SHOP technical analysis
SHOP Technical Analysis
Analysis date
August 5, 2026
Market
NasdaqGS (USD)
Daily cutoff
August 4, 2026
Reliability
Passed
Informational use only. This page is not investment advice.
Data verification
SHOP Data Verification
Checking the latest completed daily bar for date and closing-price consistency before indicators are calculated.
- Symbol
- SHOP
- Market
- NasdaqGS
- Currency
- USD (US Dollar)
- Latest completed bar
- August 4, 2026
Historical prices are adjusted for corporate actions when applicable. Date and closing-price consistency checks passed for the latest completed daily bar.
| Validation series | Latest Close | Date | Difference | Status |
|---|---|---|---|---|
| Calculation series | 123.30 | August 4, 2026 | - | Verified |
| Verification series | 123.30 | August 4, 2026 | 0.00% | Verified |
Bottom line
SHOP Technical Analysis Summary
SHOP presents a mixed technical picture as of the August 4, 2026 data cutoff. Price at 123.30 sits above the daily SMA20 (122.27) and SMA50 (116.68) but below the daily SMA200 (132.82). The weekly chart is similarly balanced: price is near its SMA20 (115.73), below the SMA50 (134.81), and above the long-term SMA200 (88.94). RSI near 53 on the daily and 48 on the weekly is neutral. The daily MACD histogram is negative but narrowing after a sharp bounce on more than double the average volume, while the weekly MACD histogram is positive, suggesting downside momentum is easing. Key support is at 111.06 (20-day low), with stronger support near 94.00 (60-day low and 52-week low). Resistance is at 133.99 (recent swing high), which aligns with the daily SMA200, and then the 52-week high at 182.19.
Multi-timeframe dashboard
Multi-Timeframe Technical Dashboard
Comparing daily (2-year) and weekly (5-year) perspectives to identify aligned or conflicting signals.
Daily (August 4, 2026)
- Trend
- Mixed. Price at 123.30 is above the SMA20 (122.27) and SMA50 (116.68) but below the SMA200 (132.82). The strong rebound session brought price back above the shorter-term averages, but the SMA200 still caps the longer-term picture.
- Momentum
- Neutral. RSI14 at 53.29 is just above the 50 midline, showing a mild pickup after recent selling. MACD at 1.25 with signal at 1.82 and a histogram of -0.57 remains negative, though the gap is narrowing, which points to fading downside pressure.
- Volatility
- Elevated. ATR14 at 6.31 (5.12% of price) reflects wide daily swings for a large-cap growth stock. Bollinger Bands (113.05 to 131.49) are wide, with price near the middle band after the bounce.
- Volume
- Well above average. Latest volume of 20,781,169 is 2.38 times the 20-period average (8,731,673), confirming strong participation behind the up move.
Assessment
The daily chart shows a stock that sold off sharply over the prior week and then rebounded with conviction on above-average volume. Price is back above the SMA20 and SMA50 but still below the SMA200, leaving the trend mixed. RSI near 53 and a narrowing negative MACD histogram suggest momentum is stabilizing. A move above 133.99 (recent swing high) in line with the SMA200 would strengthen the daily setup, while a loss of 111.06 (20-day low) would re-expose the downside toward 94.00.
Weekly (July 27, 2026 week)
- Trend
- Mixed. Price at 117.15 is near the SMA20 (115.73) and above the long-term SMA200 (88.94), but below the SMA50 (134.81). The SMA200 remaining well below price indicates the multi-year uptrend has not been broken.
- Momentum
- Neutral. RSI14 at 47.86 is below the 50 midline but not deeply bearish. MACD at -3.70 with signal at -5.23 and a positive histogram of 1.53 shows weekly downside momentum is easing even though the MACD line is still below its signal.
- Volatility
- Elevated. ATR14 at 15.28 (13.04% of price) reflects the wide weekly ranges seen during the recent selloff and rebound.
- Volume
- Slightly above average. Weekly volume of 52,411,700 is 1.15 times the 20-week average (45,635,590), reflecting active trading through the correction.
Assessment
The weekly chart keeps the longer-term trend intact because price remains above the SMA200, but the decline below the SMA50 shows intermediate-term weakness. The positive weekly MACD histogram and the bounce off the 52-week low zone near 94.00 suggest selling pressure is fading. The key weekly battle is between the recent swing high near 137.30 and the 94.00 low. A weekly close above 137.30 would suggest the correction is over, while a break below 94.00 would signal a deeper pullback.
Key indicators
SHOP Key Technical Indicators
RSI, MACD, moving averages, ATR, and Bollinger Bands across daily and weekly timeframes.
| Indicator | Daily | Weekly |
|---|---|---|
| RSI (14) | 53.29 | 47.86 |
| MACD (12, 26, 9) | 1.25 / 1.82 / -0.57 | -3.70 / -5.23 / 1.53 |
| ATR (14) | 6.31 (5.12%) | 15.28 (13.04%) |
| Bollinger Bands (20, 2) | 113.05 - 131.49 | 100.00 - 131.47 |
| SMA (20) | 122.27 | 115.73 |
| SMA (50) | 116.68 | 134.81 |
| SMA (200) | 132.82 | 88.94 |
Price structure
SHOP Price Structure and Returns
Price performance across multiple lookback periods and 52-week position.
| Metric | Daily | Weekly |
|---|---|---|
| Current Price | 123.30 | 117.15 |
| 1-Period Return | +5.38% | +2.99% |
| 5-Period Return | -5.36% | +0.25% |
| 20-Period Return | +1.17% | -4.73% |
| 60-Period Return | +10.35% | +5.15% |
| 252-Period Return | +3.96% | -13.27% |
| 52-Week Low | 94.00 | 94.00 |
| 52-Week High | 182.19 | 182.19 |
| 52-Week Position | 33.22% | 26.25% |
Key levels
SHOP Support and Resistance Levels
Key price levels based on recent swing highs and lows across daily and weekly timeframes.
| Level | Daily | Weekly |
|---|---|---|
| 20-Period High | 133.99 | 137.30 |
| 20-Period Low | 111.06 | 94.00 |
| 60-Period High | 133.99 | 182.19 |
| 60-Period Low | 94.00 | 94.00 |
Scenarios
SHOP Technical Scenarios
Conditions, invalidation triggers, and what to watch for each scenario.
Bullish
Trigger
Price reclaims the daily SMA200 and breaks above the swing high at 133.99 with above-average volume.
Invalidation
Price fails to hold above the 20-day low of 111.06 after the breakout attempt.
What to watch
Sustained closes above 133.99 followed by the daily MACD histogram turning positive; RSI holding above 50 on pullbacks.
Range-Bound
Trigger
Price continues to oscillate between 111.06 support and 133.99 resistance while the daily SMA200 caps upside.
Invalidation
A decisive break of either boundary with increasing volume.
What to watch
RSI staying between 40 and 60; volume normalizing toward the 20-day average; MACD histogram staying near zero.
Bearish
Trigger
Price breaks below the 20-day low at 111.06 and then tests the 60-day low and 52-week low at 94.00.
Invalidation
Price reclaims the SMA20 (122.27) and holds above it with above-average volume.
What to watch
Sustained closes below the SMA20; increasing downside volume; the weekly MACD histogram turning negative.
Methodology
Methodology and Limitations
This technical analysis is calculated locally from adjusted OHLCV history. The daily series ends August 4, 2026, and the weekly series ends July 27, 2026 week. The latest completed daily bar is independently checked for date and closing-price consistency. Historical prices are adjusted for corporate actions when applicable. Indicators include Wilder RSI(14), MACD(12,26,9), SMA20/50/200, Wilder ATR(14), Bollinger Bands(20,2), relative volume, multi-period returns, and price-range levels. Support and resistance are descriptive zones, not guaranteed reversal points. Historical patterns do not predict future prices, and this page is not investment advice.
Frequently Asked Questions
This technical analysis is for informational and educational purposes only. It does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Past performance and historical patterns are not guarantees of future results. All investments carry risk, including the potential loss of principal. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Market data is checked for date and closing-price consistency before indicators are calculated. Data cutoffs: daily August 4, 2026, weekly July 27, 2026 week. Generated August 5, 2026.
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