Shopify Stock Forecast

Sell candidate since Jun 05, 2026 Gain 1.13%

The Shopify stock price gained 1.13% on the last trading day (Monday, 8th Jun 2026), rising from $109.54 to $110.78. During the last trading day the stock fluctuated 3.94% from a day low at $110.52 to a day high of $114.88. The price has risen in 7 of the last 10 days and is up by 7.55% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 7 million shares were bought and sold for approximately $769.55 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.82% during the next 3 months and, with a 90% probability hold a price between $78.92 and $106.96 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

SHOP Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Shopify stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $115.59 and $113.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 01, 2026, and so far it has fallen -10.75%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Shopify stock

Shopify finds support from accumulated volume at $107.63 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $4.36 between high and low, or 3.94%. For the last week, the stock has had daily average volatility of 4.32%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SHOP) For The Upcoming Trading Day Of Tuesday 9th

For the upcoming trading day on Tuesday, 9th we expect Shopify Inc to open at $112.06, and during the day (based on 14 day Average True Range), to move between $107.86 and $113.70, which gives a possible trading interval of +/-$5.83 (+/-5.41%) up or down from last closing price. If Shopify Inc takes out the full calculated possible swing range there will be an estimated 5.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $111.74 (0.87%) than the support at $107.63 (2.84%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Shopify Inc stock A Buy?

Shopify holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.909 Strong Sell Candidate Downgraded

Predicted Fair Opening Price

Predicted fair opening price on June 9, 2026 - $112.06 ( 1.16%).

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