US stock / ETF

Shopify Inc. Class A subordinate voting shares

SHOP · NASDAQ · USD

1 monthBullish71%
Monthly Upside probability 71%Bullish

SHOP 1M chart

EMA21EMA50Bollinger
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Market View

Market Shift

Monthly: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $48.56 and reclaim $182.19.

Invalidation Trigger

Lose $48.56 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

Monthly
Momentum StateBullish
Momentum improving

RSI 62.5, MACD -0.454

Monthly
Volatility EnvironmentBearish
High volatility

ATR is $29.34 (19.38%)

Monthly

EMA Structure

Bullish
EMA 8$137.14Bullish
EMA 21$126.04Bullish
EMA 50$108.35Bullish

Signals

CategoryReadStrength
Momentum
RSI 62.5 · MACD -0.454

Momentum is strong

Strength
Bullish
Volatility
ATR $29.34 · BB 66.38%

High volatility

Strength
Bearish
Volume
MFI 54.0 · OBV -2.90%

Relative to 20-period average volume

Strength
Range
Price Levels
$48.56 - $182.19

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+39.73% · 2.0 ATR above latest close

$211.53
Nearest resistance

+20.34% · 1.0 ATR above · 34-bar high

$182.19
Current price

Price shown is delayed

$151.39
Nearest support

-67.92% · 3.5 ATR below · 34-bar low

$48.56
Deeper support zone

-87.3% · 4.5 ATR below latest close

$19.22
ATR zone

Latest close ± ATR14

$122.05 - $180.73

Indicators

Trend

Dow Theory Structure

Confirmation $94, invalidation $158.87

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is moderate

18.0 / 15.1 / 16.6Bearish
Supertrend (10,3)

Price is above Supertrend

$65.9Bullish
Ichimoku Cloud

Cloud Span A / Span B

$125.23 / $102.91Bullish
Donchian Channel (20)

20-period breakout channel position

73%Bullish

Volatility

ATR (14)

High volatility

$29.34 (19.38%)Bearish
Bollinger Bands (20,2)

Width 66.38%

74%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$183.34 / $70.52Bearish
ATR channel lower / upper

Current Volatility Envelope

$122.05 / $180.73Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$182.19Range
Support

Nearest Downside Decision Level

$48.56Range

Momentum

RSI (14)

Momentum is strong

62.5Bullish
MACD (12,26,9)

Histogram is negative

-0.454Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

65.1 / 63.0Bullish
Williams %R (14)

Neutral zone

-34.9Range
CCI (20)

Balanced zone

77.4Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

54.0Range
OBV slope

20-period OBV slope

-2.90%Bearish
Volume ratio

Relative to 20-period average volume

0.07xBearish

Trend

Dow Theory Structure

Confirmation $94, invalidation $158.87

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is moderate

18.0 / 15.1 / 16.6Bearish
Supertrend (10,3)

Price is above Supertrend

$65.9Bullish
Ichimoku Cloud

Cloud Span A / Span B

$125.23 / $102.91Bullish
Donchian Channel (20)

20-period breakout channel position

73%Bullish

Momentum

RSI (14)

Momentum is strong

62.5Bullish
MACD (12,26,9)

Histogram is negative

-0.454Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

65.1 / 63.0Bullish
Williams %R (14)

Neutral zone

-34.9Range
CCI (20)

Balanced zone

77.4Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volatility

ATR (14)

High volatility

$29.34 (19.38%)Bearish
Bollinger Bands (20,2)

Width 66.38%

74%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$183.34 / $70.52Bearish
ATR channel lower / upper

Current Volatility Envelope

$122.05 / $180.73Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

54.0Range
OBV slope

20-period OBV slope

-2.90%Bearish
Volume ratio

Relative to 20-period average volume

0.07xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$182.19Range
Support

Nearest Downside Decision Level

$48.56Range

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