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SHOP Technical Analysis

Shopify Inc. — AI-powered chart analysis updated every trading day at 6 PM ET

Multi-Timeframe Overview

Daily
FALLING KNIFE
Weekly
FALLING KNIFE
Monthly
BOTTOMING ATTEMPT

As of May 22, 2026, SHOP (Shopify Inc.) is in a falling knife state on the daily timeframe with 72% confidence. The weekly chart shows a falling knife pattern (68% confidence), while the monthly timeframe indicates bottoming attempt.

SHOP Shopify Inc. daily candlestick chart with moving averages and RSI — falling knife
Daily FALLING KNIFE
Sharp selloff into a new swing low near ~$98 followed by a bounce to ~$103, still below all key MAs; RSI ~41 suggests weak/oversold-rebound conditions rather than strength.
SHOP Shopify Inc. weekly candlestick chart with moving averages and RSI — falling knife
Weekly FALLING KNIFE
Sharp weekly selloff to ~$103 with a large red close, breaking below the ~$110–$115 support band and sitting just above EMA200 (~$99.8); RSI weak (~39.6).
SHOP Shopify Inc. monthly candlestick chart with moving averages and RSI — bottoming attempt
Monthly BOTTOMING ATTEMPT
Sharp pullback from ~$180 peak, now consolidating around the rising EMA20 (~$119.8) with RSI ~53 (cooling but not washed out).

Frequently Asked Questions

What is the current technical outlook for SHOP?

As of May 22, 2026, SHOP (Shopify Inc.) is in a falling knife state on the daily timeframe with 72% confidence. Sharp selloff into a new swing low near ~$98 followed by a bounce to ~$103, still below all key MAs; RSI ~41 suggests weak/oversold-rebound conditions rather than strength.

What are the support and resistance levels for SHOP?

On the daily chart, SHOP has key support at $98.0 and resistance at $116. On the weekly chart, support sits at $99.0 with resistance at $116. The monthly timeframe shows support at $120 and resistance at $135.

What timeframes are available for SHOP?

FolioCharts provides daily, weekly, and monthly technical analysis for SHOP. Each timeframe is analysed independently by AI agents using moving averages, RSI, and price action.

How often is SHOP analysis updated?

SHOP daily charts are updated every trading day at 6 PM ET. Weekly charts refresh on Fridays and monthly charts on the last trading day of each month. Learn more about our methodology.

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