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Shopify Inc. Class A

Stage 2 · Advancing · week 8

As of Oct 22, 2026, Shopify is in Stage 2, the uptrend phase, now in week 8 (since Aug 31, 2026). It closed at $168.81, 5.8% below its 52-week high and above its 200-day average, which is falling.

Shopify Inc., a commerce technology company, provides tools to start, scale, market, and run a business of various sizes in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. More about the company

$168.81
-3.14% today
$219B · Large cap
Market Neutral — Building

Pro read

Pro

Our read

In Stage 2, but it has already run

Setup score

—

Momentum

Accelerating ⇈

Edge

—

Setup-score rank among Stage 2 peers: #1 of 81 in Software - Application · #1 of 242 in Information Technology

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Stage Cycle Timeline2023-08-16 → 2026-10-22
S3 13w
S2 19w
S2 22w
S2 31w
2023-08-162026-10-22
S1S2S3S4Setup score (0–10, dashed line at 5)
S2 1w → S3 13w → S2 19w → S3 8w → S4 10w → S1 7w → S2 22w → S3 12w → S2 1w → S1 1w → S2 31w → S3 6w → S4 9w → S1 1w → S4 10w → S1 5w → S2 8w current
Total tracked: 164 weeks across 17 stage runs.

SHOP among Software - Application57th of 221 by relative strength

All 221 →
Stocks in Software - Application ranked by relative strength, with stage and one-month change
#StockStageRS1M
1RNGStage 2 · wk 1397+0.2%
2DHXStage 2 · wk 2997+3.5%
3FSLYStage 2 · wk 1197−24.3%
4PUBMStage 2 · wk 2495−1.6%
5FROGStage 2 · wk 2194+1.7%
6MITKStage 3 · wk 593+1.0%
7RSKDStage 2 · wk 1993+24.9%
8OOMAStage 3 · wk 192−10.7%
…57SHOPStage 2 · wk 858+18.6%
vs 52W High
-5.8%
$95.40 lo$179.22 hi
5.8% below 52W high, pullback range
How far this stock is from its 52-week high. A pullback of 3–20% while Stage 2 structure holds is typically a better entry than chasing near the high.
Stage Maturity
Week 8
1w13w26w
Week 8, early Stage 2
How long this stock has been in Stage 2. The sweet spot is mid-run: long enough to prove the structure holds, not so long that it's extended. Very fresh moves (weeks 1–4) often need more time to confirm.
vs 200 DMA
30.0%
200 DMA: $129.87 · sloping down
Long-term trend anchor. When the stock and the S&P 500 are both above their 200-day averages, the backdrop supports continuation.
Rel Volume
1.27x
vs 50-day avg
Low vol (0.5–1x) on pullbacks = resting, not being sold. High vol on breakouts = commitment. Volume spike on down days is a warning sign.
Trend Health
↑ ⇈
Short-term trend rising strongly, and accelerating
Two reads of momentum. The arrow shows the direction of the short-term trend: rising (↑ or ↗), flat (→) or rolling over (↓). The ⇈ mark appears when our trend model reads the move as gaining speed on top of the longer trend. Strongest when both agree.
1M
+18.6%
3M
+48.4%
6M
+35.9%
YTD
+7.4%
1Y
+3.8%
Scan Membership
Breakout Watch
Latest: 2025-06-16
13 appearances in last 60 days. First seen: 2019-02-05.
A stock that keeps qualifying week after week does so because its Stage 2 structure keeps holding. Staying power in the scan says more about the trend than any single appearance.
Recent Stage Timeline
2026-10-22S2
Wk 8 · Vol 1.27x
2026-10-21S2
Wk 8 · Vol 0.77x
2026-10-20S2
Wk 8 · Vol 0.77x
2026-10-19S2
Wk 7 · Vol 0.76x
2026-10-16S2
Wk 7 · Vol 1.71x
2026-10-15S2
Wk 7 · Vol 1.12x
2026-10-14S2
Wk 7 · Vol 0.85x
2026-10-13S2
Wk 7 · Vol 0.71x
2026-10-12S2
Wk 6 · Vol 1.26x
2026-10-09S2
Wk 6 · Vol 0.68x
2026-10-08S2
Wk 6 · Vol 0.73x
2026-10-07S2
Wk 6 · Vol 0.65x
Moving averages & range
50 DMA
$150.91
200 DMA
$129.87
52W High
$179.22
52W Low
$95.40
5D Low
$168.81
Resistance levels (recent highs)
20d High
$179.22
60d High
$179.22
120d High
$179.22
250d High
$179.22
Next resistance
+6.2%
to 20d High
P/E (TTM)
114.1
Forward 68.7
Earnings Growth (YoY)
+68.1%
Revenue +33.7%
ROE
+15.5%
Profit margin +14.5%
Dividend Yield
0.00%
P/B 17.2

Shopify: quick answers

What stage is Shopify in?

As of Oct 22, 2026, Shopify (SHOP) is in Stage 2, the uptrend phase. It entered Stage 2 on Aug 31, 2026 and is in week 8. What the four stages mean

Is Shopify in an uptrend?

Yes. Shopify is in a Stage 2 uptrend. It trades 30.0% above its 200-day average, which is falling.

How far is Shopify from its 52-week high?

Shopify closed at $168.81 on Oct 22, 2026, 5.8% below its 52-week high of $179.22. Its 52-week low is $95.40.

How has Shopify performed over the past year?

As of Oct 22, 2026, Shopify is up 3.8% over the past year and up 7.4% so far in 2026.

Which sector and industry is Shopify in?

Shopify is in the Software - Application industry, part of the Information Technology sector.

About this companyInformation Technology· Software - Application

Shopify Inc., a commerce technology company, provides tools to start, scale, market, and run a business of various sizes in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The Company offers Shopify platform that enables merchants to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, source products, leverage analytics, and reporting and access financing for running their business across all of their sales channels, including web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces. It also provides Shopify Payments, a fully integrated payment processing service that allows merchants to accept and process payment cards online and offline. In addition, the company engages in the sale of themes and apps; shipping labels through Shopify Shipping; point-of-sale hardware; advertising on the Shopify App Store; and Shop Campaigns for buyer acquisitions, as well as registration of domain names. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is based in Ottawa, Canada.

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All analytics based on EOD data. Data as of 2026-10-22. Past data patterns are not indicative of future results. This page is a data analytics tool only.