Shopify Inc. Class A subordinate voting shares
Here’s whether Shopify Inc. Class A subordinate voting shares (SHOP) is worth buying in 2026 — based on weekly-updated price trend, RSI momentum, and return vs. the S&P 500. Our current read: Neutral.
Positives: trading above the 200-day MA (long-term uptrend intact); above the 50-day MA (medium-term momentum positive); 50-day MA is rising (+6.15% over 10 days); 3-month momentum positive (+44.9%). Concerns: RSI 75 — overbought, elevated pullback risk; declining volume on rally — weak conviction (0.70x 30d avg). Currently 18.1% off its 52-week high. Score: +3/7.
SHOP is in a confirmed uptrend, trading above both its 50-day ($126.58) and 200-day ($131.59) moving averages. With an RSI of 74.5, momentum has stretched into overbought territory — short-term pullbacks are common from these levels. The 1-year return of +9.2% compares to +20.5% for SPY (trailed the market by 11.3%).