US stock / ETF

Shopify Inc. Class A subordinate voting shares

SHOP · NASDAQ · USD

1 monthBullish72%
Monthly Upside probability 72%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 $47.16 and reclaim $182.19.

Invalidation Trigger

Lose $47.16 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

Monthly
Momentum StateRange
Momentum mixed

RSI 52.4, MACD -4.483

Monthly
Volatility EnvironmentBearish
High volatility

ATR is $28.61 (23.94%)

Monthly

EMA Structure

Bullish
EMA 8$122.17Bearish
EMA 21$118.35Bullish
EMA 50$103.73Bullish

Signals

CategoryReadStrength
Momentum
RSI 52.4 · MACD -4.483

Neutral zone

Strength
Range
Volatility
ATR $28.61 · BB 65.42%

High volatility

Strength
Bearish
Volume
MFI 60.5 · OBV -23.94%

Relative to 20-period average volume

Strength
Range
Price Levels
$47.16 - $182.19

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+76.39% · 3.2 ATR above latest close

$210.8
Nearest resistance

+52.45% · 2.2 ATR above · 34-bar high

$182.19
Current price

Price shown is delayed

$119.51
Nearest support

-60.54% · 2.5 ATR below · 34-bar low

$47.16
Deeper support zone

-84.48% · 3.5 ATR below latest close

$18.55
ATR zone

Latest close ± ATR14

$90.9 - $148.12

Indicators

Trend

Dow Theory Structure

Confirmation $182.19, invalidation $94

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is moderate

19.8 / 18.9 / 17.0Bullish
Supertrend (10,3)

Price is above Supertrend

$35.6Bullish
Ichimoku Cloud

Cloud Span A / Span B

$124.43 / $102.91Bearish
Donchian Channel (20)

20-period breakout channel position

44%Range

Volatility

ATR (14)

High volatility

$28.61 (23.94%)Bearish
Bollinger Bands (20,2)

Width 65.42%

43%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$174.85 / $63.21Bearish
ATR channel lower / upper

Current Volatility Envelope

$90.9 / $148.12Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$182.19Range
Support

Nearest Downside Decision Level

$47.16Range

Momentum

RSI (14)

Neutral zone

52.4Range
MACD (12,26,9)

Histogram is negative

-4.483Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

28.9 / 27.6Bullish
Williams %R (14)

Neutral zone

-71.1Range
CCI (20)

Balanced zone

-23.1Range
TD Sequential

Exhaustion setup is near completion

buy 8Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

60.5Bullish
OBV slope

20-period OBV slope

-23.94%Bearish
Volume ratio

Relative to 20-period average volume

0.02xBearish

Trend

Dow Theory Structure

Confirmation $182.19, invalidation $94

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is moderate

19.8 / 18.9 / 17.0Bullish
Supertrend (10,3)

Price is above Supertrend

$35.6Bullish
Ichimoku Cloud

Cloud Span A / Span B

$124.43 / $102.91Bearish
Donchian Channel (20)

20-period breakout channel position

44%Range

Momentum

RSI (14)

Neutral zone

52.4Range
MACD (12,26,9)

Histogram is negative

-4.483Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

28.9 / 27.6Bullish
Williams %R (14)

Neutral zone

-71.1Range
CCI (20)

Balanced zone

-23.1Range
TD Sequential

Exhaustion setup is near completion

buy 8Bullish

Volatility

ATR (14)

High volatility

$28.61 (23.94%)Bearish
Bollinger Bands (20,2)

Width 65.42%

43%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$174.85 / $63.21Bearish
ATR channel lower / upper

Current Volatility Envelope

$90.9 / $148.12Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

60.5Bullish
OBV slope

20-period OBV slope

-23.94%Bearish
Volume ratio

Relative to 20-period average volume

0.02xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$182.19Range
Support

Nearest Downside Decision Level

$47.16Range

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