US stock / ETF

Shopify Inc. Class A subordinate voting shares

SHOP · NASDAQ · USD

1 monthBullish78%
Monthly Upside probability 78%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 StateRange
Momentum mixed

RSI 59.2, MACD -0.038

Monthly
Volatility EnvironmentBearish
High volatility

ATR is $31.2 (21.26%)

Monthly

EMA Structure

Bullish
EMA 8$140.34Bullish
EMA 21$128.43Bullish
EMA 50$110.08Bullish

Signals

CategoryReadStrength
Momentum
RSI 59.2 · MACD -0.038

Momentum is strong

Strength
Range
Volatility
ATR $31.2 · BB 62.02%

High volatility

Strength
Bearish
Volume
MFI 52.2 · OBV 24.92%

Relative to 20-period average volume

Strength
Range
Price Levels
$48.56 - $182.19

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+45.38% · 2.1 ATR above latest close

$213.39
Nearest resistance

+24.12% · 1.1 ATR above · 34-bar high

$182.19
Current price

Price shown is delayed

$146.78
Nearest support

-66.92% · 3.1 ATR below · 34-bar low

$48.56
Deeper support zone

-88.17% · 4.1 ATR below latest close

$17.36
ATR zone

Latest close ± ATR14

$115.58 - $177.98

Indicators

Trend

Dow Theory Structure

Confirmation $182.19, invalidation $94

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

Trend strength is moderate

16.4 / 20.0 / 18.4Bullish
Supertrend (10,3)

Price is above Supertrend

$59.81Bullish
Ichimoku Cloud

Cloud Span A / Span B

$131.61 / $102.91Bullish
Donchian Channel (20)

20-period breakout channel position

68%Bullish

Volatility

ATR (14)

High volatility

$31.2 (21.26%)Bearish
Bollinger Bands (20,2)

Width 62.02%

66%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$187.99 / $70.7Bearish
ATR channel lower / upper

Current Volatility Envelope

$115.58 / $177.98Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$182.19Range
Support

Nearest Downside Decision Level

$48.56Range

Momentum

RSI (14)

Momentum is strong

59.2Bullish
MACD (12,26,9)

Histogram is negative

-0.038Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

59.8 / 64.5Bearish
Williams %R (14)

Neutral zone

-40.2Range
CCI (20)

Balanced zone

54.7Range
TD Sequential

Setup is not extreme

sell 4Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

52.2Range
OBV slope

20-period OBV slope

24.92%Bullish
Volume ratio

Relative to 20-period average volume

0.40xBearish

Trend

Dow Theory Structure

Confirmation $182.19, invalidation $94

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

Trend strength is moderate

16.4 / 20.0 / 18.4Bullish
Supertrend (10,3)

Price is above Supertrend

$59.81Bullish
Ichimoku Cloud

Cloud Span A / Span B

$131.61 / $102.91Bullish
Donchian Channel (20)

20-period breakout channel position

68%Bullish

Momentum

RSI (14)

Momentum is strong

59.2Bullish
MACD (12,26,9)

Histogram is negative

-0.038Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

59.8 / 64.5Bearish
Williams %R (14)

Neutral zone

-40.2Range
CCI (20)

Balanced zone

54.7Range
TD Sequential

Setup is not extreme

sell 4Bearish

Volatility

ATR (14)

High volatility

$31.2 (21.26%)Bearish
Bollinger Bands (20,2)

Width 62.02%

66%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$187.99 / $70.7Bearish
ATR channel lower / upper

Current Volatility Envelope

$115.58 / $177.98Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

52.2Range
OBV slope

20-period OBV slope

24.92%Bullish
Volume ratio

Relative to 20-period average volume

0.40xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$182.19Range
Support

Nearest Downside Decision Level

$48.56Range

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