SHOP chart analysis today
SHOP broke down from a rising wedge this bar after the weekly downtrend broke. Above $147.01 the break has failed.
Shopify · daily · last close $139.82 · read computed from candles through 2026-09-01. No AI, no signal, no target.
The two prices that decide it
- Above
- $147.01 · the breakout
- Below
- $124.10 · the trendline
- Formation state
- Broke below $147.01 this bar on normal volume. No retest yet.
- Trend
- a series of higher highs and higher lows over the window, 3 steps across 28 bars — and that run is OVER: price closed below the last higher low 0 bars ago. Do not describe it as a trend that is still running.
- Agreement
- Structure 3 of 4 (high) · indicators 1 of 3 (low)
Levels and what happened there
- Resistance $156.41
- The last four times price reached $156.41 it held every time, bouncing 9.4% on average.
- Bigger picture Weekly downtrend broken, daily uptrend broken. weekly — the downtrend broke, bull flag at $147.36. Warning: the weekly downtrend broke 5 weeks ago, so the bigger chart is no longer backing a fall.
- 52 weeks 23% below its 52-week high of $182.19 and 49% above its 52-week low of $94.00.
Read your own SHOP chart, on any timeframe
This page is the daily read as of 2026-09-01, computed when the site was last built. On /analyze the same engine reads the live candles on five timeframes, or a screenshot from any charting app, and Coach Chad writes it up. 1 free read every 7 days, no account.
Analyze SHOP now →Every figure on this page was computed from real candle data through 2026-09-01 by the same deterministic engine that reads a chart on /analyze; no language model was involved. It describes what is on the chart. It is not advice, a signal, a forecast or a recommendation. Learn to read it yourself in the chart-reading series.