US stock / ETF

Shopify Inc. Class A subordinate voting shares

SHOP · NASDAQ · USD

1 dayBullish92%
Daily Upside probability 92%Bullish

SHOP 1D chart

EMA21EMA50Bollinger
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Market View

Market Shift

Daily: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $124.03 and reclaim $156.49.

Invalidation Trigger

Lose $124.03 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

Daily
Momentum StateBullish
Momentum improving

RSI 60.8, MACD 1.806

Daily
Volatility EnvironmentRange
Medium volatility

ATR is $6.48 (4.28%)

Daily

EMA Structure

Bullish
EMA 8$146.84Bullish
EMA 21$142.55Bullish
EMA 50$138.37Bullish

Signals

CategoryReadStrength
Momentum
RSI 60.8 · MACD 1.806

Momentum is strong

Strength
Bullish
Volatility
ATR $6.48 · BB 26.51%

Medium volatility

Strength
Range
Volume
MFI 57.1 · OBV 2.40%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$124.03 - $156.49

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+7.65% · 1.8 ATR above latest close

$162.97
Nearest resistance

+3.37% · 0.8 ATR above · 34-bar high

$156.49
Current price

Price shown is delayed

$151.39
Nearest support

-18.07% · 4.2 ATR below · 34-bar low

$124.03
Deeper support zone

-22.35% · 5.2 ATR below latest close

$117.55
ATR zone

Latest close ± ATR14

$144.91 - $157.87

Indicators

Trend

Dow Theory Structure

Confirmation $151.29, invalidation $137.09

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

Trend strength is active

30.0 / 38.3 / 16.8Bullish
Supertrend (10,3)

Price is above Supertrend

$127.68Bullish
Ichimoku Cloud

Cloud Span A / Span B

$142.3 / $134.96Bullish
Donchian Channel (20)

20-period breakout channel position

94%Bullish

Volatility

ATR (14)

Medium volatility

$6.48 (4.28%)Range
Bollinger Bands (20,2)

Width 26.51%

87%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$158.69 / $126.74Range
ATR channel lower / upper

Current Volatility Envelope

$144.91 / $157.87Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$156.49Range
Support

Nearest Downside Decision Level

$124.03Range

Momentum

RSI (14)

Momentum is strong

60.8Bullish
MACD (12,26,9)

Histogram is positive

1.806Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

93.8 / 90.9Bullish
Williams %R (14)

Overbought zone

-6.2Bearish
CCI (20)

Strong expansion

108.6Bullish
TD Sequential

Setup is not extreme

sell 5Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

57.1Bullish
OBV slope

20-period OBV slope

2.40%Bullish
Volume ratio

Relative to 20-period average volume

0.72xBearish

Trend

Dow Theory Structure

Confirmation $151.29, invalidation $137.09

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

Trend strength is active

30.0 / 38.3 / 16.8Bullish
Supertrend (10,3)

Price is above Supertrend

$127.68Bullish
Ichimoku Cloud

Cloud Span A / Span B

$142.3 / $134.96Bullish
Donchian Channel (20)

20-period breakout channel position

94%Bullish

Momentum

RSI (14)

Momentum is strong

60.8Bullish
MACD (12,26,9)

Histogram is positive

1.806Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

93.8 / 90.9Bullish
Williams %R (14)

Overbought zone

-6.2Bearish
CCI (20)

Strong expansion

108.6Bullish
TD Sequential

Setup is not extreme

sell 5Bearish

Volatility

ATR (14)

Medium volatility

$6.48 (4.28%)Range
Bollinger Bands (20,2)

Width 26.51%

87%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$158.69 / $126.74Range
ATR channel lower / upper

Current Volatility Envelope

$144.91 / $157.87Range

Volume / Money Flow

MFI (14)

Money flow is strong

57.1Bullish
OBV slope

20-period OBV slope

2.40%Bullish
Volume ratio

Relative to 20-period average volume

0.72xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$156.49Range
Support

Nearest Downside Decision Level

$124.03Range

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