SHOP Stock Analysis: Shopify Inc.

Updated Nov 4, 2026, after the Nov 3 close. Nasdaq, Software - Application. Refreshed every trading day after the nightly scan.

$142.57 -8.74% Nov 3 close

The short answer

As of the Nov 3, 2026 close, QuantivFlow's Trend algo rates SHOP EXIT on the short-term (daily) horizon, a stance it has held since Oct 29, 2026 at $166.89. The mid-term (weekly) and long-term (monthly) horizons read EXIT and EXIT. The Rebound algo's Short term profile flagged a BUY on Oct 27, 2026 at $165.81, after the stock closed 3.7% below its 12-day average with a 2-day RSI of 5. The Patterns algo has no active chart pattern on the daily or weekly chart. The daily RSI (14) is 33, and the price sits 6.7% under the 50-day average and 9.8% above the 200-day.

Three algos, three opinions is normal: Trend follows the established direction, Rebound buys sharp dips inside it, Patterns reads the chart shape. Not investment advice.

What Trend meansA trend-following algo. BUY while an uptrend holds on that horizon, EXIT when it breaks. Long only, judged on daily, weekly and monthly candles.
What Rebound meansA dip-buying algo. BUY after a sharp short-term drop in an otherwise healthy stock, EXIT once price closes back above its 12-day average. Short term and Mid term profiles.
What Patterns meansA chart-shape detector. Finds wedges, double tops and bottoms, cup and handle and more, marks the breakout or breakdown and measures the textbook price target. Full method

Trend

rides uptrends, long only
Short term (daily)EXIT
Mid term (weekly)EXIT
Long term (monthly)EXIT

Daily EXIT since Oct 29, 2026 at $166.89. Weekly EXIT since Jul 24, 2026 at $113.75. Monthly EXIT since Jun 2024.

Rebound

buys sharp dips
Short termBUY
Mid termEXIT

Short term: BUY on Oct 27, 2026 at $165.81 (2-day RSI 5.0, close 3.7% below the 12-day average). Mid term: the last dip trade closed on Sep 25, 2026 at $142.25; no open dip position. The exit comes when price closes back above its 12-bar average or after 10 bars.

Patterns

chart shapes with targets
Daily: Bull pennantINVALIDATED

The daily bull pennant that broke down on Oct 23, 2026 was invalidated on Oct 29, 2026.

Daily indicators at the Nov 3 close

Read from the daily chart. The weekly and monthly readings are in the app.

MomentumValueRead
RSI (14)33.3weak, not yet oversold
MACD / signal0.62 / 4.36below signal, falling
ADX (14)20.9weak trend
+DI / -DI13.5 / 35.4sellers lead
ATR (14)8.355.9% of price
Price levelsValuevs price
SMA 20167.95-15.1%
SMA 50152.77-6.7%
SMA 200129.81+9.8%
Bollinger (20, 2)151.64 to 184.26below the lower band
52-week range94.00 to 180.8856% of range
Volume24.8M3.0x the 20-day average

How the algos have done on SHOP

Closed signals on this stock, from each algo's own history on the horizon named. Past results do not guarantee future results.

Trend, short term (2.7y) Not enough closed trades on this stock yet (4 so far; 5 needed).
Trend, mid term (10y)
40%win rate
+76.8%avg per trade
5closed trades
Trend, long term (11.5y) Not enough closed trades on this stock yet (1 so far; 5 needed).
Rebound, short term (2.8y)
71%win rate
+0.9%avg per trade
21closed trades
Rebound, mid term (10y)
73%win rate
+10.0%avg per trade
11closed trades
Patterns, all horizons (2y) Not enough measured breaks on this stock yet (2 detected; 5 needed).

Recent signals on SHOP

DateAlgoHorizonSignalPriceNote
2026-10-29TrendShort term EXIT 166.89closed the BUY from $179.22 at -6.9%
2026-10-27ReboundShort term BUY 165.812-day RSI 5.0, open
2026-10-23PatternsDaily Bull pennant breakdown invalidated Oct 29
2026-10-12TrendShort term BUY 179.22later closed
2026-09-25ReboundMid term EXIT 142.25closed the BUY from Sep 18 at +10.7%
2026-09-21PatternsDaily Bear pennant breakout
2026-09-18ReboundMid term BUY 128.502-week RSI 9.4
2026-09-16ReboundShort term EXIT 129.96closed the BUY from Sep 1 at -7.1%
2026-09-01ReboundShort term BUY 139.822-day RSI 5.7
2026-07-24TrendMid term EXIT 113.75closed the BUY from $128.35 at -11.4%

The full SHOP analysis is in the QuantivFlow app

  • Chart patterns drawn on the chart, with their measured targets
  • RSI, MACD, ADX, moving averages, Bollinger Bands and volume, read for you
  • How each algo has done on SHOP: win rate, average gain, every past signal
  • A push notification the day a signal or pattern changes

Free on both stores. Scan the code with your phone, or search "QuantivFlow".

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Questions about SHOP

Is SHOP in an uptrend right now?

Not by the Trend algo's reading, on any horizon. The daily horizon is EXIT since Oct 29, 2026. The weekly horizon is EXIT since Jul 24, 2026. The monthly horizon is EXIT since June 2024. Trend is long only: BUY means the uptrend holds on that horizon, EXIT means it broke.

Is SHOP oversold?

Close to it. The daily RSI (14) closed at 33.3; the classic oversold line is 30. On the shorter scale the Rebound algo uses, the 2-day RSI fell to 5 on Oct 27, 2026 and the stock closed 3.7% under its 12-day average, which is what triggered its BUY.

What chart pattern is SHOP forming?

The daily bull pennant that broke down on Oct 23, 2026 was invalidated on Oct 29, 2026.

Where is SHOP's 200-day moving average?

$129.81 at the Nov 3, 2026 close, with the stock at $142.57, 9.8% above it. The 50-day average is $152.77, 6.7% above the price.

Is SHOP a buy today?

QuantivFlow does not give advice. It shows what each algo sees: Trend is EXIT on the daily horizon, Rebound sees a dip worth buying for a short bounce, Patterns sees no active chart pattern. How you weigh the three depends on your horizon and risk tolerance; past signals do not guarantee future results.

Other technology stocks

Generated by QuantivFlow after every trading day from the same scan that powers the app. Signals describe what the algos observed on end-of-day data, not what you should do. QuantivFlow is not a broker or an investment adviser. Trading involves risk, including the loss of principal.

Data as of Nov 3, 2026 close. Page updated Nov 4, 2026 04:00 UTC. Machine-readable version: quantivflow.com/stocks/SHOP.json