US stock / ETF

Shopify Inc. Class A subordinate voting shares

SHOP · NASDAQ · USD

1 monthBullish82%
Monthly Upside probability 82%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 StateBullish
Momentum improving

RSI 61.9, MACD -2.585

Monthly
Volatility EnvironmentBearish
High volatility

ATR is $31.21 (20.91%)

Monthly

EMA Structure

Bullish
EMA 8$128.78Bullish
EMA 21$121.05Bullish
EMA 50$104.9Bullish

Signals

CategoryReadStrength
Momentum
RSI 61.9 · MACD -2.585

Momentum is strong

Strength
Bullish
Volatility
ATR $31.21 · BB 66.50%

High volatility

Strength
Bearish
Volume
MFI 63.0 · OBV -16.23%

Relative to 20-period average volume

Strength
Range
Price Levels
$47.16 - $182.19

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+42.98% · 2.1 ATR above latest close

$213.4
Nearest resistance

+22.07% · 1.1 ATR above · 34-bar high

$182.19
Current price

Price shown is delayed

$149.25
Nearest support

-68.4% · 3.3 ATR below · 34-bar low

$47.16
Deeper support zone

-89.31% · 4.3 ATR below latest close

$15.95
ATR zone

Latest close ± ATR14

$118.04 - $180.46

Indicators

Trend

Dow Theory Structure

Confirmation $182.19, invalidation $94

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

Trend strength is moderate

20.8 / 23.0 / 15.6Bullish
Supertrend (10,3)

Price is above Supertrend

$43.6Bullish
Ichimoku Cloud

Cloud Span A / Span B

$124.43 / $102.91Bullish
Donchian Channel (20)

20-period breakout channel position

71%Bullish

Volatility

ATR (14)

High volatility

$31.21 (20.91%)Bearish
Bollinger Bands (20,2)

Width 66.50%

76%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$184.95 / $58.78Bearish
ATR channel lower / upper

Current Volatility Envelope

$118.04 / $180.46Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$182.19Range
Support

Nearest Downside Decision Level

$47.16Range

Momentum

RSI (14)

Momentum is strong

61.9Bullish
MACD (12,26,9)

Histogram is negative

-2.585Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

62.6 / 38.9Bullish
Williams %R (14)

Neutral zone

-37.4Range
CCI (20)

Balanced zone

60.3Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

63.0Bullish
OBV slope

20-period OBV slope

-16.23%Bearish
Volume ratio

Relative to 20-period average volume

0.75xBearish

Trend

Dow Theory Structure

Confirmation $182.19, invalidation $94

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

Trend strength is moderate

20.8 / 23.0 / 15.6Bullish
Supertrend (10,3)

Price is above Supertrend

$43.6Bullish
Ichimoku Cloud

Cloud Span A / Span B

$124.43 / $102.91Bullish
Donchian Channel (20)

20-period breakout channel position

71%Bullish

Momentum

RSI (14)

Momentum is strong

61.9Bullish
MACD (12,26,9)

Histogram is negative

-2.585Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

62.6 / 38.9Bullish
Williams %R (14)

Neutral zone

-37.4Range
CCI (20)

Balanced zone

60.3Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

High volatility

$31.21 (20.91%)Bearish
Bollinger Bands (20,2)

Width 66.50%

76%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$184.95 / $58.78Bearish
ATR channel lower / upper

Current Volatility Envelope

$118.04 / $180.46Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

63.0Bullish
OBV slope

20-period OBV slope

-16.23%Bearish
Volume ratio

Relative to 20-period average volume

0.75xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$182.19Range
Support

Nearest Downside Decision Level

$47.16Range

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