Shopify Stock Technical Analysis
| SHOP Stock | USD 111.24 2.78 2.44% |
As of the 6th of February, Shopify has the Coefficient Of Variation of (524.78), variance of 10.62, and Risk Adjusted Performance of (0.14). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Shopify, as well as the relationship between them.
Shopify Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Shopify, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ShopifyShopify's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.Shopify Analyst Consensus
| Target Price | Consensus | # of Analysts | |
| 180.13 | Strong Buy | 50 | Odds |
Most Shopify analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Shopify stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Shopify, talking to its executives and customers, or listening to Shopify conference calls.
Can Internet Services & Infrastructure industry sustain growth momentum? Does Shopify have expansion opportunities? Factors like these will boost the valuation of Shopify. If investors know Shopify will grow in the future, the company's valuation will be higher. Determining accurate worth demands scrutiny of both present operating results and projected expansion capacity. Evaluating Shopify demands reviewing these metrics collectively while recognizing certain factors exert disproportionate influence.
Quarterly Earnings Growth (0.69) | Earnings Share 1.3 | Revenue Per Share | Quarterly Revenue Growth 0.315 | Return On Assets |
Investors evaluate Shopify using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Shopify's intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. External factors like market trends, sector rotation, and investor psychology can cause Shopify's market price to deviate significantly from intrinsic value.
Please note, there is a significant difference between Shopify's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shopify is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Conversely, Shopify's market price signifies the transaction level at which participants voluntarily complete trades.
Shopify 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Shopify's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Shopify.
| 11/08/2025 |
| 02/06/2026 |
If you would invest 0.00 in Shopify on November 8, 2025 and sell it all today you would earn a total of 0.00 from holding Shopify or generate 0.0% return on investment in Shopify over 90 days. Shopify is related to or competes with Applovin Corp, Uber Technologies, Salesforce, ServiceNow, Intuit, Arista Networks, and S A P. Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Mi... More
Shopify Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Shopify's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Shopify upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 15.5 | |||
| Value At Risk | (6.94) | |||
| Potential Upside | 5.06 |
Shopify Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shopify's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shopify's standard deviation. In reality, there are many statistical measures that can use Shopify historical prices to predict the future Shopify's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.70) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | (0.32) |
Shopify February 6, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.14) | |||
| Market Risk Adjusted Performance | (0.31) | |||
| Mean Deviation | 2.42 | |||
| Coefficient Of Variation | (524.78) | |||
| Standard Deviation | 3.26 | |||
| Variance | 10.62 | |||
| Information Ratio | (0.20) | |||
| Jensen Alpha | (0.70) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | (0.32) | |||
| Maximum Drawdown | 15.5 | |||
| Value At Risk | (6.94) | |||
| Potential Upside | 5.06 | |||
| Skewness | (0.57) | |||
| Kurtosis | 0.6001 |
Shopify Backtested Returns
Shopify owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.17, which indicates the firm had a -0.17 % return per unit of risk over the last 3 months. Shopify exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shopify's Variance of 10.62, risk adjusted performance of (0.14), and Coefficient Of Variation of (524.78) to confirm the risk estimate we provide. The entity has a beta of 2.0, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Shopify will likely underperform. At this point, Shopify has a negative expected return of -0.54%. Please make sure to validate Shopify's total risk alpha, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Shopify performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.7 |
Very good reverse predictability
Shopify has very good reverse predictability. Overlapping area represents the amount of predictability between Shopify time series from 8th of November 2025 to 23rd of December 2025 and 23rd of December 2025 to 6th of February 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Shopify price movement. The serial correlation of -0.7 indicates that around 70.0% of current Shopify price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 314.67 |
Shopify technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Shopify Technical Analysis
The output start index for this execution was fifty with a total number of output elements of eleven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Shopify volatility. High ATR values indicate high volatility, and low values indicate low volatility.
About Shopify Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Shopify on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Shopify based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Shopify price pattern first instead of the macroeconomic environment surrounding Shopify. By analyzing Shopify's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Shopify's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Shopify specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2023 | 2024 | 2025 | 2026 (projected) | Days Sales Outstanding | 59.71 | 68.03 | 61.22 | 33.87 | PTB Ratio | 11.01 | 11.91 | 13.7 | 13.17 |
Shopify February 6, 2026 Technical Indicators
Most technical analysis of Shopify help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Shopify from various momentum indicators to cycle indicators. When you analyze Shopify charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.14) | |||
| Market Risk Adjusted Performance | (0.31) | |||
| Mean Deviation | 2.42 | |||
| Coefficient Of Variation | (524.78) | |||
| Standard Deviation | 3.26 | |||
| Variance | 10.62 | |||
| Information Ratio | (0.20) | |||
| Jensen Alpha | (0.70) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | (0.32) | |||
| Maximum Drawdown | 15.5 | |||
| Value At Risk | (6.94) | |||
| Potential Upside | 5.06 | |||
| Skewness | (0.57) | |||
| Kurtosis | 0.6001 |
Shopify February 6, 2026 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Shopify stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 1,067,826 | ||
| Daily Balance Of Power | (0.40) | ||
| Rate Of Daily Change | 0.98 | ||
| Day Median Price | 112.26 | ||
| Day Typical Price | 111.92 | ||
| Price Action Indicator | (2.41) |
Additional Tools for Shopify Stock Analysis
When running Shopify's price analysis, check to measure Shopify's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Shopify is operating at the current time. Most of Shopify's value examination focuses on studying past and present price action to predict the probability of Shopify's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shopify's price. Additionally, you may evaluate how the addition of Shopify to your portfolios can decrease your overall portfolio volatility.