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 technology company that provides a platform enabling merchants to manage their businesses online and offline, including features for inventory management, payment processing, shipping, and analytics. The company also offers integrated payment services, advertising tools, third-party apps, and other complementary solutions for sales across multiple channels.
Description generated automatically from public sources; it may be inaccurate or out of date.
Shopify Inc.: latest session data
Closing values for October 21, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
226.87
+8.27%
50 sessions
210.22
+16.85%
200 sessions
180.16
+36.34%
Session levels
s2
235.07
Support
s1
239.54
Support
pivot
243.59
Pivot
r1
248.06
Resistance
r2
252.11
Resistance
How to read it
In the October 21, 2026 session Shopify Inc. closed higher at 245.63 , +0.66% versus the previous session.
The price sits above every moving average observed: +8.27% against the 21-session average, +16.85% against the 50 and +36.34% against the 200.
The 14-period RSI reads 65.3, in neutral territory.
MACD stands at 12.775 against a signal line at 12.007: the histogram is positive (+0.768).
ADX reads 25.2, indicating a marked directionality.
Levels computed on the latest session place supports at 239.54 and 235.07 and resistances at 248.06 and 252.11 , around a pivot of 243.59.
The average daily range (ATR) is 10.319 , or 4.20% of price.
Turnover was 896K shares, 47% of the 20-session average.
Over the last twelve months the price ranged between 129.01 and 255.95 , and today stands −4.03% 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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