20-month moving average with monthly RSI sustaining above 60.
Long-term Sentiment (weeks to months): Bullish
Clear multi-year structural uptrend established from the 2022 cycle low, maintaining a strong position above the rising 50-month moving average.
Report Metadata
- Timeframe: monthly
- Generated at: 2026-09-01T06:41:10.835Z
- Model: gemini-3.7-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $121.50 | $116.00 - $127.00 | Strong | Confluence of recent monthly pullbacks and the ascending 20-month moving average. |
| $81.50 | $75.00 - $88.00 | Strong | Major multi-year structural breakout zone aligned with the rising 50-month moving average. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $175.00 | $170.00 - $180.00 | Strong | Major secular all-time high resistance zone and upper Bollinger Band boundary. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Multi-Year Recovery / Rounding Base | Bullish | $180.00 | Large multi-year secular base following the 2022 bottom, demonstrating progressive higher lows and advancing toward previous historic highs. |
Frequently Asked Questions about SHOP
What is the current sentiment for SHOP?
The short-term sentiment for SHOP is currently Bullish because Strong monthly expansion candle bouncing decisively off the rising 20-month moving average with monthly RSI sustaining above 60.. 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 $121.50 and $81.50. 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.
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