SHOP

Stock

Shopify Inc.

Price

$120.73

as of Feb 27, 2026

All Time High: $179.01

🔴

Strong

Current Drawdown

-32.6%

Days in Drawdown

84

Avg Max Drawdown

7.7%

Avg Length

38

Drawdown Severity Score™

5.6

SHOP - Price & High Water Mark

SHOP - Drawdown Timeline

How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.

Shopify Inc. (SHOP) Analysis: Current Drawdown Insights

Shopify Inc. is currently experiencing an unusual drawdown opportunity. As of 2026-02-27, the stock is trading at $120.73, which represents a 32.6% decline from its all-time high of $179.01. This drawdown has persisted for 84 days.

Based on comprehensive historical analysis spanning 10 years, Shopify Inc. typically experiences drawdowns averaging 7.7% in depth, with an average duration of 38 days. Shopify Inc. has gone through 95 total drawdown events in the last 10 years. The largest drawdown for Shopify Inc. in the last 10 years was 84.8%. The longest drawdown duration in its history was 1432 days.

The Drawdown Severity Score™ for Shopify Inc. currently stands at 5.61. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score between 5.0 and 8.0 indicates a rare, significant drawdown—the asset seldom sees declines at this level. This may represent a buying opportunity for value-focused investors with strong conviction.

Understanding Drawdowns: A drawdown measures how far a stock has fallen from its peak price. Every stock experiences drawdowns—periods when the price declines from all-time highs before recovering. By analyzing Shopify Inc.'s historical drawdown patterns, investors can identify when the stock is experiencing a typical market fluctuation versus an unusual decline that may represent a buying opportunity.

📜 Historical Drawdown Events

Current drawdown shown in blue. Complete record of all 95 historical pullbacks below.

Start DateEnd DateDurationMax DepthStart PriceLowest PriceRecovery Price
2025-12-05Ongoing84 days-32.6%$179.01$120.73
2021-11-222025-10-241432 days-84.8%$169.06$25.67$172.95
2021-11-172021-11-182 days-2.2%$167.53$163.78$168.13
2021-11-152021-11-162 days-0.8%$166.95$165.65$167.53
2021-07-262021-11-12110 days-20.0%$164.33$131.49$166.95
2021-07-072021-07-2115 days-6.3%$153.80$144.15$156.94
2021-06-232021-07-0614 days-3.3%$150.84$145.80$153.80
2021-02-172021-06-21124 days-29.4%$147.40$103.99$148.02
2021-02-122021-02-165 days-0.5%$146.33$145.55$147.40
2020-12-232021-02-0545 days-14.9%$127.71$108.73$128.77
2020-12-182020-12-214 days-0.8%$118.00$117.10$119.73
2020-09-022020-12-16106 days-23.2%$113.43$87.08$115.73
2020-08-062020-09-0127 days-11.2%$109.46$97.20$113.43
2020-08-042020-08-052 days-0.3%$108.31$108.00$109.46
2020-07-302020-08-035 days-2.8%$105.36$102.40$108.31
2020-07-102020-07-2920 days-11.0%$104.00$92.55$105.36
2020-07-062020-07-094 days-4.2%$103.00$98.68$104.00
2020-06-262020-06-294 days-0.7%$91.63$91.00$92.24
2020-06-242020-06-252 days-1.6%$91.13$89.70$91.63
2020-05-262020-06-1824 days-12.1%$82.52$72.51$86.36
2020-05-182020-05-203 days-3.8%$76.70$73.80$77.80
2020-05-142020-05-152 days-0.0%$75.44$75.43$76.70
2020-05-122020-05-132 days-1.1%$75.03$74.23$75.44
2020-05-072020-05-115 days-3.3%$73.35$70.90$75.03
2020-04-272020-05-048 days-4.6%$64.32$61.36$65.89
2020-04-212020-04-244 days-7.1%$62.99$58.50$64.32
2020-02-202020-04-1757 days-40.7%$54.32$32.23$59.04
2020-02-142020-02-185 days-0.3%$53.30$53.12$53.64
2020-02-052020-02-106 days-2.6%$48.55$47.30$49.17
2020-01-312020-02-045 days-2.4%$47.69$46.57$48.55
2020-01-242020-01-296 days-3.9%$46.92$45.11$47.17
2020-01-222020-01-232 days-0.1%$46.54$46.48$46.92
2020-01-102020-01-134 days-0.2%$43.02$42.92$44.03
2019-12-272020-01-0611 days-3.0%$40.88$39.64$41.33
2019-08-282019-12-26121 days-29.8%$40.70$28.58$40.88
2019-08-222019-08-265 days-1.8%$38.98$38.28$39.60
2019-08-122019-08-209 days-5.1%$36.99$35.11$37.50
2019-08-022019-08-087 days-5.9%$34.14$32.14$35.78
2019-07-292019-08-014 days-6.6%$33.65$31.43$34.14
2019-07-232019-07-264 days-1.7%$33.52$32.96$33.65
2019-07-192019-07-224 days-0.3%$33.12$33.00$33.52
2019-06-212019-07-1828 days-13.4%$32.80$28.40$33.12
2019-06-132019-06-197 days-1.9%$31.01$30.42$32.70
2019-06-112019-06-122 days-0.0%$30.67$30.67$31.01
2019-05-292019-06-058 days-6.2%$28.24$26.50$29.25
2019-05-232019-05-286 days-2.6%$27.90$27.16$28.24
2019-05-172019-05-226 days-3.9%$27.80$26.72$27.90
2019-05-072019-05-1610 days-5.5%$26.55$25.08$27.80
2019-04-232019-04-297 days-2.4%$22.43$21.90$22.58
2019-04-162019-04-183 days-1.2%$21.80$21.54$22.07
2019-03-152019-04-1128 days-6.5%$20.82$19.48$21.10

How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).

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