US stock / ETF

Shopify Inc. Class A subordinate voting shares

SHOP · NASDAQ · USD

1 dayRange50%
Daily Range probability 100%Range

SHOP 1D chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Daily: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Break either side of $106 - $133.99 with volume.

Invalidation Trigger

A trend close outside the ATR band changes the range thesis.

Market Context

Trend PhaseBullish
Constructive Trend

Price is below EMA21

Daily
Momentum StateBearish
Momentum soft

RSI 49.9, MACD -0.676

Daily
Volatility EnvironmentBearish
High volatility

ATR is $6.02 (5.03%)

Daily

EMA Structure

Bullish
EMA 8$120.38Bearish
EMA 21$120.11Bearish
EMA 50$118.26Bullish

Signals

CategoryReadStrength
Momentum
RSI 49.9 · MACD -0.676

Neutral zone

Strength
Bearish
Volatility
ATR $6.02 · BB 14.96%

High volatility

Strength
Bearish
Volume
MFI 26.1 · OBV -13.79%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$106 - $133.99

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+17.15% · 3.4 ATR above latest close

$140.01
Nearest resistance

+12.12% · 2.4 ATR above · 34-bar high

$133.99
Current price

Price shown is delayed

$119.51
Nearest support

-11.3% · 2.2 ATR below · 34-bar low

$106
Deeper support zone

-16.34% · 3.2 ATR below latest close

$99.98
ATR zone

Latest close ± ATR14

$113.49 - $125.53

Indicators

Trend

Dow Theory Structure

Confirmation $133.99, invalidation $115.27

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is moderate

18.9 / 24.7 / 31.5Bearish
Supertrend (10,3)

Price is above Supertrend

$100.1Bullish
Ichimoku Cloud

Cloud Span A / Span B

$122.52 / $116.61Bearish
Donchian Channel (20)

20-period breakout channel position

37%Range

Volatility

ATR (14)

High volatility

$6.02 (5.03%)Bearish
Bollinger Bands (20,2)

Width 14.96%

38%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$133.55 / $106.84Bearish
ATR channel lower / upper

Current Volatility Envelope

$113.49 / $125.53Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$133.99Range
Support

Nearest Downside Decision Level

$106Range

Momentum

RSI (14)

Neutral zone

49.9Range
MACD (12,26,9)

Histogram is negative

-0.676Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

36.9 / 30.4Bullish
Williams %R (14)

Neutral zone

-63.1Range
CCI (20)

Balanced zone

-36.9Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

26.1Bearish
OBV slope

20-period OBV slope

-13.79%Bearish
Volume ratio

Relative to 20-period average volume

0.05xBearish

Trend

Dow Theory Structure

Confirmation $133.99, invalidation $115.27

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is moderate

18.9 / 24.7 / 31.5Bearish
Supertrend (10,3)

Price is above Supertrend

$100.1Bullish
Ichimoku Cloud

Cloud Span A / Span B

$122.52 / $116.61Bearish
Donchian Channel (20)

20-period breakout channel position

37%Range

Momentum

RSI (14)

Neutral zone

49.9Range
MACD (12,26,9)

Histogram is negative

-0.676Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

36.9 / 30.4Bullish
Williams %R (14)

Neutral zone

-63.1Range
CCI (20)

Balanced zone

-36.9Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volatility

ATR (14)

High volatility

$6.02 (5.03%)Bearish
Bollinger Bands (20,2)

Width 14.96%

38%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$133.55 / $106.84Bearish
ATR channel lower / upper

Current Volatility Envelope

$113.49 / $125.53Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

26.1Bearish
OBV slope

20-period OBV slope

-13.79%Bearish
Volume ratio

Relative to 20-period average volume

0.05xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$133.99Range
Support

Nearest Downside Decision Level

$106Range

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