Meyka Pro is live. Get 50% off your first 3 months.Get Started →
Meyka Pro banner
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
$148.91
$2.32(1.59%)
U.S. Market is Open · 15:40

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 bullish trend on the NASDAQ, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Bullish (RSI: 60.19)
Trend Strength:Strong (ADX: 32.23)
Volatility:Medium (ATR: 6.57)
Support/Resistance:$110.29 – $168.13 (Bollinger Bands)

Technical conditions suggest Shopify Inc. on the NASDAQ is awaiting a decisive move. Technical conditions suggest Shopify Inc. is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 60.19

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 72.76

Bullish
Buying momentum building without extremes.

Williams %R: -25.34

Bullish
Buying pressure building steadily.

Rate of Change (ROC): 26.48

Strongly Bullish
Strong upside momentum.

Takeaway:Shopify Inc. shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: 7.75

Bullish
Bullish, trend momentum is strengthening.

ADX: 32.23

Strong
Strong trend, momentum well established.

ATR (14): 6.57

High
High volatility, wide price fluctuations.

CCI (14): 8.44

Neutral
Neutral, no strong directional signal.

Takeaway:Shopify Inc. shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$168.13
Middle Band (SMA 20)
$139.21
Lower Band
$110.29
Current Position
Within Bands

Takeaway:Shopify Inc. trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$154.50
Middle Line (EMA 20)
$141.36
Lower Channel
$128.22
Squeeze Status
No Squeeze

Takeaway:Shopify Inc. trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume83.21M
Money Flow Index61.56Bullish, inflows support continued momentum.
Relative Vigor Index42.27Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:SHOP shows mixed signals in money flow analysis.

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.

ADX above 20 → strong underlying trend.

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.

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