Is Shopify (SHOP) a buy right now?

Orenth's check on 2 Nov 2026: Wait. Do not buy yet. The app likes the idea but not today's price. Found this setup 100 times before. It worked 30 of them. This is software output, not financial advice.

Checked through the day · updated 5h ago

Shopify (SHOP): buy, wait or avoid?

Wait Do not buy yet. The app likes the idea but not today's price.

How sure is it?

Found this setup 100 times before. It worked 30 of them.

When it worked it made about 1.5 times what you put at risk. When it did not, it usually lost about 50% of what you put at risk, not all of it, because the trade is closed rather than left to run. To come out even it only needed to work 25 of those 100 times, so it cleared that bar.

Watch for the price to reach $153.79. That is the app's buy price.
If you bought and the price fell to $138.39, the plan says get out. That is the point where the idea was wrong.
If it works, the app expects around $170.45.

Price $157.49 · daily bars · checked 5h ago

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Which strategies worked on SHOP

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Each one back-tested on SHOP's own daily prices, after trading costs.

Did best

Keltner reversion: worked 37 of 101 times, kept +0.33R a trade
MFI extremes: worked 89 of 271 times, kept +0.22R a trade
Pin bar: worked 23 of 68 times, kept +0.21R a trade

Did worst

ADX DI cross: worked 17 of 83 times, kept -0.25R a trade
Linear regression channel: worked 51 of 247 times, kept -0.23R a trade
Donchian breakout: worked 32 of 169 times, kept -0.21R a trade

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Analysis software, not financial advice. Every figure here is measured from historical price data and can stop describing the future at any moment. Day trading loses money for the large majority of retail participants, and this tool's own measurements agree with that. Never risk money you cannot afford to lose.
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Analysing

Fetching data, running 34 strategies, and back-testing each one against this instrument's own history.