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: Bearish.
Positives: RSI 55 — healthy momentum range. Concerns: trading below the 200-day MA (long-term downtrend); below the 50-day MA (medium-term momentum negative); 50-day MA is falling (-0.75% over 10 days); 3-month momentum negative (-14.5%). Currently 40.6% off its 52-week high. Score: -4/7.
SHOP is trading below its 200-day MA ($138.18) — a key warning sign the longer-term trend is under pressure. An RSI of 55.2 sits in the neutral zone — momentum is neither stretched nor exhausted. The 1-year return of -0.9% compares to +22.9% for SPY (trailed the market by 23.8%). The current 40.6% drawdown from the 52-week high reflects elevated risk for momentum-based strategies.