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: Caution.
Positives: above the 50-day MA (medium-term momentum positive); 50-day MA is rising (+1.41% over 10 days); RSI 40 — healthy momentum range. Concerns: trading below the 200-day MA (long-term downtrend); 3-month momentum negative (-9.6%). Currently 37.6% off its 52-week high. Score: +0/7.
SHOP is trading below its 200-day MA ($134.01) — a key warning sign the longer-term trend is under pressure. An RSI of 40.1 sits in the neutral zone — momentum is neither stretched nor exhausted. The 1-year return of -6.8% compares to +16.5% for SPY (trailed the market by 23.3%). The current 37.6% drawdown from the 52-week high reflects elevated risk for momentum-based strategies.