Auto-detected technical analysis for SHOP · data as of Aug 4, 2026. The chart above is live; the read below updates daily.
SHOP is breaking down from a rising wedge — a sign the recent run may be rolling over.
On this chart, setups like it have followed through about 30% of the time.
As long as price stays below $130.8, it's in play — a daily close back above there calls it off.
The move's natural target sits near $94.10.
SHOP is currently forming a rising wedge on the daily timeframe. Detected Aug 4, 2026.
New to this pattern? What a rising wedge is and how to trade it →
Historical pattern statistics (2006-08-04 – 2026-08-04), not a prediction.
Every completed pattern trade our nightly backtest found on SHOP's daily chart, newest first — wins and losses alike.
| Pattern | Entry | Exit | Outcome | Result |
|---|---|---|---|---|
| Falling Wedge | Apr 14, 2026 @ $116.97 | May 5, 2026 @ $107.63 | Loss | -1.16R |
| Triangle | Mar 13, 2026 @ $125.82 | May 12, 2026 @ $100.67 | Win | +2.48R |
| Falling Wedge | Jan 20, 2026 @ $150.08 | Jan 21, 2026 @ $140.78 | Win | +0.45R |
| Bullish Pennant | Oct 3, 2025 @ $160.75 | Jan 21, 2026 @ $138.54 | Loss | -1.05R |
| Triangle | Jul 1, 2025 @ $115.41 | Jul 30, 2025 @ $123.01 | Win | +0.66R |
| Triangle | Jun 24, 2025 @ $112.23 | Jul 30, 2025 @ $123.01 | Win | +1.30R |
| Rising Wedge | May 7, 2025 @ $94.62 | May 12, 2025 @ $104.34 | Loss | -1.66R |
| Falling Wedge | May 6, 2024 @ $75.00 | May 8, 2024 @ $62.73 | Loss | -1.76R |
| Falling Wedge | Apr 11, 2024 @ $71.14 | Aug 2, 2024 @ $56.20 | Win | +1.22R |
| Rising Wedge | Feb 8, 2024 @ $85.65 | Feb 21, 2024 @ $75.59 | Loss | -1.02R |
| Triangle | Jan 31, 2024 @ $81.30 | Feb 7, 2024 @ $85.17 | Loss | -1.70R |
| Falling Wedge | Oct 23, 2023 @ $50.48 | Nov 2, 2023 @ $59.70 | Loss | -1.61R |
Price found a floor near $109.68 about 6 weeks ago and has been climbing since. On the weekly chart, the next ceiling overhead sits near $165.91 — still about 35% away.
Nearest auto-detected support sits near $111.61, resistance near $165.91. These are chart/swing-derived levels, not formula pivots.
| Date | Open | High | Low | Close |
|---|---|---|---|---|
| Aug 4, 2026 | $117.86 | $123.70 | $117.59 | $123.30 |
| Aug 3, 2026 | $120.36 | $121.75 | $116.64 | $117.01 |
| Jul 31, 2026 | $120.93 | $122.25 | $115.27 | $117.15 |
| Jul 30, 2026 | $126.32 | $126.61 | $122.29 | $122.40 |
| Jul 29, 2026 | $129.05 | $133.73 | $128.22 | $129.17 |
| Jul 28, 2026 | $128.29 | $133.99 | $127.87 | $130.28 |
| Jul 27, 2026 | $118.20 | $126.91 | $117.81 | $126.88 |
| Jul 24, 2026 | $112.99 | $114.60 | $111.26 | $113.75 |
| Jul 23, 2026 | $117.44 | $117.91 | $111.06 | $112.00 |
| Jul 22, 2026 | $122.95 | $123.43 | $116.62 | $118.42 |
Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.