Shopify Inc (SHOP) — Technical state

As of 2026-11-09 — re-computed nightly across the coverage universe. Closelooknet diary readings, not advice.

The Closelooknet read

Closelooknet score: 57 out of 100 (momentum 76 · quality 58 · valuation 14), as of 2026-11-11.
Signal: In a correction — 16.5% off its high — 16.5% below its 52-week high and under its 50-day — a textbook 10-to-20% correction. (as of 2026-11-09)
Trend: Shopify Inc trades 0.3% below its 50-day and 17.0% above its 200-day moving average. (as of 2026-11-09)
Index seat: Agentic Winners 40

Shopify supplies the software platform merchants use to run a store, covering inventory and order management, payments, shipping, marketing and analytics across web, mobile, physical and social channels. It also sells Shopify Payments for card processing, point-of-sale hardware, apps and themes through its own app store, and domain registration.

The full read — the desk's view, the earnings record, peers and the company snapshot — is on the SHOP overview. Agents can buy the score depth per call over HTTP 402 — see the catalogue. Research diary readings, not advice.

In a correction — 16.5% off its high

16.5% below its 52-week high and under its 50-day — a textbook 10-to-20% correction.

Ranked #36 on today’s Directional Flow — Rising fastest list (scan of 2026-11-10).

The moving-average stack

vs 20-day-7.2%
vs 50-day-0.3%
vs 200-day+17%
52-week band16.5% off the high · +61.8% off the low
Streak2 consecutive up sessions
50-day crossprice crossed down through the 50-day 3 sessions ago
Stochastic%K 29.5 · %D 27.9

Analyst consensus (context)

Target 176 (+15.9% vs the baked price) · Buy · 45 buy / 18 hold / 3 sell. Third-party consensus, shown for context — not a Closelooknet view.

Continue: the SHOP chart & overview · quality & forensics · the earnings record · the signal board

FAQ · from the current data · as of 2026-11-09

Quick answers

What is the current Closelooknet signal on SHOP?

In a correction — 16.5% off its high — 16.5% below its 52-week high and under its 50-day — a textbook 10-to-20% correction. As of 2026-11-09; the signal board re-computes across the coverage universe nightly. A research diary reading, not advice.

Is SHOP above its 50-day and 200-day moving averages?

As of 2026-11-09, Shopify Inc trades -0.3% below its 50-day and +17% above its 200-day average, with the 20-day -7.2% away.

How far is SHOP from its 52-week high?

16.5% below the 52-week high and 61.8% above the 52-week low, as of 2026-11-09.

What is the analyst consensus on Shopify Inc?

Consensus target 176 (+15.9% vs the baked price), rating Buy, with 45 buy / 18 hold / 3 sell recommendations, as of 2026-11-09 — third-party consensus data, shown for context, not a Closelooknet view.

Mentioned on Closelooknet

Where SHOP appears in the diary — 12 pieces, newest first. Every link is our own writing.

Go deeper

The Agentic Winners 25A Leading Indicator for the Agentic Software RotationDossier · $49 one-time, or included in C+

Long reads

The Agentic Winners 25Dossier · $49 · 31 Mar 2026Shopify is the commerce operating system for the agent economy — its integration with Google's UCP positions it as the platform through which AI shopping agents will browse, compare, and purchase on behalf of consumers.
The SaaS Litmus Test: Is The March Bottom Real?Weekly Signal · 19 Apr 2026

Dailies

AI Builders — Chips Bounce 4%, AMD Jumps 10% and IREN 20% After a Strong Jobs ReportMidday 10 · 6 Nov 2026Shopify at 149.01 is above its paid line of 146.85.
AI Trade — Chips Bounce 3% Before AMD; Apple, Palantir and Shopify Slip After Their ReportsMidday 10 · 3 Nov 2026Apple falls 2.1% on a holiday-quarter margin guide that falls short, Palantir pares a 9.2% pre-market fall to 2.5% on slower contract growth, and Shopify and Dynatrace drop 5.4% and 11.0% after trading 13% and 17% lower.
Chips — memory and optics sold again: Lumentum −7.7%, SanDisk −6.5%, chip fund −2.6%; Meta +3.8%Midday 10 · 12 Oct 2026Software apps rise, software funds don't: Shopify +3.6%, Workday +2.8%, Salesforce +2.5%, Microsoft +1.1% — IGV −0.7%
Brent closes above $100 for the first time since July and the 10-year hits 4.86%: Wall Street falls a third day while Cloudflare +10%, Datadog +7% and Meta +7% catch the money the chip leaders gave backMorning 10 · 10 Sept 2026The software ETF itself still fell 0.8%: Shopify −5.5%, ServiceNow −2.3%, Salesforce −2.0%, CoreWeave −4.9%, IonQ −5.8%.
Chips lead the market down as oil tops $105 and the 10-year hits 4.92%: Micron −4%, Intel −4%, Nvidia −2.5% — while software posts its first up day in six and Apple gains 3%Midday 10 · 10 Sept 2026The iShares software ETF is up 0.5% at $102.38, its first gain in six sessions, with ServiceNow +2.1%, Salesforce +0.6%, Datadog +0.5% and Shopify +0.3% after two heavy days; Cloudflare −0.2% at $313 and Meta −0.2% at $652 are holding…
Oil knocks on $100 and Wall Street sells everything but the AI pipe: Intel +9%, Lumentum +11%, Dow −1.2% — Seoul buys the dip and the Kospi is back above 7,000Morning 10 · 9 Sept 2026Intel +9.1% on another CPU price rise, AMD +5.9%, Broadcom +3.0%, and the optical names went vertical — Lumentum +11.0%, Corning +7.6% on an 80-million-mile fibre contract with Verizon, Coherent +7.1% — while Shopify, UiPath and Atlassian…
The trade flips at midday: chips fade, software bounces — Meta +6%, Cloudflare +9%, Datadog +6% while oil holds $101 and the 10-year hits 4.85%Midday 10 · 9 Sept 2026The rest of the market is weaker, not stronger: the Russell 2000 is down 1.2%, Booking, Shopify, SpaceX, the cruise lines and Canada are being sold on oil at $101 and a trade fight, and the 10-year yield is at 4.85%, its highest since 2023.
Chips up again, software down again — Friday's split is turning into a trendMidday 10 · 8 Sept 2026Second session of the same trade, and it is widening: the optical and hardware names are up 7% to 12%, Intel 9%, AMD through $500, while Shopify falls 7%, Intuit, Workday and Booking 6%, and ServiceNow, Salesforce and Adobe 3% to 4%.

Related in the Closelooknet universe

same Closelooknet index seat first, then Software - Application. Scored names rank on their Closelooknet score; names without one rank on trend state — above or below their 50- and 200-day averages — never on a score they do not carry.