US stock / ETF

Shopify Inc. Class A subordinate voting shares

SHOP · NASDAQ · USD

1 monthBullish92%
Monthly Upside probability 92%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 66.9, MACD 0.687

Monthly
Volatility EnvironmentBearish
High volatility

ATR is $31.3 (18.49%)

Monthly

EMA Structure

Bullish
EMA 8$141.11Bullish
EMA 21$127.66Bullish
EMA 50$109.05Bullish

Signals

CategoryReadStrength
Momentum
RSI 66.9 · MACD 0.687

Momentum is strong

Strength
Bullish
Volatility
ATR $31.3 · BB 69.53%

High volatility

Strength
Bearish
Volume
MFI 56.1 · OBV 3.58%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$48.56 - $182.19

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+26.12% · 1.4 ATR above latest close

$213.49
Nearest resistance

+7.63% · 0.4 ATR above · 34-bar high

$182.19
Current price

Price shown is delayed

$169.27
Nearest support

-71.31% · 3.9 ATR below · 34-bar low

$48.56
Deeper support zone

-89.8% · 4.9 ATR below latest close

$17.26
ATR zone

Latest close ± ATR14

$137.97 - $200.57

Indicators

Trend

Dow Theory Structure

Confirmation $182.19, invalidation $94

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

Trend strength is moderate

18.6 / 20.5 / 15.5Bullish
Supertrend (10,3)

Price is above Supertrend

$71.38Bullish
Ichimoku Cloud

Cloud Span A / Span B

$130.62 / $102.91Bullish
Donchian Channel (20)

20-period breakout channel position

89%Bullish

Volatility

ATR (14)

High volatility

$31.3 (18.49%)Bearish
Bollinger Bands (20,2)

Width 69.53%

92%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$190.52 / $66.74Bearish
ATR channel lower / upper

Current Volatility Envelope

$137.97 / $200.57Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$182.19Range
Support

Nearest Downside Decision Level

$48.56Range

Momentum

RSI (14)

Momentum is strong

66.9Bullish
MACD (12,26,9)

Histogram is positive

0.687Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

85.3 / 69.7Bullish
Williams %R (14)

Overbought zone

-14.7Bearish
CCI (20)

Strong expansion

123.6Bullish
TD Sequential

Setup is not extreme

sell 3Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

56.1Bullish
OBV slope

20-period OBV slope

3.58%Bullish
Volume ratio

Relative to 20-period average volume

0.54xBearish

Trend

Dow Theory Structure

Confirmation $182.19, invalidation $94

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

Trend strength is moderate

18.6 / 20.5 / 15.5Bullish
Supertrend (10,3)

Price is above Supertrend

$71.38Bullish
Ichimoku Cloud

Cloud Span A / Span B

$130.62 / $102.91Bullish
Donchian Channel (20)

20-period breakout channel position

89%Bullish

Momentum

RSI (14)

Momentum is strong

66.9Bullish
MACD (12,26,9)

Histogram is positive

0.687Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

85.3 / 69.7Bullish
Williams %R (14)

Overbought zone

-14.7Bearish
CCI (20)

Strong expansion

123.6Bullish
TD Sequential

Setup is not extreme

sell 3Bearish

Volatility

ATR (14)

High volatility

$31.3 (18.49%)Bearish
Bollinger Bands (20,2)

Width 69.53%

92%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$190.52 / $66.74Bearish
ATR channel lower / upper

Current Volatility Envelope

$137.97 / $200.57Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

56.1Bullish
OBV slope

20-period OBV slope

3.58%Bullish
Volume ratio

Relative to 20-period average volume

0.54xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$182.19Range
Support

Nearest Downside Decision Level

$48.56Range

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