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Is SHOP preparing to trend higher? Crossed Above 20 Day Moving Average shows up after climbing 4.56%

Shopify Inc. (SHOP) — SwingTradeBot Technical Analysis Report · Jun 27, 2026, 01:56 ET
SHOP posted a 4.56% gain on Friday, June 26th, accompanied by 0.9× normal trading volume. Multiple bullish signals emerged — Crossed Above 20 DMA, Crossed Above 50 DMA, MACD Bullish Centerline Cross & 180 Bullish Setup — suggesting potential strength ahead. Key support levels exist at 113.25, 109.79 & 107.48, with resistance at 119.02, 121.33 & 124.79.

Current SwingTradeBot Technical Rating of SHOP: D

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Shopify Inc. (SHOP)