Shopify Inc. technical analysis
Technical analysis of Shopify Inc. (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
What is Shopify Inc.
Shopify Inc. is a commerce technology company that provides a platform enabling merchants to manage products, inventory, orders, and payments, as well as fulfillment, shipping, and customer relationships across multiple sales channels. The company also offers complementary services including payment processing through Shopify Payments, the sale of themes and applications, shipping labels, and point-of-sale hardware.
Description generated automatically from public sources; it may be inaccurate or out of date.
Shopify Inc.: latest session data
Closing values for September 4, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
149.72 $
−1.74%
50 sessions
134.19 $
+9.63%
200 sessions
131.32 $
+12.02%
Session levels
s2
140.73
Support
s1
143.30
Support
pivot
144.84
Pivot
r1
147.41
Resistance
r2
148.95
Resistance
How to read it
In the September 4, 2026 session Shopify Inc. closed higher at 147.11 $, +0.84% versus the previous session.
The price sits mixed against its moving averages: −1.74% against the 21-session average, +9.63% against the 50 and +12.02% against the 200.
The 14-period RSI reads 54.0, in neutral territory.
MACD stands at 3.193 against a signal line at 4.937: the histogram is negative (−1.744).
ADX reads 23.9, indicating weak directionality.
Levels computed on the latest session place supports at 143.30 and 140.73 $ and resistances at 147.41 and 148.95 $, around a pivot of 144.84.
The average daily range (ATR) is 5.783 $, or 3.93% of price.
Turnover was 3.5M shares, 56% of the 20-session average.
Over the last twelve months the price ranged between 94.00 and 158.87 $, and today stands −7.40% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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How Montbon’s technical analysis works
Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
FAQ about Shopify Inc.
How is Shopify Inc. analysed technically?
Technical analysis of Shopify Inc. is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for Shopify Inc.?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to Shopify Inc.?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to Shopify Inc. it helps frame the technical structure of the historical chart and is not a forecast.
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Disclaimer. For informational purposes only; not financial advice or a recommendation. Montbon Analytics is not an authorised financial intermediary.
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